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Housing In Virginia
Housing in Virginia comes in a wide variety of forms, from Single-family detached home, single-family homes to Apartment, apartment complexes. The rate of home ownership in the Commonwealth of Virginia was measured at 69.1% in 2023, a 2.5% increase from 2022's figure of 67.4%. As with much of the United States, housing in Virginia is extremely commodified. As with the rest of the United States and much of the western world, Virginia has an extreme Affordable housing crisis, crisis regarding housing affordability and availability. It is extremely prevalent in the state, with estimates saying that over 10% of the population lives below the poverty line. The United States Census Bureau, U.S. Census Bureau reported in 2023 that the median cost for rent is $1,440, around $300 lower than the US average of $1,739. Types of housing Affordable Mostly an issue in major urban centers such as Alexandria, Virginia, Alexandria and Virginia Beach, Virginia, Virginia Beach, Affordable housing ...
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Public Housing, Alexandria, Virginia - 2
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öffentlichkeit'' or public sphere. The concept of a public has also been defined in political science, psychology, marketing, and advertising. In public relations and communication science, it is one of the more ambiguous concepts in the field. Although it has definitions in the theory of the field that have been formulated from the early 20th century onwards, and suffered more recent years from being blurred, as a result of conflation of the idea of a public with the notions of audience, market segment, community, constituency, and stakeholder. Etymology and definitions The name "public" originates with the Latin ''wikt:publicus#Latin, publicus'' (also ''wikt:poplicus#Latin, poplicus''), from ''wikt:populus#Latin, populus'', to the Engli ...
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Lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it c ...
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Virginia Rent
Virginia, officially the Commonwealth of Virginia, is a state in the Southeastern and Mid-Atlantic regions of the United States between the Atlantic Coast and the Appalachian Mountains. The state's capital is Richmond and its most populous city is Virginia Beach. Its most populous subdivision is Fairfax County, part of Northern Virginia, where slightly over a third of Virginia's population of more than 8.8million live. Eastern Virginia is part of the Atlantic Plain, and the Middle Peninsula forms the mouth of the Chesapeake Bay. Central Virginia lies predominantly in the Piedmont, the foothill region of the Blue Ridge Mountains, which cross the western and southwestern parts of the state. The fertile Shenandoah Valley fosters the state's most productive agricultural counties, while the economy in Northern Virginia is driven by technology companies and U.S. federal government agencies. Hampton Roads is also the site of the region's main seaport and Naval Station Norfolk, th ...
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Richmond, Virginia
Richmond ( ) is the List of capitals in the United States, capital city of the Commonwealth (U.S. state), U.S. commonwealth of Virginia. Incorporated in 1742, Richmond has been an independent city (United States), independent city since 1871. The city's population in the 2020 United States census was 226,610, up from 204,214 in 2010, making it Virginia's List of cities and counties in Virginia#Largest cities, fourth-most populous city. The Greater Richmond Region, Richmond metropolitan area, with over 1.3 million residents, is the Commonwealth's Virginia statistical areas, third-most populous. Richmond is located at the Atlantic Seaboard fall line, James River's fall line, west of Williamsburg, Virginia, Williamsburg, east of Charlottesville, Virginia, Charlottesville, east of Lynchburg, Virginia, Lynchburg and south of Washington, D.C. Surrounded by Henrico County, Virginia, Henrico and Chesterfield County, Virginia, Chesterfield counties, Richmond is at the intersection o ...
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Townhouse
A townhouse, townhome, town house, or town home, is a type of Terraced house, terraced housing. A modern townhouse is often one with a small footprint on multiple floors. In a different British usage, the term originally referred to any type of Townhouse (Great Britain), city residence (normally in London) of someone whose main or largest residence was a English country house, country house. History Historically, a townhouse was the city residence of a noble or wealthy family, who would own one or more country houses in which they lived for much of the year. From the 18th century, landowners and their servants would move to a townhouse during the Season (society), social season (when major Ball (dance), balls took place). United States and Canada In the United States and Canada, a townhouse has two connotations. The older predates the automobile and denotes a house on a small footprint in a city, but because of its multiple floors (sometimes six or more), it has a large living ...
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Virginia Housing
Virginia Housing, formerly the Virginia Housing Development Authority (VHDA), is a self-supporting organization created by the Commonwealth of Virginia in 1972, to help Virginians attain quality affordable housing. Mortgages are funded by bonds issued by Virginia Housing, not by taxpayer dollars, and are available for homebuyers and developers of quality rental housing. The group teaches free homeownership classes, and helps people with disabilities and the elderly make their homes more livable. Virginia Housing works with lenders, developers, local governments, and community service organizations. Funding sources Each year, Virginia Housing raises funds through the capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ... to support lending for single family and multifa ...
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Subprime Mortgage Crisis
The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010, contributing to the 2008 financial crisis. It led to a severe economic recession, with millions becoming unemployed and many businesses going bankrupt. The U.S. government intervened with a series of measures to stabilize the financial system, including the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act (ARRA). The collapse of the United States housing bubble and high interest rates led to unprecedented numbers of borrowers missing mortgage repayments and becoming delinquent. This ultimately led to mass foreclosures and the devaluation of housing-related securities. The housing bubble preceding the crisis was financed with mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than government securities, along with attractive risk ratin ...
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Piedmont Crescent
The Piedmont Crescent, also known as the Piedmont Urban Crescent, is a large, polycentric urbanized region in the U.S. state of North Carolina that forms the northern section of the rapidly developing Piedmont Atlantic megalopolis (or "megaregion"), a conurbation also known as the " I-85 Boombelt", which extends from the Raleigh area in North Carolina, southwards to Atlanta, Georgia in the southeastern United States. The region includes seven of North Carolina's ten largest cities (with the exception of southcentral Fayetteville, coastal Wilmington and eastern Greenville) and encompasses many smaller cities, towns, and suburban areas. The three major metropolitan areas within the Piedmont Crescent are the Research Triangle, Piedmont Triad, and Charlotte metropolitan area, which have a total population of 7,492,161 people, roughly the same in geographic area (11,256.36 sq mi) and population as the Atlanta, Georgia region (7,221,137 / 10,494.03 sq mi), and together representing ...
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North Carolina
North Carolina ( ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, South Carolina to the south, Georgia (U.S. state), Georgia to the southwest, and Tennessee to the west. The state is the List of U.S. states and territories by area, 28th-largest and List of U.S. states and territories by population, 9th-most populous of the List of states and territories of the United States, United States. Along with South Carolina, it makes up the Carolinas region of the East Coast of the United States, East Coast. At the 2020 United States census, 2020 census, the state had a population of 10,439,388. Raleigh, North Carolina, Raleigh is the state's List of capitals in the United States, capital and Charlotte, North Carolina, Charlotte is its List of municipalities in North Carolina, most populous and one of the fastest growing cities in the United States. The Charl ...
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Radford University
Radford University is a public university in Radford, Virginia, United States. It is one of the state's eight doctorate-granting public universities. Founded in 1910, Radford offers curricula for undergraduates in more than 100 fields, graduate programs including the M.F.A., M.B.A., M.A., M.S., Ed.S., Psy.D., M.S.W., and specialized doctoral programs in health-related professions. It is classified among "Doctoral/Professional Universities". History The State Normal and Industrial School for Women at Radford was founded in Radford as a women's college in 1910. In 1924, the school was renamed the State Teachers College at Radford, with the primary intent of training teachers in the Appalachian region. In 1943, as part of the state's consolidation movement, the college merged with the Virginia Polytechnic Institute in nearby Blacksburg, serving as the women's campus for the then-predominately male land-grant college. The merger was dissolved in 1964, and Radford College be ...
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Virginia Tech
The Virginia Polytechnic Institute and State University, commonly referred to as Virginia Tech (VT), is a Public university, public Land-grant college, land-grant research university with its main campus in Blacksburg, Virginia, United States. It was founded as the Virginia Agricultural and Mechanical College in 1872. The university also has educational facilities in six regions statewide, a research center in Punta Cana, Dominican Republic, and a study-abroad site in Riva San Vitale, Switzerland. Through its Virginia Tech Corps of Cadets, Corps of Cadets Reserve Officers' Training Corps, ROTC program, Virginia Tech is a United States Senior Military College, senior military college. Virginia Tech offers 280 undergraduate and graduate degree programs to its 37,000 students; as of 2016, it was the state's second-largest public university by enrollment. It is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high r ...
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Lynchburg, Virginia
Lynchburg is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. First settled in 1757 by ferry owner and Abolitionism, abolitionist John Lynch (1740–1820), John Lynch, the city's population was 79,009 at the 2020 United States census, 2020 census, making Lynchburg the List of cities in Virginia, 11th most populous city in Virginia. Located in the foothills of the Blue Ridge Mountains along the banks of the James River, Lynchburg is known as the "List of cities claimed to be built on seven hills, City of Seven Hills" or the "Hill City". In the 1860s, Lynchburg was the only city in Virginia that was not recaptured by the Union (American Civil War), Union before the end of the American Civil War. Lynchburg lies at the center of a wider Lynchburg metropolitan area, metropolitan area close to the geographic center of Virginia locally known as “the Lynchburg area”. It is the fifth-largest Metrop ...
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