rent
“A great step forward,” Senate’s budget restores proposed affordable housing tax credit program
In a positive turn of events, the Senate’s version of the two-year operating budget restores a new affordable housing tax credit program that was originally nowhere to be seen in the Senate’s proposed budget. The program would attract developers to build low-income housing by making state tax credits accessible to projects receiving federal aid. Ohio […]
Real estate tech company accused of colluding with landlords to jack up apartment rents
This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. A Texas-based real estate tech company is facing a new barrage of questions about whether its software is helping landlords coordinate rental pricing in violation […]
Fewer people are moving as interest rates, rents rise
This story originally appeared in Stateline, an initiative of The Pew Charitable Trusts. Most people move during the spring and summer months, but many would-be movers stayed put this May and June amid higher interest rates and rising rents, according to change-of-address data from the U.S. Postal Service. Every state saw fewer people moving in […]
Record rent increases, low wages are driving an eviction crisis, U.S. Senate panel told
WASHINGTON — Witnesses in a Tuesday hearing detailed to a U.S. Senate committee how investors and stagnant wages are driving an eviction and housing crisis across the U.S. The chair of the Senate Banking, Housing and Urban Affairs Committee, Ohio Sen. Sherrod Brown, said that families are being priced out of buying homes, and rising […]
Ohio one of few states to skip on eviction moratorium during pandemic
When the new coronavirus emerged, a rush of 43 states and Washington D.C. instituted an eviction moratorium, temporarily blocking landlords from ousting tenants from their housing during a health crisis. Not Ohio. Two recent studies highlight Ohio’s lack of action on evictions as most other states, the U.S. Congress and eventually the CDC moved on […]
Report says most common Ohio jobs don’t pay employees enough to afford rent
Before the coronavirus hit Ohio, only three out of the 10 most common jobs actually paid employees enough to afford a basic two-bedroom apartment, according to a report released Tuesday according to a news release from the Coalition on Housing and Homelessness in Ohio (COHHIO). “Today, many of those workers have been laid off and […]
More than 500,000 Ohioans couldn’t pay rent last month, census survey estimates
A survey released by the U.S. Census Bureau estimated that more than 500,000 Ohioans were unable to pay rent last month because of financial insecurity amid the coronavirus pandemic. The bureau’s Household Pulse Survey studies COVID-19’s impact on social and economic factors like employment, finances, food insecurity, housing, health and schooling. The latest poll indicated […]