Help your Virginia Community with Grants
Do you like to help your community? Virginia community development
DHCD
Do you want to work with community development?
Then the Virginia Department of Housing and Community Development V(DHCD) has many GRANT PROGRAMS available for builders, entrepreneurs, city managers, and community developers through the next few months.
Affordable and Special Needs Housing
Through the ASNH Program, DHCD fills gaps in financing to make possible the creation and preservation of affordable housing for low income Virginians and low income Virginians with special needs. While these programs are statewide the program gives priority to projects located in areas not receiving a direct federal HOME allocation through a local PJ or HOME Consortium.
DHCD reviews applications for funding quarterly. DHCD application reviews will be based on applications submitted through CAMS prior to the following deadline June 30, 2013
ARC Access Road
The ARC Access Road program is primarily intended to serve industrial and commercial areas by facilitating economic development projects tied to measurable, tangible outcomes. Access Road funds may be used for preliminary engineering, right-of-way and/or the initial construction. ARC funds are generally not available for resurfacing / rehabilitation, upgrading and/or safety improvements on roads.
More information can be found at: http://www.dhcd.virginia.gov/CommunityDevelopmentRevitalization/Appalachian_Regional_Commission_Program.htm.
Deadline June 28, 2013.
Building Entrepreneurial Economies
Performance Grants will provide resources to microbusiness development organizations (MDOs) that deliver services to micro entrepreneurs. The grants are designed to offset some of the expenses related to the high staff contact time required to work effectively with micro entrepreneurs and for providing additional resources for training, technical assistance and micro financing to Virginia’s microbusinesses.
MDOs must register during the annual open enrollment period (June 1-28) to qualify for performance grant funding in the following contract year (July 1-May 31). MDOs may report all outcomes occurring between July 1-May 31 of the contract year.
deadline June 28, 2013
CDBG Planning Grants
Virginia’s CDBG Planning Grant program is designed to aid in developing clearly articulated strategies for addressing community’s greatest community development needs following meaningful citizen participation. A locality interested in obtaining Planning Grant assistance must submit an Interest Letter in accordance with format developed by DHCD.
Visit CDBG Program Design for more information. Deadline Sept 30,2013
Community Development Economic Development Fund
The Community Economic Development fund is designed to support economic development activities, particularly those creating employment opportunities for low- and moderate-income persons, in eligible localities.
Proposals will be received on an open basis from January through September. Assistance is limited to projects involving employment creation by private, for-profit basic industries. Assistance may include off-site improvements such as water lines, sewer lines, roads, and drainage. On-site assistance may be eligible in some projects, but these projects are subject to underwriting and the CDBG assistance will be made available as a loan to the locality. This loan must be repaid.
Visit the CDBG Program page for more information. Deadline Sept 30th, 2013
Community Development Local Innovation
This program provides funds to implement new, innovative, small-scale pilot projects. Examples of types of Innovation Program funding are:
•Individual Development Account programs;
•Loan funds to support Economic Restructuring activities;
•Entrepreneurship Development
•Heritage Tourism projects
•Telecommunications projects
•Sustainable community development efforts.
For more information visit the CDBG Program page. Deadline Sept 30th, 2013
Virginia Enterprise Zone Designation – 2014
There are currently four Enterprise Zone designations available due to the upcoming expiration of the following zones; City of Alexandria, Chesterfield County, Town of Rocky Mount, and Pulaski County. As a result, the Department of Housing and Community Development (DHCD) is holding a competitive application process to fill these vacant positions. The new zones will be designated January 1, 2014. The application process is open to all cities and counties; however, the program is targeted towards economically-distressed localities. As of 2005, Towns seeking designation must be included within the boundaries of applying counties.
Please review the attached application instruction manual and read the entire application before beginning. If you have questions on completing the application, please contact the following program administrator:
Lauren Fink
804-371-7121
Lauren.Fink@dhcd.virginia.gov Deadline Sept 28th, 2013
Urgent Need Community Development Block Grant (CDBG)
CDBG funding is available to eligible localities on an open submission basis to enable prompt response to existing serious and immediate threats to local health and safety. Up to $700,000 of CDBG funding is available per project. Projects are intended to primarily benefit low- and moderate- income persons.
Eligibility
•The proposed project must alleviate existing conditions which pose a serious and immediate threat to the health and welfare of the community;
•The conditions developed or became urgent within 18 months of the date the proposal is submitted;
•The applicant locality is unable to finance the project on its own, no other funding is available to address the problem, and the CDBG funding will be directly targeted towards alleviation of the threatening conditions; and,
The threat must be supported by either:
A current declaration of an emergency by the Governor of Virginia relative to a flood, a hurricane, a tornado, an earthquake, or other disaster event, not including droughts, snow, or ice conditions.
OR
A current declaration of an immediate and severe health threat by the State Commissioner of Health relative to the complete failure of a public water or sewer system or incident of similar significance.
CDBG assistance will generally only be made available to projects which consist only of activities in support of long-term recovery. CDBG assistance will generally not be made available to projects with public facility failures resulting from neglected maintenance by a locality.
Vist the CDBG Program page for more information. Deadline October 31st, 2013
For more info on all these programs and future opportunities visit http://www.dhcd.virginia.gov/
THE NORTHERN VA REAL ESTATE LADY!
Call me to buy a home in any DC Metro area of Northern VA, areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.
“I can dream alone, build alone and strive alone, but true Northern Va homes for sale
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Northern VA Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker
Realty Direct McLean, VA Ashburn, VA
djoneshomes@gmail.com
download my mobile app http://87778.mobi/DEANDREA
or text DEANDREA to 87778
Home Loan Myth Buster Special programs for Most
There is a myth that federal, state, and special home buying programs are for low income people.
FALSE….. Many can qualify for these programs based on many different factors ………….
FACT Many home buyers in VA, DC and MD can benefit from special programs!
VHDA, DCHD, RE-development programs, rehab loans, Home Path, Hud, USDA, Conv 3% (yes it exist), Homeowners choice, Active duty loans, Teacher, doctor, and police officer programs…………………..
If you owned a home before but have not made a new purchase in the last 3 years – you may qualify for many programs as a first time buyer.
Of course if you are a first time buyer you should be looking for these programs.
For info on finding a loan officer that specializes in one of these special loans contact me and visit my website Today!
THE NORTHERN VA REAL ESTATE LADY!
Call me to buy a home in any DC Metro area of Northern VA, areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.
“I can dream alone, build alone and strive alone, but true 
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Northern VA Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker
Realty Direct McLean, VA Ashburn, VA
Follow Me Online 
No Money Down loan programs
For those of you who are members of Navy Federal Credit Union
They have an excellent program for home buyers called the Home Buyers Choice Mortgage 
With 100% financing for purchases, a Home Buyers Choice Mortgage is ideal for first-time homebuyers.
- No down payment required
- Fixed-rate terms available
- No Private Mortgage Insurance (PMI) required
- Seller contribution up to 6% allowed
- Jumbo loans amounts available up to $1,000,000
- Refinance options also available (maximum loan-to-value 97%)
They also have an alternative to A VA loan called Active Duty Choice
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Both programs are a great way to get in a home with no or little money down payment and no closing cost. We can negotiate for the seller to pay closing cost for you. Give me a call if you would like to know how to get started with these programs……………….
The Northern VA Real Estate Lady
THE NORTHERN VA REAL ESTATE LADY!
Call me to buy a home in any DC Metro area of Northern VA, areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.
“I can dream alone, build alone and strive alone, but true
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Northern VA Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker
Realty Direct McLean, VA Ashburn, VA
Follow Me Online
The difference between short sales, foreclosures, and resale homes for sale
Are you wondering what is the difference between Foreclosures, Short Sales & Resale Homes For Sale?
Foreclosures- Take on a variety of types also termed Bank properties or REO real estate owned, this means a borrower has failed to make payments and the mortgage company has taken the property back. In some states a borrower has the right to redeem their property before it is sold to a new buyer (such as in VA) and some states allow a borrower to come back after a foreclosure sale to redeem their property. Depending what state you are in find out the rules………… Bank Properties/Foreclosures can be sold in a variety of ways from on the court house steps, through auctions, through online bidding, or thru brokers in the MLS (multiple listing service). Usually in most cases the property is to be sold as is with no disclosures.
Short Sales- A current owner needs to sale there home but owes more on their current loan balance then the property is worth. They negotiate a deal with bank to sell the home for less than they owe. The difference between the current loan balance and the new excepted price is called a deficient amount. The bank can agree to wave the deficient amount or depending on a owners assets the bank can ask for a deficiency judgment. This is usually a negotiated amount between Owner and Bank for lower than deficient amount. For buyers this can give you a chance to buy a home you normally could not afford. But becareful of teaser sales prices-often agents price short sales low to attract an offer. A Bank usually wants a fair percentage based off current market value. If you need closing cost assistance this may end up being a hurdle because there is NO equity in the home so if the bank says No and seller can’t pay it- your deal will be in the toilet…………
Resale homes means a current real person seller exist. This seller can occupy the home or not occupy the home. It can be an investor or Flipper or a regular owner.
Be careful of flipped homes – just because it is remodeled does not mean it has been done correctly. Resale homes giv the buyer a chance to negotiate the small stuff, closing cost, repairs, home inspections, closing periods, Home Owners association or condo paperwork, or posession agreements. These little things often call contingencies and are usually not allowed in the negotiations for foreclosures and can be limited in short sale transactions.
Your loan type can dictate which properties you can choose from. Certain loans must meet minimum property standards for the lender to give the money. If you do not know which route you should look at give me a call and I can help guide you thru the process.
THE HAMPTON ROADS REAL ESTATE LADY!
Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.
“I can dream alone, build alone and strive alone, but true
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Hampton Roads Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker / Recruiting Sales Manager Peninsula
Blu Skyy Realty Virginia Beach, VA
I am always looking to recruit fabulous fulltime agents Now recruiting for: Peninsula Hampton to Williamsburg areas, we give you high quality leads!!!! If you are ready to make this your best year ever- Contact me for more info.
Ready to leap into buying a home this leap year!
Sitting on the fence wondering if you should buy a home. Take the Leap of faith.
With interest rates starting at 3.75% and up and the best inventory in years it would be ashame to let the opportunity slip by you. 
First – Leap into getting pre-approved- through a reputable lender that will supply you with a copy of your tri-merge credit report. Be sure to address any errors, problems, or discrepancies up front.
Second – Decide on your needs vs wants and develop your search criteria (bedrooms, baths, amenities, etc…). This may include creating a reasonable well thought out budget for your new home payment (PITI- principal, interest, taxes, and insurance) and try paying yourself that payment for a few months to see if you can handle it. Do not forget to budget for maintenance and unexpected repairs.
Third – CONTACT ME and lets go house shopping!!!!
THE HAMPTON ROADS REAL ESTATE LADY!
Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.
“I can dream alone, build alone and strive alone, but true
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Hampton Roads Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker / Recruiting Sales Manager Peninsula
Blu Skyy Realty Virginia Beach, VA
Buying a Condo with FHA Financing then Listen UP
VA Realtors have a new tool they can use to check for FHA approved condo complexes.
VAREALTOR.com/condocheck enter zip code or city state and get your answers
In May 2011 every condo complex was de certified and forced to reapply for FHA condo certification status. We are finding most became re-certified but a few have not. What ever the reason according to the Virginia Association of Realtors, “the end result is that buyers who want a unit in the un-certified condos are ineligible for FHA financing-something many seller don’t discover until late in the process when they learn that their pool of prospective buyers has shrunk considerably….and because the certification process can take months deals fall through. “
Buyers if you are planning to use FHA financing have your agent check the status of the complexes you want to view preferably before your first initial visit.
For a condo to meet FHA loan guidelines it must:
At least 50% of the units must be owner occupied
Have specific Insurance coverage
No more than 25% of the property’s total floor area can be used for commercial purposes ( so mixed used developments will not usually qualify)
No more than 10% of units can be owned by more than 1 person or entity.
No more than 30% can be financed by FHA
No more than 15% of the total units can be delinquent on their dues more than 30 days past due.
At least 50% of unit in complex sold. (Can not have more than 50% vacancy)
Must maintain a budget with sufficient funds for maintainace of the common areas and required condo project.
If you are interested in buying a condo, condo complex or single family home zoned condo in Hampton Roads then contact me.
THE HAMPTON ROADS REAL ESTATE LADY!
Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.
“I can dream alone, build alone and strive alone, but true
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Hampton Roads Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker / Recruiting Sales Manager Peninsula
Blu Skyy Realty Virginia Beach, VA
Saturday Free Homebuying Class with Lunch Greenbrier Chesapeake
FREE Home buying Classes for first time home buyers in Hampton Roads, VA!!!!!!!!
Sat Feb 11th, 2012 930-230pm- LUNCH INCLUDED -
Greenbrier Chesapeake Library Meeting Room
1214 Volvo Parkway, Chesapeake, VA 23320 Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, a home inspector, and a title agent, on hand to give you valuable information and answer your questions.
If you are serious about buying a home in 2012 then this class is designed for you. This class will fullfill VHDA, SPARC, and community development education requirement.
Find out how to get preapproved to buy, how to make an offer, and what to expect in the closing process.
A pizza lunch is included!
Call, text, or email TODAY to RSVP, leave name and phone number.
Must RSVP to Dee Dee Jones 757-831-8294 call, text, or email djoneshomes@gmail.com
Real Estate Investing Think big like the big wigs
3 Virginia Beach Real Estate Stocks were voted best stocks according to StockScounter’s February report.
Real Estate Investing
The Scouter score is based on how the stock performs in the following criteria: business fundamentals, price behavior, valuation and stock-ownership characteristics appear to predict a rising price in the coming weeks, based on how those factors have influenced stock prices in the past. REIT’s- are usually formed to finance luxury condo and apartment ventures, strip malls, shopping malls, and commercial buildings that generate income from rents.
Real Estate investment Trust (REIT)- according to Wikepedia- a REIT is a company that owns, and in most cases operates, income-producing real estate. Some REITs finance real estate. To be a REIT, a company must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends. This is a great way for the girl next door to buy a piece of the shopping mall down the road or gain a profit from the high rise being built down the street. Why not own your condo and a peice of the whole block. When investing in a REIT -you need to think big.
Looking for a place to invest those tax refunds, research more about these stocks. And if all else fells call me to buy a home, condo, or investment property.
The 3 Virginia stocks that topped the list were:
| Company
Digital Realty Trust (DLR +0.21%, news) |
Sector
Real estate investment trust |
Jan price
$70.86 |
Score
10 |
| Avalonbay Communities (AVB +0.95%) | Real estate investment trust | $136.01 | 10 |
| Virginia Commerce Bancorp (VCBI +3.83%, news) | Banking | $8.86 | 10 |
THE HAMPTON ROADS REAL ESTATE LADY!
Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.
“I can dream alone, build alone and strive alone, but true 
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Hampton Roads Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker / Recruiting Sales Manager Peninsula
Blu Skyy Realty Virginia Beach, VA
Norfolk Military ERB Sailors scramble to figure out what to do with their homes
In the last few weeks since Christmas I must of had a dozen calls from Hampton Roads Navy 
personnel who received pink slips and are now scrambling to figure out what to do with their homes. Many Norfolk Sailors who were let go as a part of the Navy’s enlisted retention boards layoffs are now trying to figure out what is next for them. If you have not heard Navy.mil reported that “a total of 2,947 sailors were given pink slips by the Navy late last year as part of an effort to reduce personnel in 31 overmanned ratings.”
Sources told the Navy Times that only a fraction of those sailors — roughly “300 to 350” will actually qualify to retire through the 15-year option. So if only roughly 300 sailors who were cut through the fleet’s enlisted retention boards will receive the new, early 15-year retirement option recently approved by Congress. What happenes to the other 2600 if they can not find new employment?
These are a few of the questions I have had
1. How do I sell a home that is worth less than my mortgage balance?
2. How do they pay their mortgage or even rent a home with no employment?
3. How can they find out if they will qualify for a short sale?
4. If they took the Tax credit and it hasn’t been three years do they have to pay it back or pay taxes on it?
This is just a few questions ERB Sailors will be asking me and others as their official departure day draws closer.
I
spoke to one sailor who said “When reenlisted in the Navy I thought my contract would be honored for the 4 years I re-listed for and I planned my life and bills accordingly. I never thought I would be forced out and amongst the unemployed.”
I spoke to another sailor that says ” My only hope for employment is to leave the area I must consider selling my current home even if it means as a short sale.”
Most bought their home with a VA loan but each lender and loan type has its own guidelines for short sales so it is not a 1 + 1= 2 situation
If you are a ERB sailor needing to sell your current home give me a call and lets discuss your options.
THE HAMPTON ROADS REAL ESTATE LADY!
Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.
“I can dream alone, build alone and strive alone, but true 
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Hampton Roads Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker / Recruiting Sales Manager Peninsula
Blu Skyy Realty Virginia Beach, VA
Free Home buying class with Lunch Chesapeake
FREE Home buying Classes for first time home buyers in Hampton Roads, VA!!!!!!!!
Sat Feb 11 th,2012 930-230pm- LUNCH INCLUDED -
Greenbrier Chesapeake Library Meeting Room
1214 Volvo Parkway, Chesapeake, VA 23320 Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, a home inspector, and a title agent, on hand to give you valuable information and answer your questions.
If you are serious about buying a home in 2012 then this class is designed for you. Find out how to get preapproved to buy, how to make an offer, and what to expect in the closing process.
A pizza lunch is included!
Call, text, or email TODAY to RSVP, leave name and phone number.
Must RSVP to Dee Dee Jones 757-831-8294 call, text, or email djoneshomes@gmail.com
THE HAMPTON ROADS REAL ESTATE LADY!
Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.
“I can dream alone, build alone and strive alone, but true 
success always requires the help and support of others.
Please send me your referrals.”
Visit my website today,
The Hampton Roads Real Estate Lady!
Deandrea “Dee Dee” Jones
Associate Broker / Recruiting Sales Manager Peninsula
Blu Skyy Realty Virginia Beach, VA
