(RECAP: After several years of on-again, off-again plans for redevelopment, Lake Anne Fellowship House has a signed agreement to build a new affordable senior housing complex. The Fellowship Square Foundation (FSF), which operates the Lake Anne buildings, the facility at Hunters Woods Village Center, and several others in the Washington, DC area, says it has a signed deal with the Community Preservation and Development Corporation (CPDC) for a new building to replace the aging structures at 11480-11450 North Shore Drive in Reston. The new construction project will replace all 240 apartment units, built in the early 1970s, with “a new, state of the art facility.” CPDC is a non-profit developer of affordable housing.)

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(RECAP: When the Tax Reform Act of 1986 was enacted 30 years ago–Oct. 22, 1986–few thought that the low-income housing tax credit (LIHTC), a small provision in the sweeping legislation, would change affordable housing in America. Yet as it celebrates three decades, the LIHTC is widely viewed as the most successful federal affordable housing program in history, surpassing even the most optimistic views in 1986. But what will affordable housing look like 30 years from now? We questioned six affordable housing experts for predictions about affordable housing in 2046, in the interim and what should be done to bring about the best outcome three decades down the road. One conclusion: The largest change could be soon.)

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(RECAP: Millennials reaped the most benefits from this year’s low interest rate in August, as the average rates on home loans obtained by the generation fell to 3.76% for the month, the latest Ellie Mae Millennial Tracker data found. Ellie Mae, which offers clients loan origination software, launched the tracking tool in May of this year to give lenders insight into the latest and largest generation of homebuyers, Millennials. As the home loan rate for Millennials decreases, the average loan amount to Millennial borrowers increased to $181,326, growing from July’s average of $180,413. The average loan amount for both conventional and FHA loans also increased, to $203,884 and $172,667, respectively. The report also noted that the average FICO score for Millennial borrowers remained stable at 725 in August after rising the past few months.)

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