(RECAP: The Fredericksburg Plotting Commission will hold a public hearing Wednesday to consider a proposal for a 110-unit townhouse development. Carl Braun, a local real estate developer, has submitted plans for a development called Highlander Park on 12.2 acres at 115 Young St., a parcel behind the Gladys H. Oberle School. Braun tried to develop a gym and office building on the site and agreed to certain proffers on the property in 2003 for that use. But he said without direct frontage onto Lafayette Boulevard and few other commercial draws in that area, he chose to retool the project as a residential development. Braun plans to price the homes between $300,000 and $350,000. He said that price appeals to young professionals and empty-nesters looking for affordable, go-in ready city housing. He also said that residential development makes sense there as a catalyst for redevelopment in a predominately industrial setting.)

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(RECAP: A majority of Americans worry about becoming homeless, according to a new survey by the NHP Foundation. The national shortage of affordable housing is at crisis levels – the country is losing roughly 125,000 affordable rental units a year – and the need to provide high-quality housing for low and moderate income families is an urgent concern. In addition, as the country continues to slowly recover from the recession, families at all income levels are concerned about the rising cost and health of the housing market. Only 20% of those polled were unlikely to welcome affordable housing in their neighborhoods.)

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(RECAP: Hispennials, or Hispanic Millennials, view their finances differently than the majority of Millennials, according to a recent study by Wells Fargo. One of the most notable differences is that Hispennials are more likely to provide supportfor extended family members, the survey shows. About 30% of Hispennials say they are currently providing financial support to two or more generations of their family, versus 14% of total Millennials. This trend shows through even when it comes to buying a home. Hispennials are more likely than any other race or generation to use a gift to pay their down payment on a home, said Frank Fuentes, New American Funding vice president of multicultural community lending. Hispennials report a slightly lower income level of $31,100, compared to $33,800 reported by the general population. On the other hand, Hispennials report a significantly lower student debt amount at $10,267, compared to the median reported by general-population millennials of $19,978.)

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