We posted on September 1st about the National Flood Insurance Program potentially lapsing, beginning on October 1st, which is tomorrow! Well, yesterday, the House of Representatives approved a temporary extension of government funding (which includes funding for the National Flood Insurance Program). This had been previously approved by the Senate....
Issues
Electric Car Charging Station Coming to Harrisonburg
Harrisonburg residents have long been known to hold the view that taking care of our environment is very important. As such, many have started using rain barrels, compost bins, solar energy, electric cars, etc. Well, the leaders of Harrisonburg have taken notice, and in October, Harrisonburg Electric Commission (HEC) will...
Dayton to Ban Truck Traffic?
Dayton, Virginia, is located just a few miles south of Harrisonburg off of Route 42. It is a quaint and friendly town, known for its buggies, farmers market, and the annual harvest festival (which is coming up next Saturday, October 1st!). Recently, the Dayton Town Council voted unanimously in favor...
National Flood Insurance Program May Lapse Again
Back in April of 2010, we reported that the National Flood Insurance Program (NFIP) was reauthorized after it had lapsed (but had been made retroactive to the lapse date). Basically, it had expired for some time, then reauthorized, and all policies written during the lapsed time were back-dated. This made...
FHA Loan Limit Changes Likely Won’t Affect Shenandoah Valley Home Buyers
You may have heard about loan limits changing on FHA mortgages starting October 1st. According to the Department of Housing and Urban Development (HUD), the Shenandoah Valley — at least at this point — will not experience any changes in FHA loan limits. There is a full document on HUD’s...
Virginia Closing Costs Are Lower Than Average
The other day we reported that Virginia property taxes fare pretty well compared to the rest of the nation, and now we have more good news — Virginia closing costs are also on the low end of the scale! Researchers for a new study requested a good faith estimate for...