Housing Virginia

Housing Virginia Newsletter
March 2013
PLAYBOOK Now Statewide: Launched at HV Partner Forum 
PLAYBOOK... Find What Works now offers a statewide inventory of local and regional affordable housing programs and policies. Housing Virginia's Board, Advisory Council and Regional Partners got a first-hand look earlier this month. Now it's available to everyone at www.housingvirginia.org. A "guide for users" will be presented in two upcoming webinars.

SOURCEBOOK Update Complete 
SOURCEBOOK has recently been updated to include the latest data for the 3rd Quarter of 2012. This provides the most recent reliable data on housing affordability for Virginia's localities, regions and state.

Housing in the Mix for the 2013 GA Session 
The 2013 Virginia General Assembly session adjourned almost a month ago.  As previously reported, the session was dominated by the Governor's Transportation Plan (passed) and Medicaid Expansion (passed, pending program revisions).  The session also included actions on a number of affordable housing issues.  Of particular note was the GA's approval to write the state Housing Trust Fund into state code (the 2012 session had created the HTF, but only in budget language).

HV Offers Succession Training: Growing our Next Housing Leaders 
It's time to get serious about leadership planning.   The next five years will see an unprecedented turnover in leadership positions within the affordable housing sector -board and executive staff-- in the affordable housing industry.  Housing Virginia in partnership with BB&T and the Surdna Foundation will sponsor Succession Planning, Leader Development and Managing Executive Transitions, in three one day regional sessions.

Virginia Rents and Wages Don't Match Up  
Did you know that renters in Virginia need to earn $20.72 per hour in order to afford a basic apartment here?   A report recently released by the National Low Income Housing Coalition, a Washington, D.C.-based research and advocacy organization, and the Virginia Housing Coalition compares the cost of rental housing with what renters can really afford. Out of Reach 2013 provides the Housing Wage and other housing affordability data for every state, metropolitan area, combined non-metropolitan area, and county in the country.

Bring HOUSING 2020 to Your Community  
Create a bridge to your organization's future through video clips, presentations and fact sheets. This year's Housing Virginia policy project, HOUSING 2020: What is shaping the Future of Housing in Virginia? is almost complete. Housing Virginia is seeking partners to produce a  HOUSING 2020 program for regional and sector based exposure. 
Forecasting Housing Demand in the Richmond Region 
The Richmond Partnership for Housing Affordability presented its spring symposium, Forecasting Housing Demand in the Richmond Region, at the University of Richmond's Jepson Alumni Center on March 20th to over 300 in attendance.  Dr. Lisa Sturtevant, from the Center for Regional Analysis at George Mason University provided an analysis of current housing needs and a forecast of housing demand  based on projected job growth in a report called Housing the Richmond Region's Future Workforce.

Close to 25% of all VA Mortgages Are or Near Underwater 
A report released last week by CoreLogic indicates for the fourth quarter of 2012 almost a quarter of all Virginia residential mortgages are still underwater or near underwater. Nineteen percent of Virginia mortgages are greater than the value of the home, and another 5.3% of mortgages are between 95% and 100% of the value of the home.

New Toolkit for Local Housing Trust Funds is Released 
The Housing Trust Fund Project recently announced the release of a new toolkit for housing trust fund advocates: State Legislation to Promote Local Housing Trust Funds.

The passage of state legislation to enable and promote local housing trust funds has increased the number of local housing trust funds more than any other single development in the housing trust fund movement.

In This Issue

A PLAYBOOK "guide for users" will be presented in two upcoming Webinars.
April 10th: 2pm - 2:30pm
April 23rd: 9am - 9:30am
You can sign up for either of these sessions by emailing Anna Strahs Watts here.

Succession Training

Housing Virginia, in partnership with BB&T, is bringing Transition Guides from Silver Spring, Maryland to deliver three one-day training events targeting executive leaders and their boards. The workshop will provide participants with a comprehensive overview of succession planning, leader development and managing executive transitions.
April 19th, Richmond
May 1st, Leesburg
May 14th, Staunton
E-mail Anna Strahs Watts for more information and to register!

Roanoke Regional Housing Network
Housing A-Z - from Homelessness to Homeownership
May 2, 2013 8am - 3:30pm
Tanglewood Holiday Inn
Click here to register!

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Campaign for a Virginia Housing Trust Fund | bob@hdadvisors.net | 1309 West Main Street
Richmond, VA 23220

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