Living in Washington, D.C. can be tough, but living in Virginia isn’t necessarily any easier. Washington Business Journal reports that the majority of market-rate affordable housing in Alexandria, Virginia, has disappeared in the last 17 years.
To be more specific, 90 percent of market-rate affordable housing (or units for households earning 60 percent of the area median income) disappeared between 2000 and 2017. Now, the inventory totals 1,749 apartments.
As a comparison, Arlington, Virginia, similarly lost a large majority of its market-rate affordable housing in the similar span of time. According to Washington Business Journal, Arlington lost 86 percent of its market-rate affordable units between 2000 and 2016, ending with 2,780 units.
To see more data on Alexandria and Arlington, Virginia, check out Washington Business Journal’s full article here.
• The rent is too damn high, Alexandria edition [Washington Business Journal]