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Jair Lynch says it will consider deepening affordability at Barcroft Apartments

Developer Jair Lynch says it is exploring ways to make some units at the Barcroft Apartments even more affordable to families. This comes as two organizations, Arlington Community Foundation and advocacy group ACE Collaborative, have put pressure on Jair Lynch to deepen affordability at the site over concerns of displacement. "We ....

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How a Penske truck rental lot along Columbia Pike could figure into the Barcroft redevelopment

The Penske truck rental location on Columbia Pike which once had an ART bus crash into it and stay there for a month has closed. And the replacement for the storefront and expansive parking lot, at the Pike's intersection with S. George Mason Drive, may be something completely different. The site ....

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What we know about the county's $150 million loan to preserve affordable housing on the Pike

Arlington County is loaning $150 million to a D.C.-based real estate company buying the Barcroft Apartments along Columbia Pike. This move approved Tuesday - ....

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Detailed text transcripts for TV channel - MSNBC - 20120818:13:08:00

Macro-economic problem as it was for the financial banks. let s talk about principle reductions. you ve got a mortgage. it s more than you can afford, let s say. there s two ways to go about deal with that. more than it s worth, your house is under water. you can refinance. say you had it at 7%. brick it down to say 4%. you know, master financing, but that doesn t get rid of the principal problem which is you owe more than it s worth. you re in favor of principal reductions. i think this is something glen hubbard has written about. marty feldstein. yeah. principal reductions have not happened. here is secretary treasury tim geithner testifying against principle reductions in december 2001 2009. this program was not designnd and this was a conscious choits we made not to start with deep principle reduction and we made ....

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