Five Ways Housing Affordability Affects Local Businesses

 Five Ways Housing Affordability Affects Local Businesses

Like bridges and roads, affordable housing is an investment in a community’s infrastructure. Along with numerous social benefits, housing affordability supports diverse jobs and wage levels and also attracts and retains workers – critical to a community’s long-term economic success.

Housing Segregation: A Vestige of the Past?

The Fair Housing Act was passed fifty years ago, yet America’s neighborhoods remain deeply segregated along racial lines. Author Richard Rothstein argues that this divide is the direct result of government policies, some of which are relegated to the past and others that are still in place today.


Redevelopment of Former Red Cross Headquarters to Create Affordable Housing

Rendering of Proposed Trenton Street Apartments

Rendering of Proposed Trenton Street Apartments

In a move that will add much needed affordable housing stock to Arlington's Metro corridors, the County Board approved a site plan and rezoning request that would allow Wesley Housing Development Corporation to redevelop a former Red Cross Headquarters site, fronting on Rt. 50, into mixed-income affordable housing. 

According to an Arlington County press release, the Buckingham neighborhood property situated at 20 N. Thomas street, 15 and 19 N. Trenton, and 4333 Arlington Boulevard will be redeveloped to include 97 affordable multifamily units that meet green and energy efficiency standards, 19 townhomes, and the preservation of the adjacent Whitefield Commons garden apartments.

Townhome Rendering

Townhome Rendering

Housing Conservation District Planning Process Begins

In December 2017, the Arlington County Board approved Phase 1 of a proposal for a Housing Conservation District (HCD) that will provide protections and incentives to preserve or replace affordable apartments in market rate affordable buildings. Phase 2 of the plan, which includes developing a set of incentives to help property owners renovate or redevelop their properties in exchange for affordability protections, will be developed throughout 2018.