New housing goals have been proposed by the City of Alexandria to keep up with the anticipated demand with the coming of Amazon’s HQ2 and Virginia Tech’s Innovation Campus to the region. City council, at its March 14 public hearing, unanimously approved a new resolution to address projected housing demand. According to a regional housing initiative proposed by the Metropolitan Washington Council of Governments the region is projected to require 320,000 new housing units over the next 10 years.
According to alextimes.com, “The City of Alexandria plans to produce to 11,500 of those 320,000 units over the next 10 years, 3,000 more units than previously forecasted. Of those 3,000 additional units, 75 percent must be affordable for those who make between 30 and 80 percent of the area median income, according to Helen McIlvaine, the city’s housing director. Of the 24 local jurisdictions that are COG members, the City of Alexandria is the third jurisdiction to officially adopt COG’s housing targets, behind Montgomery County and Washington D.C. The COG board of directors unanimously adopted the recommendation in September 2019.”
As per alextimes.com, “The discussion regarding housing, especially affordable housing, is not new. Policy-makers are facing a new urgency to address the issue as Amazon and Virginia Tech move in. COG began its analysis of the housing market while Amazon was still deciding on its HQ2 location. Amazon announced in November 2018 that it had chosen Arlington for its second headquarters and promised to bring more than 25,000 jobs to the region. At the same time, Virginia Tech elected to build its Innovation Campus in Potomac Yard.”