HUD Releases 3-Year Study of Strategies to End Family Homelessness

(RECAP: When a family with children seeks emergency shelter, there are a number of interventions to address their homelessness. Today, the U.S. Department of Housing and Urban Development (HUD) released the results of an exhaustive study to identify the most efficient and cost-effective ways to house and serve these families. After tracking more than 2,200 families over a three-year period, HUD found that a long-term subsidy, typically a Housing Choice Voucher, led to far better outcomes for reducing family homelessness and improving family well-being.)

Powered by WPeMatico

RE/MAX getting into the mortgage business; launches Motto Mortgage

(RECAP: On Tuesday, RE/MAX announced it is launching Motto Mortgage, a mortgage brokerage franchise that the company plans to take nationwide. “Motto Mortgage will open mortgage franchises throughout the U.S. increasing competition in the industry, resulting in more choice and a better experience for consumers,” the company said. “Its loan originators will work with real estate offices so that agents can help homebuyers obtain the mortgage loans that best fit their individual needs.” RE/MAX claims that by placing Motto Mortgage franchises within RE/MAX offices, it makes a right “one-stop shop” for homebuyers. RE/MAX notes that Motto Mortgage loan originators “will not be bound” to the loan products of any specific lenders and will have “access to quality loan options from various sources.”)

Powered by WPeMatico

City, county planners briefed on Woolen Mills rezoning proposal

(RECAP: Albemarle and Charlottesville plotting commissions had the opportunity Tuesday for a joint discussion on a redevelopment project that could help the two communities realize a goal of improving the area’s connections with the Rivanna River. Developer Brian Roy is seeking a rezoning that will allow for an adaptive reuse of the historic Woolen Mills building located within a landlocked section of Albemarle County. The project immediately borders the city of Charlottesville, and a rare joint meeting was held so both plotting commissions could hear directly about Roy’s plans to have the area rezoned from light industrial to commercial use. Roy wants to build 100 residential units, or about 22 units per acre. An additional special-use permit would be needed for residential use.)

Powered by WPeMatico