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Roanoke City Leaders Examine Housing Market Trends

Roanoke City Council holds annual summit to discuss future plans and initiatives, including housing development.

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OANOKE, Va. – The Roanoke City Council convened for its annual summit to discuss plans for next year, focusing on housing initiatives.

    Following the approval of a zoning law in September that permits multi-family developments throughout all neighborhoods, city planners assured that property values will not decrease due to this change. Instead, it's expected to increase medium-density housing, an issue of particular interest to some new council members.

    Incoming Council Member Terry McGuire expressed enthusiasm for tackling affordable and lower-income housing, as well as mixed-use developments and creative redevelopment projects. The discussion also touched on next year's budget plans, with both current and incoming council members weighing in.

Roanoke city leaders analyze housing market trends in local community meeting.