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Hampton Roads city leaders said Wednesday they are working to find solutions for the region’s affordable housing shortage although they have limited resources. “This is a nationwide crisis we are confronting,” Virginia Beach Mayor Bobby Dyer said during the event in Chesapeake. The Hampton Roads Association of Real Estate Brokers teamed up with Virginia Housing and Community Development Corp. .
Redeveloping malls, tying housing to economic development deals and financial assistance for first-time homebuyers are all on the table to combat a regional affordable housing shortage, Hampton Roads leaders said Wednesday.