(RECAP: Loudoun County is facing a shortfall of more than 18,000 housing units needed to sustain its economic growth, according to a new housing needs assessment prepared by George Mason University’s Center for Regional Analysis and housing needs analysis firm Lisa Sturtevant & Associates. The report projects Loudoun will have a demand for 66,600 new housing units between now and 2040, but is prepared to add only 48,910 in that time frame. Loudoun County is facing a shortfall of more than 18,000 housing units needed to sustain its economic growth, according to a new housing needs assessment prepared by George Mason University’s Center for Regional Analysis and housing needs analysis firm Lisa Sturtevant & Associates. Over time, the housing affordability challenges are not expected to improve for many households in Loudoun County, and for many at the lowest income levels, the challenges will be exacerbated not only in Loudoun County, but throughout the region. The report said Loudoun County can do its part to accommodate lower-income working households and seniors and others on fixed incomes by helping to promote or incentive the development of housing affordable to these households.)
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