The report, commissioned by the Northern Virginia Affordable Housing Alliance, examined three major corridors where redevelopment is underway: Alexandria’s Beauregard corridor, Fairfax County’s Baileys Crossroads area and Arlington’s Columbia Pike corridor.
All three areas, the report says, are affordable thanks to a “lack of private investment, along with poor transportation options and infrastructure” — attributes that have made the areas undesirable to more affluent residents. Now that the Arlington County is actively encouraging economic development and planning a new streetcar line along Columbia Pike, however, the “type of households” seeking to live on the Pike will likely change, leading to “opportunities” for the owners of existing affordable apartment complexes to “reposition their properties… to attract higher-income residents.”