The plan involves increasing density along the Pike — as many as 14,800 new apartments and condo units over the next 30 years — partially through allowing the construction of taller buildings. It also includes retaining approximately 4,500 affordable housing units, with all of them available at 60 percent of the Area Median Income (AMI). Those units are privately owned and operated, with the possibility of the county providing incentives for property owners. It also calls for the county, over the next 30 years, to develop 2,150 new rental units along the Pike that will be contractually committed to remain affordable.
“This is the most ambitious set of actions the county has ever adopted for preserving affordable housing as part of an area plan,” said Arlington County Board Chair Mary Hynes. “Our experience has taught us that if we do not plan for affordable housing from the outset, rising property values make maintaining our diversity in housing choices and rents very difficult.”