Within the last few years, mortgage lenders have been easing credit requirements to give first-time and low- to-moderate income buyers more of an opportunity to purchase homes. But some critics wonder whether loosening credit may put borrowers at risk.
In a moment of harmony between City Council members and the Building Industry Association, the group announced the new legislation at a news conference Wednesday. The legislation is expected to create as much as $25 million annually for affordable housing construction.
Jersey Central Power & Light expects to restore electric service to the majority of the 3,400 customers who remain without power due to the region's March 2 storm. Even so, Gov. Murphy criticized the company's storm response in a statement Saturday.
In December, the Westtown Township supervisors denied Toll Brothers' application to build 317 single-family homes and townhouses on Crebilly Farm in Chester County. In February, an explanation of why was issued: Concerns over roads, traffic, stormwater management, and the disruption of "scenic views." Plus, the possibility of the land's ties to the Battle of Brandywine.
Caitlin McCabe covers Real Estate for the Inquirer.