Inclusionary housing; zoning.
The legislation promotes the creation and enforcement of inclusionary housing programs as a means to tackle housing affordability and availability issues. Localities are given the authority to implement measures such as density bonuses, financial contributions to housing trust funds, and allowances for accessory dwelling units. Its goal is to create mixed-income neighborhoods and help accommodate specific populations like older residents, while simultaneously working to deconcentrate poverty and alleviate the financial burden of housing costs on low- to moderate-income households.
House Bill 635 addresses the need for inclusionary housing and requires cities and towns in Virginia to develop housing plans aimed at ensuring safe, sanitary, and affordable shelter for all residents. The bill mandates that local governments create connections between economic development and housing supply, with various elements encompassing jobs, transportation, education, and community resources. Furthermore, these plans must be revisited every five years to adapt to changing community needs and ensure compliance with state guidelines.
While HB 635 aims to address critical housing challenges, it may face challenges and opposition regarding the extent of local control over zoning and housing development. Some proponents may argue that such a statewide mandate could limit the flexibility of localities to tailor housing strategies that reflect unique local needs. The requirement for collaboration and input from various stakeholders, including residents and real estate professionals, is crucial to the success of this bill, as it seeks to balance market-based approaches with community-specific needs.