This letter to the editor of the Washington Post by Tom Loftus President, Equitable Housing Institute, hits very close to home.
Problems described in the April 22 front-page article “Big firms scooping up home bargains,”
about Wall Street firms outbidding individuals for homes in recovering
real estate markets (such as this one), and in the same day’s Metro
article “Budget cuts threaten to upend Fairfax man’s fragile existence” are aggravated by the failure of most area jurisdictions to plan for, and permit, enough housing for their workforces. . .
Major potential sources of new housing in Northern Virginia are being
planned along the new Silver Line to Dulles Airport and eastern Loudoun
County. But the local governments that ultimately will make the
decisions about these communities have resisted allowing enough housing
for future workers in those areas. . . .
Click here for the rest of this letter.
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