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As part of the Neighborhood Stabilization Program (NSP), Loudoun County
is offering a new Rental Rehabilitation Program (RRP), which provides
for the rehabilitation of previously foreclosed homes in designated NSP
neighborhoods. The purpose of the RRP is to rehabilitate substandard
rental housing units and create affordable housing.
Advocacy
Recently in News and Updates
March 8, 2010
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On Wednesday, February 17th, the Loudoun County Board
of Supervisors voted to enact the Limestone Overlay District which
alters the way property owners use their land on over 14,000 areas north
and south of Leesburg. Don't miss out on important information regarding how the new
regulations affect land use and notices in deeds, site plans, tax and
subdivision records.
Loudoun County's new Public Employee Homeownership Grant Program offers
a grant of a secured loan to income-eligible employees of the Loudoun
County Government and Loudoun County Public Schools. The program
assists low-to moderate-income public employees in purchasing a home in
Loudoun County.
December 16, 2009
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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, including DAAR, as part of the process.
November 12, 2009
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The Virginia Housing Development Authority (VHDA) announced the availability of below market rate loans under the SPARC program (Sponsoring Partnerships and Revitalizing Communities) for first-time homebuyers who meet VHDA eligibility requirements. The funds, available through June 30, 2010 or until expended, are administered by the Loudoun County Department of Family Services. Sales price and income limits apply.
November 9, 2009
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Experts from the Washington Airports Task Force and Loudoun County Zoning teamed up to provide members with an excellent presentation on land use compatibility near the Dulles airport this month. Anita Kayser, Director, Washington Airports Task Force, and Mark Stulz, Loudoun County Zoning, discussed the Homebuyers Guide to Compatible Land Use Around Dulles Airport, Airport Impact Overlay District disclosure and awareness tools for homebuyers and property owners. For more information, click here for the presentation. Special thanks to Vic Herman, Metlife Home Loans, for sponsoring this month's DAAR Lunch Matters.
DAAR is working with the Loudoun Times Mirror in producing a weekly column in the Homes section and is pleased to offer members an opportunity to write for the column to showcase their expertise. Writers will be asked to produce a 350 word piece periodically on topics related to homeownership such as preparing for open houses, tips for pricing your home, mortgage lending, staging, renovation financing, budget basics, sprucing up a home's exterior, moving tips, home inspections, etc.
September 25, 2009
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In response to growing consumer demand for green homes and building practices in Loudoun County and the Northern Virginia area, we are pleased to present the DAAR Green Real Estate Tool Kit comprised of resources for REALTORS® and consumers who wish to Go Green! REALTORS® will find resources on educational opportunities to work with this growing market.
September 4, 2009
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Mark your calendars for the 2009 DAAR Economic Summit and Annual Meeting scheduled for Friday, October 30th from 8:00 a.m. - 11:30 p.m. at the Loudoun County School Administration Building in Ashburn. A panel of top experts will discuss national, regional and local market trends and projections for 2010 and beyond. Speakers include John McClain, Senior Fellow, George Mason University's Center for Regional Analysis, Greg Stratton, Research Economist, National Association of REALTORS® and Rosemary deButts, DAAR's Housing Market Consultant. Registration fee ($20 for members/$25 for non-members) includes breakfast. Sign-up today!
August 26, 2009
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On August 20, 2009, Freddie Mac confirmed in writing that its servicers are not allowed to renegotiate short sales commissions. According to the policy, as a condition of the servicer's acceptance of a short sale offer, servicers cannot renegotiate the sales commission below the amount agreed to by the real estate broker and the seller/borrower. However, if the negotiated commission exceeds 6 percent, servicers are required to limit it to 6 percent. This Freddie policy is consistent with Fannie Mae's policy. NAR has asked Freddie to establish an appeals process for cases when servicers refuse to comply with Freddie Mac's policy.
