Virginia Center for Housing Research Projects

The Impact of Energy Efficient Design and Construction on LIHTC Housing in Virginia (2015)

The LIHTC Program is the primary federal housing program designed to create rental housing that is affordable to families and seniors with low and moderate income. Under the program, private investors in affordable rental housing receive a tax credit as an incentive for investment. The program serves families and seniors with incomes up to 60 percent of the area median. In 2014, 60 percent of the area median income was $46,500 for a family of four. The program produces over 100,000 apartments every year nationally and approximately 2,000 per year across Virginia.

Appraising Appraisals: Remuneration for Real Estate Appraisals in Virginia (2013)

This project surveyed Virginia real estate appraisers and resulted in the third report of its type to be conducted in the United States and the first in Virginia. The survey was conducted by the Virginia Center for Housing Research and the Virginia Tech Program in Real Estate in the spring of 2014 and focused on fees paid for residential real estate appraisals in Virginia in 2013.  The survey was conducted in response to recent amendments to the Truth in Lending Act modified by the Wall Street Reform and Consumer Protection Act (also known as Dodd-Frank) that require lenders to pa

Housing Needs Study of the Northern Neck of Virginia (2009)

The Northern Neck of Virginia is an area comprised of four rural coastal counties between the Potomac and Rappahannock Rivers, Highway 301 and the Chesapeake Bay: Lancaster, Northumberland, Richmond, and Westmoreland. Population growth overall is and has been essentially flat for some time, growing by 5,200 people from 1990-2000 (11.2%), and slowing from 2000-2008.

Assessing Housing and Redevelopment Strategies Portsmouth, Virginia (2007)

Located southeast of the Richmond metropolitan area in the Tidewater region of Virginia, Portsmouth, VA is one of the sixteen jurisdictions that comprise the Hampton Roads Region.  This region, also known as the Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area1 (which we refer to in this report as the Virginia Beach MSA or simply MSA), has experienced significant population and economic growth in recent years. This growth, however, has not always been uniformly distributed throughout the region.
 

Housing Demand Analysis Northampton County, Virginia (2007)

This report assesses the demand for affordable housing in Northampton County, Virginia.  The assessment includes an analysis of the gap between the supply of affordable housing and the demand (or need) for such housing as of April 1, 2000 utilizing special tabulations of Census 2000 data; an assessment of post-2000 growth trends; projections of housing demand for 2010 and 2020; and a discussion of strategies to promote the development of affordable housing.   
 

Housing Needs and Market Analysis Thomas Jefferson PDC (2006)

The need for affordable housing in the Thomas Jefferson PDC is a consistent theme throughout this report. The Charlottesville MSA had the second highest median gross rent as a percent of household income in 2005 (31.7%) of all MSA’s in Virginia1. The monthly median gross rent in 2005 for the MSA was $814, and we estimated median gross rent of $871 for two bedroom apartments on the market in January 2006 in the PDC. In 2005, the median house value was $225,500 for the Charlottesville MSA and as of the second quarter of 2006, the median home sales price for the PDC was $265,000.

Augusta County, Virginia Assessment (2005)

This report uses several geographic terms which bear some explanation.  The most frequently used geographic areas, census tracts and block groups, are United States Census Bureau designated areas.  The County is divided into twelve census tracts, ranging in population from 1,269 to 9,474 (2000 populations).  Census tracts are made up of several block groups.  This report also refers to magisterial districts.  These areas are both Census areas called “County subdivisions” and the voting magisterial districts for the County.  Magisterial districts are

Housing Market Conditions and Housing Needs in the City of Chesapeake, Virginia (2005)

The City of Chesapeake grew rapidly during the 1980s and 1990s and will continue to grow into the foreseeable future. Although the rate of increase in population and housing demand is likely to slow somewhat, we project an increase in housing demand of 13,000 units during the current decade and another 10,500 units between 2010 and 2020. This includes 10,260 owner occupied units and 2,656 renter occupied units between 2000 and 2010, followed by increases of 8,487 owner occupied units and 2,025 renter occupied units between 2010 and 2020.   
 

Homebuyer Market Analysis for the Virginia Beach Metropolitan Area (2005)

The Norfolk-Virginia Beach-Newport News Metropolitan Statistical Area (MSA), popularly known as the Tidewater region, is the 30th largest metropolitan area in the United States and is one of the few metropolitan areas that are not dominated by a large central city. The geography of the area has traditionally promoted a pattern of decentralized growth along the region’s multiple rivers and the mouth of the Chesapeake Bay, which have promoted multiple nodes of commerce and shipping.

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