Local governments around Greater Washington now plan to set targets for housing production over the next decade, as part of a regional initiative to build 320,000 new homes by 2030 and ease the region’s cost pressures.
Members of the Metropolitan Washington Council of Governments agreed Wednesday on a series of new goals related to housing affordability, pledging to heed the advice of researchers and advocates by committing to a major boost in construction to up the region’s housing supply.
The group, comprised of government officials from localities large and small, has spent the better part of the last year examining the issue, which has become particularly salient as D.C.’s population has boomed and Amazon has moved into Northern Virginia. But until now COG has merely worked to research the matter, and Wednesday’s vote marked the first time local leaders have collectively agreed to meet supply targets.
Broadly, COG members want the various localities to combine to produce…Read the full story from the Washington Business Journal.