(RECAP: The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed a solution that helps banks get more buyers into homes. The program – provided by Atlanta-based Down Payment Resource – is the nation’s only database of homeownership programs and software that automates the process of matching eligible buyers and properties to available programs. Prior to awarding the endorsement, ABA conducted a due diligence review to investigate Down Payment Resource’s ability to provide financial institutions with a one-stop digital solution for sourcing live, up-to-date information about down payment help, grants, closing costs, Mortgage Credit Certificates and more. DPR works with more than 1,000 housing agencies to find and update information about local, state and national homebuyer programs.)

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(RECAP: Developers have went a step closer to their vision of reshaping the Grace Street corridor with a mixed-use development that could cost as much as $100 million. The Richmond Plotting Commission approved the sale of city-owned land across from the Carpenter Theatre, an L-shaped parcel encompassing most of the block between Grace, Franklin, North Sixth and North Seventh streets. If City Council approves the plot Monday, the 1.6-acre site will be sold to City Center Development LLC for $3.95 million. Requirements for the sale include providing at least 800 parking spaces, with 600 available to the public, 28,000 square feet of ground-level retail space and 372,000 square feet of residential or commercial space — or a combination. The first phase of parking and retail must be completed within 20 months, and the second phase within five years. Residential use or such commercial projects as a hotel are still being considered. The project also could include one tower or two.)

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(RECAP: HUD today unveiled the Community Assessment Reporting Tool (CART) – an innovative reference and mapping tool made to help answer the question, “How is HUD investing in my community?” CART provides a snapshot of HUD investments across a community, cutting the time it takes to generate this information from several business days to minutes. CART uses geospatial technology to show the wide variety of HUD investments by city, state, county, metropolitan area, or congressional district. It also provides an interactive mapping interface that allows users to explore HUD investments within their community and see property- and grant-level detail at a variety of geographies.)

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