(RECAP: The Arlington County Board today approved a $6 million loan from the County’s Affordable Housing Investment Fund to help Standard Property Company, Inc. and the National Foundation for Affordable Housing Solutions buy the 294-unit Park Shirlington Apartments. Park Shirlington is an affordable apartment garden apartment complex in Fairlington.The developers plot to rehabilitate and preserve all 294 units as affordable.)
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(RECAP: Is it right that lenders have eased up on certain key requirements, making it simpler for first-time buyers and others who can’t pass all the strict tests to get approved? The excellent-news answer is yes. A recent survey of banks and mortgage companies by giant investor Fannie Mae found that a record number of lenders report that they have relaxed at least some requirements for mortgage clients.)
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(RECAP: Using the VCU Wilder School’s unique MetroView data system, we recently documented the geographic location of low-cost housing and the modest-wage jobs in the Richmond metropolitan area. (Access this study, Understanding the Jobs-Affordable Housing Balance in the Richmond Region, at cura.vcu.edu).
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