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.
Nestled off of Norfolk’s section of the Chesapeake Bay is a stretch of land filled with new housing developments, popular restaurants, and expansive beaches called Ocean View. This region is well-known to locals and has become a staple for summer tourists for its beautiful beaches and tourist attractions. What many don’t know about Ocean View is its extensive history, and how it used to be called “The Coney Island of Virginia."
The federal government has awarded Virginia millions of dollars to help localities address its ongoing housing crisis.
The state budget is still being finalized, but in some areas it’s already clear where Gov. Glenn Youngkin and state lawmakers came up short for working families this legislative session. With a new Democratic majority in the Virginia General Assembly this year,...
