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His final wish //drop: In quest for a more diverse Cambridge, retired architect to bequeath his multifamily home to nonprofit for affordable housing
In a quest for a more diverse Cambridge, homeowner to bequeath his multifamily home to nonprofit for affordable housing. He hopes others will follow.
By Jon Gorey Globe Correspondent,Updated April 14, 2021, 11:03 a.m.
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CAMBRIDGE, MA - 4/07/2021:FOR ADDRESS COVER STORY.. Paul E. Fallon waters his sidewalk garden, a homeowner hopes to bring more diversity and affordable housing to Cambridge by bequeathing his multifamily home to a nonprofit instead of his children. He s hoping that others will follow suit. (David L Ryan/Globe Staff ) SECTION:ADDRESSDavid L. Ryan/Globe Staff
Jon Gorey - Globe Correspondent April 14, 2021 10:47 am
When Paul E. Fallon purchased a Victorian four-family in Cambridge nearly 30 years ago, he wasn’t angling to become a minor real estate tycoon. But he wanted to raise his children in the city, and a single-family home was, even then, more than he could afford. “I bought it when a four-family house in Cambridge was a pariah because it was under rent control,’’ Fallon said. “There was no crystal ball in 1992 that told me this house was going to make me rich.’’
But it did. Fallon lived in one unit and rented out the others, first under rent control, then at fair market rents. Now a single man in his mid-60s, the writer and retired architect owns his property outright, like many retirees, but in just one generation, his home in what had long been a middle-class neighborhood of plumbers and electricians has become a multimillion-dollar asset.
It’s time for affordable homes in Washington State
PHOTO COURTESY OF JOSH FIELDS | Home prices are rising in WA.
Newly constructed or nice family homes in Washington state can cost anywhere from 600,000 to 1 million. How can it be addressed that this is just too expensive?
When looking for homes, apartments or townhouses to rent or buy in Washington state, especially near the coast, the prices are exorbitant.
If you want a nice or newly built family home near the Bellevue, Issaquah or Kirkland area, it will be very hard to find anything below $600,000.
As we look at the beautiful cities of Bellevue and Seattle, they are convenient places to live due to their close proximity to companies such as Microsoft and various business buildings along with the locality of restaurants and shopping centers. Because of this, many homes are built in the area.
DURHAM, N.C. (WTVD) Millions of North Carolinians feel left behind in the state s new COVID-19 vaccine priority list. It s just awful to be in this kind of position where you have to honestly argue your worthiness to be in a higher priority. That s an awful way to put it but I m not sure how else to put it exactly, explained Jackie Holcombe.
Holcombe s daughter. Lindsay, has Down syndrome which places her at a higher-risk for death from COVID-19. Lindsay is one of the estimated 3.8 million North Carolinans under 65 years old that have at least one chronic condition.
When North Carolina first released its vaccination plan people with chronic conditions fell in phase 2. Now, state leaders have made changes that cause Lindsay and others with chronic conditions to wait until group 4, instead prioritizing people 65 years and older and frontline essential workers.