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Leaders press housing tools as Virginia Beach touts attainable-housing grant program
Summary
Council members pressed staff for policy tools to address low inventory and affordability while staff described an attainable-housing grant program that uses future tax revenue to close financing gaps; two approved projects are expected to add about 372 attainable units.
During the joint session on Nov. 18, Virginia Beach council members pressed staff on what local policy tools exist to address low housing inventory and affordability as city and school officials presented the five-year forecast.
A council member asked, "What tools are available to us at the city level?" Councilors and staff discussed a mix of options including zoning and comprehensive-plan changes, density incentives, accessory dwelling units (ADUs) and incentive grants for developers.
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