(RECAP: Fannie Mae is reminding those impacted by Hurricane Florence of the options available for mortgage help under Fannie Mae’s guidelines for single-family mortgages.

*Homeowners impacted by Hurricane Florence are eligible to stop making mortgage payments for up to 12 months, during which time they will not incur late fees during this temporary payment break, and will not have delinquencies reported to the credit bureaus.

*Servicers are authorized to suspend or reduce a homeowner’s mortgage payments immediately for up to 90 days without any contact with the homeowner if the servicer believes the homeowner has been affected by a disaster. Payment forbearance of up to 12 months is available in many circumstances.

*Servicers must suspend foreclosure and other legal proceedings if the servicer believes the homeowner has been impacted by a disaster.)

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(RECAP: Perhaps the most surprising feature of Watkins Centre Apartments is the fact that 40 apartments, or 20 percent of its 200-unit first phase, will be restricted to households making less than $66,560 a year. The restriction is necessary for developer Castle Development Partners to take part in the Virginia Housing Development Authority’s mixed-income program. “The program gives us longer-term financing and construction permitting financing that allows us to lock in interest rates when we start construction,” says Andrew McGinty, a principal at Castle. “It takes a lot of the interest rate risk out of the equation.”)

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(RECAP: City public officials broke ground on a combined affordable housing development and homeless shelter in Ancient Town on Aug. 29. The development, known as The Bloom, will be located a few blocks northeast of the Braddock Road Metro station. It’ll include Carpenter’s Shelter, a nonprofit 60-bed shelter and human services provider.)

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