Town of Arlington, Fair Housing Action Plan (July 2021)

Citation: Town of Arlington, Fair Housing Action Plan (July 2021)
Jurisdiction: Arlington (municipal)
Source: Official source
Original Source: https://www.arlingtonma.gov/home/showpublisheddocument/57214/637641171662530000 ↗

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Access to Opportunity
Given the disparities in representation of protected classes across the region, a key question that emerges is
whether residents of Arlington experience greater access to opportunity than their peers from neighboring
municipalities. There are many ways to explore access to opportunity. For the purposes of this analysis, access to

14 Mortgage affordability was determined based on a calculated monthly mortgage payment according to a 30-year term, Arlington

FY2020 real estate tax of 11.06% per $1,000, a 4.25% fixed annual interest rate, PMI rate of 0.75%, and homeowner’s insurance of
$1,200 annually. These calculations assume equal access to mortgage products. (See Mortgage Lending on page 73 for more
information on mortgage access).
15 Warren Group, 2013-2017. To the extent that housing prices have risen faster than incomes, an affordability gap calculation based

on current incomes and housing costs would likely show an even greater gap between what a typical household earns and what housing
they could afford.
16 Assumes a downpayment of 5%.

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Arlington Fair Housing Action Plan