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Detailed guidance on the federal government's plan to provide short-term loans to borrowers using the First-Time Homebuyer Tax Credit was announced this week. The short-term loan program, which would effectively monetize the first-time homebuyer tax credit by permitting eligible lenders to make bridge loans collateralized by the borrower's expected tax credit, was announced by HUD Secretary Shaun Donovan at the NAR Real Estate Summit earlier in the month.
Advocacy
May 2009 Archives
Earlier in the year, the Loudoun County Board of Supervisors (BOS)
voted to move forward with the implementation of portions of the Chesapeake Bay Preservation Act and directed county staff to develop a work program for development and enactment of the associated regulations. The proposed regulations aim to reduce pollution runoff into the Chesapeake Bay by implementing certain restrictions on agriculture and other land uses. The BOS further directed that the Planning Commission work with
stakeholders groups as part of the process.
May 8, 2009
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Recently the Loudoun County Board of Supervisors authorized the establishment of a volunteer sign collection program to remove illegally placed signs within the Commonwealth of Virginia's right-of-ways located in the county. The Code of Virginia (33.1-373; 33.1-375) prohibits advertising within the limit of any highway, which includes the roadway, shoulders and median strips. Penalties for placing illegal signs can include removal of advertisement, fines and paying for the cost of removal.
May 7, 2009
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During the Board of Supervisors (BOS) regular business meeting on Tuesday, May 5th, Supervisors voted to further study a proposal by Supervisor Burton (Blue Ridge) to require a performance and maintenance bond to ensure proper installation of non-conventional septic systems and for the repair and replacement of the system for a period after installation.
