VHC Holds its 2nd Annual Virginia Housing Credit Conference

Senator Warner speaks on Housing Finance Reform and the future of the Housing Credit at the conference.

Senator Warner speaks on Housing Finance Reform and the future of the Housing Credit at the conference.

Earlier this month, VHC held its 2nd Annual Virginia Housing Credit Conference at The Westin in Richmond.

Here’s a quick look at the conference by the numbers:

Attendees: 315
Number of Nuts and Bolts attendees: 115
Sponsors: 35
Speakers: 51
Breakout Sessions: 12
Number of Exhibitors: 16
US Senators in Attendance: 1
Punch lines in David Smith’s Presentation: 23
Conference Tweets: 25 (its a start…)
Virginia Wine and Cider Winners: 45
Moderators dressed in Shark Suits: 1
Networking Meet-Ups: Too many to count

Click here for copies of the presentations from the breakout sessions and for our 2014 Housing Credit Directory

Click here to see pictures from the conference

Join us for VHC’s 2014 Housing Credit Conference in Richmond

2014Credit Conf graphic

 

The Virginia Housing Coalition is pleased to present Virginia’s 2nd Annual Housing Credit Conference on September 3rd-4th at the Westin Hotel in Richmond. This conference will give tax credit professionals of any experience level the information and training that they need to create stronger proposals and more sustainable projects. The conference is aimed at for profit and non-profit developers, lenders, investors, lawyers, accountants, market analysts, appraisers, consultants, planners, architects, housing authorities, and local governments – just about everyone who works in or with the Housing Credit program. The purpose of the two day event is to educate and inform new and current tax credit practitioners about the latest developments in the program and trends in Virginia. Conference participants will also have opportunities to network during the conference, giving them the chance to share perspectives and strengthen their business relationships.

Click here to learn more about the conference and register to join us

Click Here to View the Credit Conference Agenda

VHC Annual Awards Luncheon Photos

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Home Matters for Virginia

We are excited to release our Home Matters for Virginia report on Affordable Housing! VHC has produced this report in support of Home Matters (www.HomeMattersforAmerica.com), a national movement to make Home a reality for everyone by elevating the importance of Home’s impact on people’s health, education, personal success, public safety, and the economy.

This report is full of data on the Affordable Housing crisis in Virginia and the efforts that have been made and can be made to solve this problem. We hope to use this report to show residents, legislators, and anyone interested in Virginia that Affordable Housing is linked to many other issues and is truly lacking in our state.

Our goal is to get this report in the hands of every member of the general assembly in the next 6 months, so take a look (by clicking the photo below), ask us for a copy, and spread the word!

Home Matters VA Cover

VHC releases 2014 Out of Reach report, Virginia remains the most expensive state in the Southeast to rent

Today, VHC released its Out of Reach 2014 report for Virginia jointly with the National Low Income Housing Coalition. NLIHC’s annual report provides the Housing Wage and other housing affordability data for every state, metropolitan area, combined non metropolitan area, and county in the country. The Housing Wage, is the hourly wage a family must earn, working 40 hours a week, 52 weeks a year, to be able to afford the rent and utilities for a safe and modest home in the private housing market.

Here are some highlights from this year’s report:

  • Southeastern US - 2014Renters in Virginia need to earn $20.93 per hour in order to afford a basic apartment. The typical renter in Virginia earns $15.97 per hour, which is $4.96 less than the hourly wage needed to afford a modest unit (housing wage).
  • The Housing Wage in Virginia is over two dollars more than the National Housing Wage of $18.92.
  • Virginia has the highest Housing Wage among all of the states in the Southeast (see image at right) and is the 10th least affordable state in the nation.
  • Working at the minimum wage in Virginia, a family must have 2.9 wage earners working full-time, or one full-time earner working 115 hours per week to afford a modest two-bedroom apartment.

Click here to view the full report that includes maps showing how the housing wage, varies across the state, percent of renters that can afford a modest unit in different localities and the number of hours a worker would need to work at minimum wage to afford a modest unit among other affordability metrics.

Click here for the 2014 affordability data from NLIHC for each metropolitan area and county in the state.

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