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

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

Mountain Developers Look To Mobile Homes, Deed Restrictions For Affordability Solutions

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Northern Virginia Office Tower Sells For Double Its 2024 Price

Airbnb Launches $250M Fund To Invest In Affordable Housing

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review