There are a couple of things going on this weekend in Portland and the surrounding areas that look interesting. We all know there is awesome weather coming for us in the next couple of days because that’s all people can talk about! So that means we need to get outside and get some vitamin D into our systems.
Friday
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Sunday
From my blog
The Montavilla Neighborhood celebrates it’s 120th birthday this year. Established in 1889, the Montavilla Neighborhood quickly developed into a thriving community of small businesses and growing subdivisions. The name Montavilla came to be the popular term by the land surveyors platting out subdivisions since the original name of Mt. Tabor Villa Addition was a little too cumbersome. Today, Montavilla is still a thriving community (the 2nd largest neighborhood in Portland) that hosts many small businesses, a popular community center, and it’s very own farmer’s market. Montavilla is in SE Portland bordered by the North Tabor (previously Center), Madison South, Hazelwood, Powellhurst Gilbert and Mt. Tabor Neighborhoods.
Neighborhood Facts:
Association - Montavilla Neighborhood Association
Population - 15,987
Households - 6,025
Owned - 3,665 (61%)
Rented - 2,360 (39%)
Median home price - $225,000
Median household income - $38,854
Popular businesses in Montavilla:
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development announced today that the FHA is going to permit its lenders to allow home buyers to use the $8,000 first time home buyers tax credit as a down payment. Talk about getting buyers off of the fence! I know a lot of states had already figured out a loan system to allow this "advance" but for those that hadn't this seems like an even greater opportunity for first time home buyers using an FHA loan. The issues that I had heard from everyone was the fact that most everyone had to have 3.5% down for the FHA loans, so this seems to loosen that restriction. Shaun Donovan stated that the FHA approved lenderes will be allowed to "monetize" the tax credit through short-term bridge loans. The eligible first time home buyers will be able to access the funds immediately at the closing table.
More info here
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