The Housing Crisis Goes Suburban
By Michael Grunwald
Sunday, August 27, 2006; Page B01
In the past five years, housing prices in Fairfax County have grown 12 times as fast as household incomes. Today, the county's median family would have to spend 54 percent of its income to afford the county's median home; in 2000, the figure was 26 percent. The situation is so dire that Fairfax recently began offering housing subsidies to families earning $90,000 a year; soon, that figure may go as high as $110,000 a year.
Seventy years after President Franklin D. Roosevelt declared that the Depression had left one-third of the American people "ill-housed, ill-clothed and ill-nourished," Americans are well-clothed and increasingly overnourished. But the scarcity of affordable housing is a deepening national crisis, and not just for inner-city families on welfare...
....(Still), Fairfax County illustrates how the creative solutions to the current crisis are emerging locally. It was one of 130 communities to adopt "inclusionary zoning," requiring developers to reserve a percentage of affordable units. It is one of more than 300 communities with affordable-housing trust funds; Fairfax voters approved a "Penny for Housing" initiative that will divert one cent of property taxes to subsidized projects. The Fairfax housing authority is also at the cutting edge of "workforce housing," offering 20 single-room apartments for day laborers in its own offices, while building and buying several dozen townhouses to rent to nurses, police officers, firefighters, teachers and bus drivers...MORE
community Service means Business!
27 August 2006
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