WORK SESSION AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Chester W. Stribling, Chairman, Lee District Supervisor

May 8, 2008

Staff Lead:

Department: 

Anthony I. Hooper, Deputy County Administrator

County Administration

Topic: 

A Work Session to Review a Report from the Affordable Housing Committee

 

Topic Description:

The Board of Supervisors received a Task Force report in September 2006 and authorized the formation of an Affordable Housing Fund to support initiatives designed to maintain and expand the number of affordable housing units in the County.  One of the recommendations from the report was to complete a needs assessment and to develop a target number of affordable units to be achieved to provide a balance of housing types in the County.

Attached is a summary of the needs assessment prepared by the Affordable Housing Task Force. Other attachments provide the full report and statistical tables. It should also be noted that the recent significant changes in the real estate market have resulted in a lowering or stabilization of the market price of housing.   This is a different environment from the period of 2002 to 2006 when the average assessed value of housing roughly doubled.  It is uncertain how housing costs will change in the future, however the need for a variety of housing types and a range of prices remains a desired objective.

 

Requested Action of the Board of Supervisors: 

Conduct a work session.

Financial Impacts Analysis:

None

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Community Development Department

Attachments:

  1. Needs Assessment Executive Summary
  2. Needs Assessment
  3. Fauquier County Economic Profile

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