City Leaders Say Amazon Won't Stifle Affordable Housing - NBC4 Washington
Amazon HQ2 in Northern Virginia

Amazon HQ2 in Northern Virginia

City Leaders Say Amazon Won't Stifle Affordable Housing

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    City Leaders Say Amazon Won't Stifle Affordable Housing
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    SEATTLE, WA - JUNE 18: Amazon.com founder and CEO Jeff Bezos presents the company's first smartphone, the Fire Phone, on June 18, 2014 in Seattle, Washington. The much-anticipated device is available for pre-order today and is available exclusively with AT

    Leaders of Alexandria, Virginia, say Amazon's area headquarters likely won't cause unbearably high housing prices and rental rates. 

    Alexandria Director of Housing Helen McIlvain says reports show rental prices may temporarily increase by 4 to 6 percent, WTOP-FM reported Monday. She says that increase is similar to what the city has seen in recent years.

    Amazon is expected to open a campus in a new neighborhood that includes parts of Arlington and Alexandria. 

    City Manager Mark Jinks says Alexandria won't see affordable housing dwindle in response to Amazon in the same way as Seattle, Washington, and its skyrocketing housing costs.

    He says city leaders will need to keep housing affordable despite increasing home values, and there are tens of thousands of housing units planned along area transit lines.

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