The Democratic nominee for governor wants Virginia to become the national leader in addressing the housing affordability crisis by increasing the housing supply.
Discover Chesapeake’s comprehensive network of homeless support services, from crisis intervention to long-term housing solutions and daily assistance.
Did you know that Virginia ranks among the wealthiest states in America? We’re looking at some of the places people call “home” in Northern Virginia—and at how your vote could influence the housing market.
The fight to address Virginia’s housing challenges will continue in the upcoming General Assembly session as lawmakers try to find common ground on the shortage of affordable homes, rising rents, and exclusionary zoning.
During Tuesday’s vice presidential debate, Tim Walz highlighted the importance of building more affordable homes for families and holding accountable Wall Street investors who buy up housing and treat it as a commodity, while JD Vance continued to demonize undocumented immigrants and blame them for the nation’s housing shortage.
Harris has vowed to increase the available housing supply by three million homes and to provide lower-income first-time homebuyers with up to $25,000 in down payment support. Trump, on the other hand, has offered no specific plans for addressing the housing crisis.
The announcement from the Federal Reserve will lower mortgage rates and encourage more building of apartments, which could lower rental costs.
After years of a worsening housing crisis in Virginia, Kamala Harris’ proposals seek to create three million homes by 2028, provide down payment assistance to first-time home buyers, and crack down on price fixing among corporate landlords.
While Richmond struggles with a shortage of 11,000 affordable homes, the city is advancing plans to build 2,296 rental homes for people living near the poverty level.
The plan calls on Congress to pass a law that would withdraw tax credits from landlords who raise rent by more than 5% annually. If passed, the plan would apply to about half of all rentals in the United States.
