What’s Next with Nicole is a biweekly opinion column. The views expressed are solely the author’s.
Homeownership is one of the fundamental pillars of building wealth in the American economy.
In Arlington about 60% of our housing stock is renter occupied and new housing stock is almost all in rental housing development, with almost no new development of ownership housing stock.
The Missing Middle housing initiative has the opportunity to provide expanded home ownership stock. The current Missing Middle draft lacks intentionality around homeownership and even pushes back against the concept. My hope is that this changes in future drafts.
Arlington has the highest median home sale price in the D.C. metro region from 2020:
- Arlington: $670,000
- D.C.: $630,000
- Alexandria: $600,000
- Fairfax: $575,000
- Montgomery County: $483,000
- Prince George’s County: $345,000
When the topic of homeownership was requested during multiple public meetings, it was largely shutdown as illegal based on “discrimination by tenure.” This is a term I have been unable to find in any fair housing laws and contrary to the fact that Arlington County is currently discussing dedicated home ownership exclusive units on Columbia Pike right now.
Homeownership is important for millennials, people aged 25-40, who are in their prime home-buying years and dominate the U.S. workforce. Millennials hold just 4.6% of U.S. wealth and have 56 million in the workforce, whereas Boomers are 10 times wealthier and hold 53% of U.S. wealth and have 41 million in the workforce.
When Boomers were in the current age-range for millennials, they held 21% of U.S. wealth or four times what millennials hold today. Since homeownership is a key to wealth building, this gap in purchasing opportunities is fundamental for the economic outlook of future generations.
We know that Missing Middle-type housing, when available for purchase, is lower-cost than single-family homes, while this rental type is not necessarily more affordable. For example, in 2021 average assessed value of homes were:
- Single-family detached: $1,000,300
- Attached townhouse: $846,800
- Condo townhouse: $686,800
- Multi-unit condos: $447,700
- Cooperatives: $158,400
Additionally, if we are planning to reduce ownership housing stock in single-family houses, we should have a plan to replace it with ownership housing. We have plans to produce thousands of additional rental units throughout the county and no plan for additional ownership opportunities, and the Missing Middle Housing initiative should be exactly where we seek to do so.
Nicole Merlene is an Arlington native and former candidate for Virginia State Senate. She has served as a leader in the community on the boards of the Arlington County Civic Federation and North Rosslyn Civic Association, as an Arlington Economic Development commissioner, in neighborhood transportation planning groups, and as a civic liaison to the Rosslyn Business Improvement District.
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Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve