Research Topic: Homeownership

Research
Loudoun County Unmet Housing Needs Strategic Plan (2021)

The Unmet Housing Needs Strategic Plan (PDF), approved in September 2021, defines how the county will address the unmet housing needs of households in a systematic and comprehensive way with integrated programs. The plan recognizes that there is no one-size-fits-all solution to the housing issue; it will take multiple approaches applied in combination to address the issue of housing affordability; and there is no one type of housing need. The plan was developed through a strategic planning process as a key implementation step of the Loudoun County 2019 Comprehensive Plan.

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Research
Housing GVA: Goochland County Housing Study & Strategy (HDAdvisors, 2021)

The picturesque rural setting and strong community of Goochland County has been why many residents continue to call Goochland home, but those same characteristics have drawn residents from near and far. The attractiveness of Goochland County has only increased as COVID-19’s impacts on the housing market are being felt as new buyers look for more open space and privacy. But Goochland County faces a difficult balancing act: preserving its rural character while also ensuring that a diverse set of people can afford to live there. This report was prepared by HDAdvisors, who also staffs HousingForward Virginia.

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Research
City of Falls Church Master Plan: Housing (2019)

The Comprehensive Plan serves as the official policy guide for shaping the future of the City. It establishes strategies for housing efforts and projects to achieve the City’s vision. This chapter recognizes that implementation must remain flexible to changing conditions and that priorities will change.

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Research
Richmond Regional Housing Framework (PHARVA, 2020)

The housing challenges confronting metropolitan Richmond are varied and complex, ranging from homelessness to affordable homeownership. The Partnership for Housing Affordability has led a collaborative effort to create a Regional Housing Framework to encourage consistent, collective focus in addressing the region’s shared housing challenges.

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Research
Money Is Policy: How Federal Dollars are Spent: The Case for New Priorities (Terwilliger Foundation, 2017)

This Terwilliger Foundation report reveals the striking imbalance of current federal housing assistance, where most of the benefits accrue to higher income households. It notes that the median income of homeowner households ($68,797) is more than double the median income of renter households ($33,784), but renters receive none of benefits of mortgage-related tax expenditures and most of these expenditures go to higher income homeowners.

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Research
Improving America’s Housing 2017: Demographic Change and the Remodeling Outlook (JCHS)

Rising house prices and incomes, an aging housing stock, and a pickup in household growth are all contributing to today’s strong home improvement market. Demand is robust in coastal metros with especially high house values and household incomes. Demographic trends should continue to buoy the market over the next decade, with the rising tide of older homeowners accounting for more than three-quarters of projected growth. Although the huge millennial generation is set to shape future spending trends, younger households have been slow to break into homeownership and the remodeling market.

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