Businesses need appropriate housing in the communities where they operate to attract and retain their workforce. Without stable housing, a person is more challenged to find and keep stable employment. The lack of an adequate supply of housing options detrimentally affects talent attraction, the transportation system, worker productivity, and quality of life. Housing strains also impact certain areas of the Commonwealth more than others and targeted approaches are needed to ensure appropriate housing options are available to all Virginians.

When homes are affordable and accessible to jobs, individual lives are improved and communities as a whole grow stronger.

Improvements to both the supply and affordability of quality housing options are the primary focuses of the recommendations in this section.

  • Recognize the importance of having a broad range of housing options for economic development and a high quality of life for all Virginians
    • Target improvements for housing access and affordability for all Virginians, but especially to close gaps that exist among population groups
  • Address state housing needs through engagement with all stakeholders in the housing delivery network
  • Study the impact that insufficient supply of affordable, quality housing options has on the workforce and the limitations it places on future economic growth
  • Review current programs and policies to determine the effectiveness of current housing policy and strategies
  • Review the impact residential segregation has on housing opportunities and access; and explore ways to address it
  • Collect data to inform and project the future housing needs of the Commonwealth
  • Consider the findings from Virginia’s statewide housing study for recommendations to improve access, affordability, and supply of housing for the workforce
  • Encourage regional cooperation and broad-based funding methods to enable the growth of affordable, quality housing
  • Support workforce housing by addressing land use issues and constraints on the construction and housing industries such as exclusionary zoning practices
  • Expand housing incentives and programs that promote development and redevelopment efforts in our communities

  • Support financial assistance to increase the housing delivery networks capacity to deliver affordable housing services
  • Support Virginia Housing initiatives that target homeownership, rental, and community outreach
  • Expand pre- and post-closing financial literacy and housing counseling resources to enable sustainable homeownership
  • Develop innovative loss mitigation strategies to assist households in sustaining homeownership during periods of financial hardship
  • Develop targeted strategies to lessen disparities in homeownership
    • Expand access to financial resources in underserved areas
    • Establish and strengthen community and industry partnerships to identify and address key barriers facing underserved populations and markets
    • Increase wealth-building opportunities through homeownership in underserved populations
    • Expand outreach and marketing of affordable homeownership opportunities to potential homebuyers
    • Develop innovative solutions to expand the affordable home purchase inventory
  • Advance housing revitalization efforts to increase capacity and enhance living environment for renters

  • Remove barriers to increasing the housing supply such as exclusionary zoning practices and other local regulatory limitations for homebuilding and development
  • Improve the construction talent supply in order to allow for more housing options to be built with greater speed
    • Expand apprenticeship and training initiatives supported by industry and state partners
    • Support talent attraction and retention efforts
  • Support efforts to increase Virginia’s inventory of rental units and other high-density housing options as appropriate
  • Support the creation and appropriate use of tax credits, including the Historic Rehabilitation Tax Credit Program, as incentives to private investment in real estate, to broaden available housing stock, to preserve historic infrastructure, and to create jobs