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 ↗

Related Parts of This Source

Full Text

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Total Loans
Application Volume
Between 2013 and 2017, there were approximately 3,170 applications for home loans in Arlington. Arlington’s
application volume makes up about 3.7% of the volume in the comparison region, which saw a total of 88,480
applications during this period.
Most (1,982, or 63%) of the applications in Arlington were submitted by applicants that fall in the high-income
category, defined here as $125,000 or more a year, followed by 829 applicants (26%) in the moderate-
income category, defined as $75,000 to $124,999 a year. Approximately 230 applications (7%) were
submitted by applicants in the low-income category ($25,000-$74,999) and one application was submitted by
an applicant in the lowest-income category ($0-$24,999).69
The table below describes application volume in Arlington and the comparison region by income category.
Application volume in the comparison region reflects trends in Arlington, where volume increases as income
increases; however, the comparison region has a larger share of applications from the lowest-income and lower-
income categories.

69 Because it is impossible to draw conclusions for this income category based on a single applicant, this analysis refrains from making

any conclusions about this group in Arlington.

119
Arlington Fair Housing Action Plan

Table 17: Application Volume by Income Category in Arlington and Comparison Region (HMDA, 2013-2017)

ARLINGTON COMPARISON REGION
Applications Percentage Applications Percentage
LOWEST-INCOME ($0 - $24,999) 1 0.03% 215 0.3%
LOWER-INCOME ($25,000 - $74,999) 234 7.7% 13,206 15.9%
MODERATE-INCOME ($75,000 - $124,999) 829 27.2% 23,510 28.4%
HIGH-INCOME ($125,000 +) 1,982 65.1% 45,893 55.4%
N/A 119 5,651
TOTAL 3,165 88,475