"Lawmakers killed a proposal to allow by-right multifamily and mixed-use projects in many commercially zoned areas, but passed proposals focused on subsidies and preservation of affordable housing."
"The Faith in Housing bill would let churches and certain tax-exempt groups build affordable housing on land they already own without local rezoning, requiring at least 60% of units to remain income-restricted."
"Virginia continues to face growing housing affordability pressures, with faith-based organizations controlling more than 74,000 acres statewide, creating a large potential supply of land for affordable housing."
A housing agenda introduced to enhance affordability encountered significant legislative opposition, particularly against a proposal for by-right multifamily projects. However, lawmakers approved measures focused on subsidies and preserving affordable housing. The YIGBY bill, separate from the governor's main agenda, is being advocated for by various organizations. Virginia's housing affordability crisis continues, with faith-based groups holding substantial land that could be utilized for affordable housing. The Faith in Housing bill allows certain organizations to build affordable housing without local rezoning, ensuring long-term income restrictions on units.
Read at www.housingwire.com
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