A new coalition will seek to address growing housing needs and improve affordability by supporting new housing development across the region.
Mayors and other local leaders in central in Ohio are creating a regional housing coalition to address the region’s housing needs in the hopes of “maximizing resources” and ensuring residents can access affordable housing where they need it.
“Regional partners, stakeholders and leaders will further develop the coalition in the coming months and create a business plan for the new entity,” explains Ysabelle Kempe in Smart Cities Dive. “According to Redfin Realty, a homebuyer needs to make at least $90,000 annually to buy a home in the region — almost $15,000 more than the median household income of $76,000 per year, according to Columbus.”
The coalition, which will work to implement a series of recommendations made by task forces convened in 2021 and focused on supply, affordability, coordination, and equity and advocacy, aims to leverage public-private partnerships to support housing projects to meet the region’s estimated need of 200,000 new homes in the next decade.
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