(RECAP: Teachers, store clerks and restaurant servers struggle to find affordable homes in Virginia Beach, according to a study City Council members discussed at a recent work session. Many of those residents don’t make enough to pay $1,200 a month in rent – the median rate. Now, the city has to decide if it wants to encourage fixing up older homes – which would eventually bring in more real-estate tax money to support affordable housing programs – or, if money is better spent creating higher wage jobs so people can afford what’s already here. Consultants from Virginia Tech’s Virginia Center for Housing Research presented highlights of its study at a work session Jan. 24. It included addressing housing costs, helping aging neighborhoods and keeping millennials and baby boomers in the city.)
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