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Chesterfield housing costs rising; county hears federal funding uncertainty, local zoning options
Summary
Presenters from Partnership for Housing and Affordability told the Chesterfield County Board of Supervisors that population growth and rising home prices are increasing housing cost burdens; presenters flagged potential delays in federal grant administration and outlined local options including smaller lot sizes and corporate engagement.
At a Chesterfield County Board of Supervisors work session, Partnership for Housing and Affordability presenters summarized county housing trends and local policy options, saying demand and prices have risen sharply and that uncertainty at the U.S. Department of Housing and Urban Development could slow some federal grant activity.
"I'm Woody Rogers, the policy director at Partnership Housing and Affordability," said Woody Rogers, noting Chesterfield's rapid growth and rising prices. Rogers said the county added "nearly 26,000 residents, to nearly 400,000 in total population," and that the median home sale price reached "nearly $413,000" in 2024 and rose to about "$424,000" in January as discussed in the presentation. Rogers said, "in order to afford that median sales price of $410,000 you would need to earn almost $124,000" as a household, and that roughly 60% of current Chesterfield households cannot meet that income threshold.
The presenters emphasized rental pressures as well: Partnership reported an average…
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