Housing Affordability



The Northern Virginia Association of Realtors® (NVAR) supports efforts to increase the supply of housing affordable to all income levels as we look to fill housing needs across the region. NVAR is committed to the development and preservation of diverse housing stock and to preserving the dream of homeownership for the greatest number of people possible.

NVAR is opposed to unreasonable zoning and land use restrictions that ultimately lead to increased costs for housing.

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NVAR has long supported efforts to maintain and increase housing affordability and address the housing shortages across Northern Virginia. With the arrival of Amazon’s HQ2 to National Landing, a spotlight has been shone on this need for additional and affordable housing.

Affordable housing can have many meanings or definitions depending on the income of the homebuyer or renter. Typically, housing is classified as being affordable based on a certain percentage of the area median income (AMI) assuming the cost of the monthly mortgage payment or rent cannot exceed 25-30 percent of the median monthly income for the family.

As a rough example, using the AMI for Fairfax County as $110,000, a rental unit affordable to households earning 60 percent of AMI ($66,000) would need rents at or below $1,650 per month. 

Local governments throughout the region have been studying the need for affordable housing. Fairfax County has identified the need for approximately 15,000 additional homes, affordable to households earning up to 60 percent of AMI, over the next 15 years. The City of Alexandria has seen dramatic declines in market rate affordable rental units and in opportunities for affordable homeownership for low- and moderate-income individuals and families. The city estimates that more than 15,000 units were lost between the years 2000 to 2018 due to rising property values outpacing AMI. The Arlington County Housing Master Plan projects that by 2040, nearly 18 percent of the County’s rental housing stock should be affordable (to incomes at or below 60 percent AMI) and 28 percent of new ownership stock should be affordable (to households between 80 percent and 120 percent AMI). Based on this forecast, 2,700 units of ownership housing stock and 22,800 units of affordable rental housing will need to be added for these income ranges.

Some communities have exacerbated this problem through zoning and land use regulations that increase housing costs – parking and amenity requirements, community impact fees and limits on density are just a few examples of the regulations that add to the overall cost of development that is passed on to buyers and renters. 


NVAR recommends zoning changes and other policies and incentives that facilitate the voluntary market-driven production of a wide range of housing choices at all price levels to suit our diverse population. It is essential that comprehensive plans provide for the development of housing, both owner-occupied and rental, to meet existing and forecasted housing demand without unreasonable zoning and land use restrictions that lead to increased costs for housing.



Each of the local jurisdictions in Northern Virginia and throughout the DC Metro region have focused on Housing Affordability through recent studies.  Arlington, Alexandria and Fairfax have each held community forums with a focus on solutions to housing affordability and finding ways to unlock zoning to assist in increasing the supply of housing.  Covid-19 has put a hold on some of this work as the conversation has shifted to rental and foreclosure assistance for residents suffering financial hardship due to the Coronavirus and the localities have been forced to make budgetary changes to delay some of the dedicated money for housing.