“We have underbuilt housing by millions of homes over the past 15 years,” said Dennis Shea, executive director of the J. Ronald Terwilliger Center for Housing Policy. “So when a big company comes into a community that is supply constrained, the demand that they’re going to inject ... is going to affect home prices and rental prices because there’s more demand than supply.”
“It’s economic development. It’s going to employ people. But you are probably going to have to bring a lot of people into the area,” he said. And “those jobs require housing.” The central Ohio shortage includes the “missing middle” of workforce housing, or homes up to $250,000, said Tre’ Giller, CEO and president of Metro Development, one of Ohio’s largest apartment developers. A recent Zillow search showed only about 570 listings for homes $250,000 or less in the area.The housing pressure is especially intense for low-wage workers.
On the Nov. 8 ballot, Columbus voters approved a $200 million bond issue aimed at increasing the city’s affordable housing stock for homeowners earning less than $50,000 annually. “We simply do not have enough places for people to live,” Mayor Andrew Ginther said in announcing the issue in July.
I been homeless since the Pandemic. I believe every American will be homeless in the near future. Or we can rise up and eat the Super Wealthy.
Yep. Get ready for the tech bro gentrification to steamroll over that area.
Jim_Jordan GovMikeDeWine JDVance1 GOPChairwoman StephenM should be able to help solve all this...not the democrats
What a lovely picture of this lesbian and her two cats.
sorry you just had chance to change your future by voting democrat and you didnt so you reap what you so 🤨🙄🤷♂️
ppl there already need jobs... no need to worry about finding homes for ppl already there... jus'say'n
thousands of jobs created. dependency on China lowered. but debbie downer has a bad day. AP scaring me these days.
Jim Jordan thinks the answer to housing people in his state is in Hunter Biden's laptop