Advocates for affordable housing in Virginia are holding a forum today for Richmond region candidates to speak with local residents about the state s housing crisis. Across Virginia, the median rent has increased 24%. Earlier this year, the City of Richmond declared a housing crisis based on low housing inventory. .
RICHMOND — Rent in all but five Virginia counties increased in a 10-year period, according to a Capital News Service analysis of U.S. Census Bureau gross median…
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Rent in all but five Virginia counties increased in a 10-year period, according to a Capital News Service analysis of U.S. Census Bureau gross median rent estimates. The average percent change statewide in rental costs was 24%. A wide range of occupations spend well over 30% of income on rent, some double that number. Numerous problems have compounded to create what was recently declared an affordable housing crisis by Richmond Mayor Levar Stoney and the City Council.
Rent in all but five Virginia counties increased in a 10-year period, according to a Capital News Service analysis of U.S. Census Bureau gross median rent estimates. The average percent change statewide in rental costs was 24%. A wide range of occupations spend well over 30% of income on rent, some double that number. Numerous problems have compounded to create what was recently declared an affordable housing crisis by Richmond Mayor Levar Stoney and the City Council.