Keeping Affordability in Focus As Columbus Revitalization Picks up Steam

Wednesday, March 06th, 2019
Columbus, the largest city in Ohio, is no exception to the affordability crisis that’s sweeping the nation. The shortage of affordable housing is greatest at the lowest end of the income scale. In 2013, there were 57,000 “extremely low-income” renters competing for just 21,000 apartments available at rates they could afford, according to a 2017 report from the Affordable Housing Alliance of Central Ohio. Rents are rising much faster than incomes, according to the report, and the segment of the population living in poverty is growing faster than the population as a whole. More than 28 percent of African-American residents in Columbus are considered severely cost-burdened, paying more than half of their income to rent, the report also notes. Follow this link to learn more. Sourced from: Next City