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Fairfax County, Virginia
Fairfax County Virginia
Fairfax County Virginia

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Department of Economic Initiatives (DEI)

  1. Home
  2. Department of Economic Initiatives
  3. Unlock New Potential in Existing Places

Alert:

CONTACT INFORMATION: Our office is open 8:30AM-4:30PM M-F
703-324-5171 TTY 711
EconomicInitiatives@FairfaxCounty.gov
12015 Route 50, Suite 510
Fairfax, VA 22033
Rebecca Moudry
Director

Department Resources

  • About Us
  • Business Events & Education Calendar
  • 2025 Economic Initiatives Project Highlights
  • Accelerate Breakfasts Series
  • Economic Opportunity Reserve
  • Economic Initiatives Annual Reports
  • Fairfax CORE - Support for Small & Local Businesses
  • Fairfax County Business & Economic Data Dashboard
  • Fairfax Founders Fund
  • Pandemic Grants Impact Report
  • Sunsetted DEI Programs
  • Talent Up Northern Virginia
  • Upcoming Entrepreneurial Events

Unlock New Potential in Existing Places

The BUILD Program accelerates private investment, transforming underused parcels into vibrant commercial and mixed use communities.


Fairfax County has launched the BUILD: Site Assembly and Redevelopment Program to help developers realize new investment and community opportunities by providing financial incentives for new mixed use residential and commercial projects. It offers a 10-year partial real estate tax abatement and reduced permit fees for qualified projects.  

This updated program replaces the former Economic Incentive Program, adding more eligible locations and greater flexibility to attract private investment. Approved projects now receive a custom timeline that provides 3-4 years to complete construction before the partial tax abatement period begins. 

"Lowering development costs for new real estate projects, supports new investment and reduces barriers to build stronger Fairfax communities."

The Financial Incentives

Fairfax County lowers financial barriers to entry by providing longer-term property tax relief and reducing upfront permitting cost.

Site-Plan Fee Reduction

Keep capital fluid during early phases. Approved projects receive up to a 10% reduction in site plan permit fees.



Partial Real Estate Tax Abatement

Retain value as you scale. Approved projects receive a partial abatement of the real estate taxes - up to 10 years _ on the difference between the base value of a property and its post-development value, including any increase or decrease in the annual assessed value of the tax-exempt portion of the property.

9 Designated Redevelopment Districts

The BUILD Program applies to properties located within Fairfax County’s Commercial Revitalization Districts as well as several other commercial areas.
 

AnnandaleBailey's Crossroads / Seven CornersCulmore
HuntingtonLake AnneLincolnia
McLeanRichmond Highway: Map 1, Map 2, Map 3, Map 4Springfield

 

Ready to build? Skip the guesswork. 

Contact JoAnne Fiebe at Economic Initiatives via email or call 703-324-5171 to review your site's eligibility. More detailed information and eligibility forms can be found below. 

Program Details

The BUILD Program was established by ordinance, and amends Chapter 4 of the Fairfax County Code to create a new Article 32 entitled “Revitalization and Redevelopment Economic Incentive Program”.

  1. The BUILD Program applies to properties located within Fairfax County’s Commercial Revitalization Districts as well as several other commercial areas. 

    Annandale
    Bailey's Crossroads / Seven Corners
    Culmore
    Huntington
    Lake Anne
    Lincolnia
    McLean
    Richmond Highway: Map 1, Map 2, Map 3, Map 4
    Springfield
     
  2. Commercial, industrial, or multi-family residential or contain a mix of these uses
  3. Newly proposed property assemblage with different owners and at least two contiguous parcels
  4. Minimum of two acres.  However, the Board of Supervisors may make an exception regarding the minimum size of consolidation
  5. Not previously submitted for rezoning or site plan approval
  6. Consistent with the consolidation and use recommendations of the Comprehensive Plan, and all laws and policies related to the provision and preservation of affordable housing
     

Prior to filing an application with the Fairfax County Department of Economic Initiatives (DEI); applicants should review the ordinance eligibility criteria.  Contact JoAnne Fiebe, at Economic Initiatives for assistance in determining eligibility at 703-324-5171. Please read the RREIP Requirements and Procedures.

To request either a Final Base Value or a Final Fair Market Value of your property, please use the following DocuSign PowerForms:

Final Base Value Request Form - RREIP

Final FMV Request Form - RREIP 

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