Welcome to FIVE FOR FRIDAY: A weekly roundup of Public Policy Issues and Headlines from around the Northern Virginia Region, the Commonwealth and on Capitol Hill.
1. Major Housing Investment: Build Back Better framework Includes affordable housing, spares real estate investment from worst taxes
The $1.75 trillion framework for President Biden’s Build Back Better plan includes hard-fought NAR priorities like investments in affordable housing and down-payment assistance, and spares real estate investment from the most feared taxes.
2. Cornerstones launches affordable housing projects in Loudoun, Fairfax
A Reston-based nonprofit is working with Loudoun and Fairfax counties to build 214 new affordable housing units over the next three years. The new homes will bring both counties closer to their goal of creating more affordable housing for low-income families and single people at risk of homelessness.
3. FAQ: National Flood Insurance Program Expires December 3, 2021
Without Congressional action, the National Flood Insurance Program (NFIP) will expire at midnight on December 3, 2021. NAR is making every effort to secure a long-term reauthorization of the NFIP. Here are answers to frequently asked questions about what this means for upcoming closings and several proactive steps your clients can take in the interim.
4. City of Alexandria Receives Urban Land Institute’s Housing Policy Leadership Award
The Urban Land Institute (ULI), a global nonprofit education and research institute, has presented the City of Alexandria with its Robert C. Larson Housing Policy Leadership Award. This annual award recognizes exemplary state and local programs, policies and practices that support the production, rehabilitation, or preservation of workforce and affordable housing.
5. Tysons Annual Report Moves to New Online Platform
What’s going on in Tyson’s? A new online, interactive platform will showcase the monitoring data that was previously published in the Tysons Annual Report. The goal of the Comprehensive Plan for Tysons is to create a walkable, sustainable urban center. Updates to the Tysons Tracker will be made by county staff on an annual basis.