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Hanover CountyHanover County, Ashland approve development
The plans call for more than 800 residential units and more than 800,000 square feet of commercial or retail space. Well-planned developments can have a positive impact on nearby property values, as proximity to shops and services often makes homes more attractive to buyers. Read more in the Richmond Times-Dispatch.... Posted on Wednesday, May 5, 2010 - 11:21pm
Homeowners at risk for foreclosure offered free counseling in RichmondThe Federal Reserve Bank of Richmond, Housing Opportunities Made Equal of Virginia Inc., and the city of Richmond will co-sponsor a clinic for homeowners who may be at risk of foreclosure. Free foreclosure and fraud-prevention counseling will be offered, and homeowners will get to meet with a HUD-approved counseling agency to work on solutions to help them stay in their homes. According to February data from McDash Analytics, 5.85% of the loans in Richmond area were more than 90 days past due. The average for Virginia is 4.92%. Read more in the Richmond Times-Dispatch.... Posted on Thursday, April 22, 2010 - 8:27pm
Local governments in Virginia making tough decisions to balance budgets
Read more in the local news outlets below: York School Board passes $115 million budget Monday night (Daily Press) Beach weighs options to save ailing golf courses (The Virginian-Pilot) Roanoke tries to cut $10 million from city budget (The Roanoke Times) Clearbrook fire and rescue station would welcome $93,600 (The Roanoke Times) Pittsylvania County Supervisors talk finances (The Danville Register & Bee) Campbell Co. School Board approves budget with school closure, job cuts (Lynchburg News & Advance) County, school leaders get down to numbers in Bedford (The Lynchburg News & Advance) Overtime debated, fees considered by Augusta supervisors (The Waynesboro News Virginian) Public hearing tomorrow on Goochland County budget issues (The Goochland Gazette) County, schools get additional $1 million (Mechanicsville Local) School board OKs budget with 12 staff cuts (Amherst New Era Progress) Early retirements will aid Washington County school budget (Bristol Herald Courier) County proposes position, capital project cuts (The Staunton News Leader) Posted on Tuesday, March 30, 2010 - 1:16pm
A new look at housing affordability in Virginia
Traditionally, a home is considered affordable if the yearly mortgage payments are about 30% of the homeowner's annual salary. The H+T (Housing + Transportation) Affordability Index suggests that a more realistic measure would factor in transportation costs. Using their model, a home would be considered affordable if the mortgage payments plus transportation costs (car, fuel, public tranportation, etc.) come to about 45% of the homeowner's annual income. Virginians living in the close-in suburbs largely fare well, according to the CNT model. Roanoke boasts combined housing and transportation costs of just 44% of the area median income (AMI), Charlottesville 43%, and Lynchburg 49%. The Richmond metro area generally falls into the affordable range at 39% of AMI, with the exception of some outlying parts of the surrounding counties. Most of the Hampton Roads is considered less affordable, with housing and transportation taking up more than half of the AMI, with Norfolk the exception at 42%. The Northern Virginia area is more affordable according the the H+T model. For example, transportation costs in Alexandria come to about 15% of the local median income. Wondering how your home stacks up? Homeowners in the Washington metro area can put their addresses into this calculator to find out or read the Washington fact sheet at the Center for Neighborhood Technology. Check out other regions on this interactive map.
Posted on Friday, March 26, 2010 - 11:52am
School budget decisions made across the state
Posted on Tuesday, March 23, 2010 - 3:12pm
Great Deals for Richmond-area Homeowners
Want to update your home? Two upcoming events can help you get a great deal on materials and home decor. Two upcoming Richmond-area events will benefit homeowners and the local Habitat for Humanity, according to the Richmond Times-Dispatch. Contractor Sale "Hanover Habitat for Humanity and the central Virginia chapter of the National Association of the Remodeling Industry will hold a contractor yard sale Oct. 24 from 8 a.m. to 2 p.m. at the Hanover Habitat for Humanity office at 8177 Mechanicsville Turnpike. Area contractors are invited to drop off priced items -- such as windows, doors, countertops, cabinets, plumbing fixtures, lighting and flooring --Tuesday through Thursday. Items will be stored until the sale. On the day of the sale, contractors should bring tables, cash for change, a tent in case of inclement weather and business cards. There is no cost to participate, but you may donate a portion of your proceeds to NARI or Habitat for Humanity. To sign up, e-mail info@naricentralva.org or call (804) 641-1438. The groups are also looking for sponsors to help with advertising costs. Sponsors will be recognized on a banner at the sale." Rug for a Rug "Capel Rugs, located at 3995 Deep Rock Road in Henrico County, has partnered with Richmond Metropolitan Habitat for Humanity for its "Trade In, Trade Up" event today through Oct. 31. Shoppers who bring gently used rugs to the store will receive savings on new area rugs. Donations benefit the Richmond Habitat for Humanity ReStore. For each rug donated, shoppers will receive 25 percent off their purchase of a new area rug and a tax donation receipt from the Richmond Habitat ReStore if the rug is reuseable. The store's staff will be available to help customers unload used rugs Monday through Saturday from 10 a.m. to 6 p.m" Posted on Wednesday, October 21, 2009 - 5:32pm
Hanover Supervisors Pursue Land Use BalanceEvery five years Hanover officials review the comprehensive plan and make revisions, and it's time for that to happen again, according to The Mechanicsville Local. Some officials are concerned that the county did not grow as much as it did in the previous fiscal year. Which raises questions about what kind of future developments should occur in the county. What resources, services or products could Hanover offer that would entice people to live in the county? For now it seems county officials aren't going to make major adjustments to the comprehensive plan, but will continue to do more analyzing and discussing. Homeowners in Hanover should take note of these stats and how the Board of Supervisors is figuring out the development and agriculture land use balance because these decisions could affect property values. "The best of both worlds. In pursuit of an ideal balance, the Hanover County Board of Supervisors — upon receiving an update on the comprehensive plan — is looking at how development and agriculture coexist. Michael Crescenzo, Planning Department director, said the county had experienced a growth rate of 0.9 percent for Fiscal Year 2009 as compared to 1.3 percent in 2008 as part of a status report he presented at last Wednesday’s regular meeting. He said the estimate is based on issuance occupancy and does include the Town of Ashland." Posted on Friday, October 2, 2009 - 6:58pm
Chesapeake Bay Reports Call For More Livestock, Runoff RegulationsLast week federal officials released parts of a strategy to restore the Chesapeake Bay, according to NewsDay.com. The report focuses on expanding regulation of large-scale animal farms and municipal stormwater runoff. Although details of the expanded regulations have not been decided, the report did mention that federal leadership and "muscle" would be used when necessary to enforce the new regulations. This report, along with others wll be used to develop a bay restoration strategy scheduled for release on Novemeber 9th. Because many of the Virginia localities in the Chesapeake Watershed are heavily farmed areas, many Virginia property owners could be affected. Property owners will need to ensure that their rights are protected in the process of restoring the Chesapeake Bay. "Federal officials on Thursday began revealing the building blocks of a strategy to restore the Chesapeake Bay, using federal leadership to encourage states to cut pollution and federal muscle, when necessary, to ensure it happens. Among recommendations in draft reports from federal agencies: expanded regulation of large-scale animal farms and municipal stormwater runoff, and requirements that increases in pollution be offset by reductions from other sources. The details, such as how many more animal feeding operations would be regulated, have not been decided, but 'the message here is that there will be, there is a commitment at EPA to increased enforcement and increased oversight of state programs,' EPA Administrator Lisa Jackson said Thursday. The reports will be used to develop a bay restoration strategy, scheduled for release Nov. 9, that was mandated by an executive order issued earlier this year by President Obama. The EPA said it was working with Chesapeake Bay states and the District of Columbia to establish limits for nitrogen, phosphorus and sediments. States would have to develop detailed plans on how to reduce levels of those pollutants from sources such as farms, highways and lawns. The EPA said it would step in if states don't take sufficient action. While large operations such as industrial chicken farms would be regulated, the EPA said it would also expand regulation of municipal stormwater programs to include high-growth areas. Jackson said the goal was to use federal leadership, and 'federal muscle when necessary.' Agriculture is responsible for about half the pollution entering the bay, but Jackson noted there is more turf grass in the bay watershed than corn acreage and the region is much different from when bay restoration efforts began decades ago."
Posted on Monday, September 14, 2009 - 10:50am
Free Open Houses in Hanover will Boost Tourism
The free sessions should help to increase visits to the area and boost the local economy as visitors frequent other local businesses. This is great news for homeowners who see increased home values as the local economy is strengthened. "Free informational open houses are being offered at the historic Hanover Courthouse between the hours of 8:30 a.m. and 12:30 p.m. on the second Tuesday of each month. The Parks & Recreation Department is offering an inside look at the courthouse where Patrick Henry first gained fame in 1763. Hanover Courthouse is believed to have been built around 1737, making it the second oldest courthouse in Virginia that is still in use. The courthouse is nearly as old as the county, which was formed in 1720. In the early days, the courthouse was the center of county life. On monthly court days, the justices heard civil suits, held hearings in criminal cases and issued tavern licenses. Four court days a year were reserved for jury trials. Auctions of both real estate and slaves were held in the historic courthouse. The courthouse and its surroundings would have been crowded with people selling food and whiskey and witnesses for cases boarding overnight at Hanover Tavern next door. Court days brought people together who might not have seen one another since the last court day, and it provided a welcome opportunity for entertainment and gossip." Posted on Wednesday, September 2, 2009 - 8:38pm
'Giga-coaster' Will Go 90 mph at Kings DominionFeel the need for speed? Then head to Kings Dominion, the future home of the Intimidator 305, a giga-coaster that will go 90 mph, according to the Caroline Progress. The new ride will be the highlight of the park's larget capital improvement program ever. The expansion will help to draw more tourists to the area and boost the local economy. "Officials of Kings Dominion amusement park announced Aug. 20 the largest capital improvement program in the park’s 35-year history. It will take its riders at speeds exceeding 90 mph and almost as high as Kings Dominion’s landmark one-third scale replica of the Eiffel Tower.
Posted on Monday, August 31, 2009 - 6:13pm
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