After announcing earlier this year that he would be willing to transfer his agreement of sale for the Christian Street Baptist Church to a preservation-minded buyer, developer Ori Feibush has decided to proceed with his plan to demolish the church.
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.
Caitlin McCabe covers Real Estate for the Inquirer.