Loudoun County Needs Denser, More Affordable Housing, Says TRITEC’s Dan Coughlan

At a Bisnow summit on Loudoun County housing, TRITEC principal Dan Coughlan said the county needs to work with developers to add supply, pointing to Kincora, where TRITEC is land developer.

• Kincora: would add 2,400 units near the interchange of Route 7 and Route 28
• Challenge: past county rules against clustering housing in mixed-use projects delayed tax credits for Kincora’s affordable housing by a year
• Market: 90% of owner-occupied homes have four or more bedrooms, while 45% of households have one or two people

“At the end of the day, affordable and obtainable housing is a supply issue,” Coughlan said. “If you don’t have the supply, it’s going to exacerbate the situation.”

Read the full story: Wealthy Loudoun Needs Denser, Cheaper Housing As Market Pressure Builds, Bisnow