NVAHA 15 – Accomplishment #4 (2018): NVAHA Produces “Northern Virginia’s Preservation Challenge: Trends, Threats and Opportunities”
Preservation continues to be an essential tool for addressing housing affordability, and increasingly a way to secure neighborhoods of opportunity for low-income households being priced-out of our high-cost localities.
As our region grows, our older, multifamily rental communities continue to be at risk. Recently, news by the City of Alexandria that as much as 88% of their market-affordable housing stock had been lost since 2000 due to demolition or redevelopment (18,218 to 2,236 units) drew gasps and widespread media attention. Responding to the loss of affordability throughout the region, NVAHA worked with several partners and advocates to produce “Northern Virginia’s Preservation Challenge: Trends, Threats and Opportunities.”
This report examines the conditions that can complicate investments in these valuable housing assets, and recommends creative policies and programmatic strategies that localities can use to stabilize and preserve housing as affordable. This Northern Virginia-centered research is used as a resource by local government staff and policymakers to inform preservation strategies.