The Federal Reserve’s Federal Open Market Committee voted 11 to 1 at its December meeting to cut the fed funds rate by 25 basis points to a range of 4.25%-4.50%, the Fed’s third consecutive rate cut since September. In their December Summary of Projections (SEP), policymakers projected two additional rate cuts in 2025, down from four in the September SEP. The December report forecasts a median fed funds rate of 3.9% by the end of 2025, up from 3.4% in September, reflecting slightly elevated inflation expectations.

Click here for a preliminary summary of the City of Yes for Housing Opportunity, a citywide rezoning that will enable the creation of over 82,000 new homes over the next 15 years and invest $5 billion towards critical infrastructure updates and housing.

Existing two-story church and a parsonage/community use building totaling approximately 10,770 sq. ft.; Large corner lot totaling approximately 16,500 sq. ft. with room for 10 parking spaces