The Federal Reserve Board has published "Innovative Ideas for Revitalizing the LIHTC Market," a collection of articles exploring ways to allow the Low Income Housing Tax Credit (LIHTC) program help more low-income renters.

The Washington Post reported yesterday that a new report published by the Urban Institute shows homeowners having difficulty making their mortgage payments are 60 percent more likely to avoid foreclosure if they receive homeownership counseling than those who do not.

Those receiving counseling are also 60 percent more likely to have their mortgage payments lowered "significantly."

VHFA's Social Responsibility Committee is holding a food drive, which wraps up today.

It benefits the Food Shelf’s Grocery Distribution Program, which provides a five-day supply of food support once a month to approximately 1,872 families/households.

A recent study by the National Association of REALTORS (NAR) shows first-time homebuyers reached their highest market share on record during the past year.

The number of first-time buyers rose to 47 percent of all home sales, up from 41 percent in the previous year's study.