Alexandria to Set More Ambitious Affordable Housing Targets, Following Other Localities
Alex Koma with the Washington Business Journal reports on Alexandria’s new, ambitious housing targets.
Alexandria could soon become the latest jurisdiction in the region to embrace more aggressive housing production targets, setting a goal as part of a broader bid to address Greater Washington’s supply crunch.
The City Council is set to sign off on the construction targets Tuesday, committing the small city to adding 11,500 new homes through 2030. That’s about 3,100 more homes than the city expects to add without any changes.
Of those additional homes, city officials hopes about 2,250, or 75%, will be affordable to low- and moderate-income renters.
Those goals are in line with standards sketched out by the Metropolitan Washington Council of Governments, a regional organization that has spent the last year advocating a massive boost in housing construction to meet growing demand. In all, the organization believes the D.C. region needs to add 320,000 new homes during the next decade to stop home prices from skyrocketing, particularly as Amazon moves into Arlington and brings more highly-paid workers to the region.
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