From now on, economic and housing development will be tied more closely together in Virginia, according to the latest executive order from the governor.
Gov. Glenn Youngkin issued and announced Executive Order 42 in Thursday at the annual Virginia Governor’s Housing Conference.
The order brings the commonwealth’s economic development and housing authorities together to collaborate on a newly announced Workforce Housing Investment Program. It requires localities applying for funding for the Virginia Business Ready Sites Program to “include a housing plan to match the job potential of each site.”
“It is clear that Virginia is growing and we need to make sure the supply of housing can meet our surging demand,” Youngkin said. “The private sector is ready to step in and meet the needs of our growing workforce with much needed workforce housing, and today’s announcement advances these efforts by accelerating workforce housing development and requiring local governments to support the housing growth that Virginia needs.”
Housing development in Virginia is substantially lagging job growth, and the state is about 550,000 housing units short of meeting current demand, according to the order. […]
— Read More: justthenews.com
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