Listen

Affordable Housing

Ten years after the housing collapse during the Great Recession, a new and different housing crisis has emerged.

Back then, people were losing their homes as home values crashed and homeowners went underwater. Today, home values have rebounded, but people who want to buy a new home are often priced out of the market. There are too few homes and too many potential buyers.

Columbus City Council last night approved changes in municipal tax break policies with an eye toward creating more affordable housing stock. 

 Columbus leaders have announced a new tax abatement strategy designed to increase affordable housing stock. 

A new report shows only two of the ten most common jobs in Ohio pay enough for a worker to rent a two-bedroom apartment. 

Housing and Urban Development Secretary Ben Carson wants Americans living on housing assistance to put more of their income toward rent and he wants to give public housing authorities the ability to impose work requirements on tenants.

Under current law, most tenants who get federal housing assistance pay 30 percent of their adjusted income toward rent, and the government kicks in the rest up to a certain amount.

For many poor families in America, eviction is a real and ongoing threat. Sociologist Matthew Desmond estimates that 2.3 million evictions were filed in the U.S. in 2016 — a rate of four every minute.

"Eviction isn't just a condition of poverty; it's a cause of poverty," Desmond says. "Eviction is a direct cause of homelessness, but it also is a cause of residential instability, school instability [and] community instability."

WCBE files

Columbus City Council last night rejected placing on the May ballot a plan to expand the panel and create district or ward representation.

columbus.gov

Columbus Mayor Andy Ginther and city officials are planning an overhaul of the city's tax incentive policies. 

A new report shows housing construction and occupancy downtown is growing.

bizjournals.com

The Columbus Metropolitan Housing Authority has told the 96 residents of Bollinger Tower on North High Street to leave by the end of April.

Pages