Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: THURSDAY, June 23, 1994 TAG: 9407200117 SECTION: BUSINESS PAGE: B6 EDITION: METRO SOURCE: Associated Press DATELINE: RICHMOND LENGTH: Short
The board's approval came despite objections from Gov. George Allen. Ronald L. Tillett, state treasurer and a member of the VHDA borad, cast the only vote against the change
The board changed the word "family" to "household" for borrowers buying single-family homes. The policy change also affects common-law couples.
A household is defined as two or more people living together as a single nonprofit housekeeping unit. A household with low or moderate income could apply for a VHDA single-family loan.
by CNB