Category Archives: Apartment Loans

Pence Aide Says ‘Principles’ for GSE Reform Likely in Coming Months

Posted on by

(RECAP: Overhauling Fannie Mae and Freddie Mac is a financial regulation priority for the Trump administration, Vice President Mike Pence’s chief economist said Tuesday, adding that “a set of principles” will likely emerge in the coming months. Officials are examining “what role Fannie and Freddie currently play” in the mortgage market, he said, emphasizing that taxpayers should “never again” bail out the government-sponsored enterprises.)

Powered by WPeMatico

Historic William Byrd Senior Apartments in Richmond gets a major redo

Posted on by

(RECAP: The William Byrd Senior Apartments, located in a historic building that opened as a hotel in 1925, is seeing better days. The 11-tale high-rise for low-income seniors at 2501 W. Broad St. across from the Science Museum of Virginia has emerged from a yearlong, $5 million renovation. A ribbon-cutting celebrating the renovation will be today.)

Powered by WPeMatico

More than $18 million in grant money that could be cut, funds current projects in Southwest Virginia

Posted on by

(RECAP: President Donald Trump’s proposed budget could save the country $3 billion, but it is at the expense of community development block grants. Trump says the grant money is not demonstrating results, so News 5’s Kristi O’Connor went to find out if that is the case in our area. In Marion, programs that are partially funded by block grants have resulted in 27 new businesses, more than 100 new jobs, and 50 new affordable houses.)

Powered by WPeMatico