Fairfax Officials Search for Affordable Condo Fix for Tysons

Signs of development in Tysons are apparent everywhere but the building boom has yet to result in more affordably priced residential condominiums. The question of affordability may not have been properly addressed by county planners, but the issue has not gone unnoticed by Fairfax County officials who are searching for a fix.

"If the development community didn't have to worry about that, they could build all high-end luxury this and that and they would fill up all that space," Fairfax County Board of Supervisors chairman Sharon Bulova told the Washington Business Journal. "The affordability of housing is critical."

The county hopes to come out with a plan in the coming months and has begun meeting with developers to try to strike a balance. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Bottoms Wins Georgia Governor's Race With Pledge To Boost Affordable Housing

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Golden Apartment Building Sells For $62M To Chicago Company

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

Salesforce Plans Innovation Hub Downtown: The D.C. Deal Sheet

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

Battered Mortgage REIT Suspends Dividend To Preserve Cash