On January 10, 2024, Virginia House Bill 1122 was introduced, aiming to amend the existing §15.2-2304 of the Code of Virginia, which pertains to affordable housing dwelling unit ordinances. The bill, patroned by Delegate Carr, seeks to enhance the provision of affordable housing in several localities, including the City of Richmond.

The primary objective of HB1122 is to empower local governments, specifically those operating under the urban county executive form or the county manager plan, to establish affordable housing programs through amendments to their zoning ordinances. This initiative is designed to address the pressing need for affordable shelter across the Commonwealth by promoting a diverse range of housing options and encouraging the construction of moderately priced housing. A key provision of the bill allows for optional increases in density, which is intended to lower land costs associated with developing affordable housing.

Notably, the bill stipulates that any project participating in an affordable housing program will not face additional requirements to contribute to local housing funds, potentially streamlining the development process for affordable units. Furthermore, it ensures that any existing local ordinances that allow for density increases related to low and moderate-income housing, established before December 31, 1988, will remain in effect.

The introduction of HB1122 has sparked discussions among stakeholders regarding its potential impact on housing availability and affordability in urban areas. Proponents argue that the bill could significantly alleviate housing shortages and provide essential support for low-income residents. However, some critics express concerns about the implications of increased density on community infrastructure and the potential for gentrification.

As the bill progresses through the legislative process, it will be referred to the Committee on Counties, Cities, and Towns for further examination. The outcome of this bill could have substantial social and economic implications, particularly in urban centers where affordable housing is increasingly scarce. Observers will be closely monitoring debates and amendments as the General Assembly considers the best path forward for addressing housing needs in Virginia.