(RECAP: An analysis of loans closed in January found that 35 percent of millennials — those born between 1980 and 1999 — opted for Federal Housing Administration mortgages to finance their buys, well above FHA’s overall market share of 21 percent. Why the strong attraction for FHA, especially at a time when competitors Fannie Mae and Freddie Mac have introduced programs offering low down payments? Turns out it’s all about the total package of features for young buyers, not just the small cash outlays required upfront.)

Powered by WPeMatico

(RECAP: The future of the Episcopal Church of the Resurrection’s slated affordable housing project hangs in the air while City Council decides on the FY2018 budget. The congregation feels called by God to give a large part of its church property on the West End over to affordable housing. They say they’ve made some huge sacrifices along the way so that their plot — what they call their “bold thought” — might succeed for the community’s benefit. The bold thought now depends on whether City Council decides to fund a $4.3 million “supplemental” option in the proposed Capital Investment Project budget.)

Powered by WPeMatico

(RECAP: AvalonBay Communities, Inc. (AVB) – a trusted name in multifamily housing, headquartered in Arlington, Virginia – announced today its contribution of $35,000 to the Arlington Partnership for Affordable Housing (APAH). Since 2015, including this latest donation, the Company has contributed $85,000 to support APAH’s mission of helping lower income families secure affordable housing in Arlington.)

Powered by WPeMatico