More college grads move back home with mom and dad

(RECAP: For the first time, more 18- to 34-year-olds live at home with their parents than in any other arrangement, according to a recent study by the Pew Research Center. In 2014, just over 32 percent of millennials were living in their parents’ home, slightly more than the number living with a spouse or partner, according to Pew’s analysis of the most recent census data. Just 14 percent were living alone or with roommates. They are also staying at home longer. This year, 36 percent of graduating seniors plot to live at home at least a year or more after graduation, according to a recent survey by the job site Indeed.)

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Representative Jordan Introduces Bill to Eliminate Means-Tested Housing Programs

(RECAP: On May 26, Representative Jordan (R-OH), chairman of the conservative House Freedom Caucus, introduced the Welfare Reform and Upward Mobility Act, which would prohibit Congress from funding means-tested housing programs and in their place make a single state block grant for housing activities. The legislation would cap appropriations for the block grant from FY 2017 through FY 2022 at FY 2016 appropriations levels, and then cut an additional 10 percent annually from 2023 until 2028, culminating in a 50 percent reduction in funding from their total FY 2016 level. The bill would repeal and replace with the block grant the following federal housing programs: Section 8 tenant-based and project based rental help, public housing, the HOME Investment Partnerships program, McKinney-Vento Homeless Help Grants, the Section 202 Housing for the Elderly program, the Section 811 Housing for People with Disabilities program, the Native American Housing Block Grant program, the Section 101 Rent Supplement Program, the Section 236 Rental Help Payments program, the Rural Housing Insurance Fund, and all help programs provided by the Rural Housing Service.)

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Portion of New Post development sells for $3.264 million

(RECAP: A part of the mixed-use New Post on the Rappahannock development in Spotsylvania County was bought by a Charleston-based developer new to the Fredericksburg region. Humanities Foundation bought 6.27-acres of the development under the name New Post Apartments LLC for $3.264 million in a deal that closed this week with site developer Tricord Cos. The Humanities Foundation plans a 102-unit apartment community which will break ground this fall. Drees Homes also owns a significant part of the development and broke ground recently on its 117-lot residential component, featuring town houses and single family homes. Tricord retains the rest of the property and has plans to build 92 single family homes, 26 of which will be on the Rappahannock River waterfront.)

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