All over the United States folks are finding their rents skyrocketing because ‘it’s what the market will bear’. Great for corporate profits, not so great for those of us living month to month. Fortunately, Cincinnati has a lot of new housing coming online in urban areas. Unfortunately, that might mean $1200 or more per month for a one bedroom apartment. Many cannot afford such rates.
Xavier University’s Community Building Institute is addressing our housing crisis through a partnership with the Cincinnati Metropolitan Housing Authority and others. Using a holistic approach, they are seeking rent controls in some situations, new housing stock, rehabilitating existing buildings and forming alliances among all the interested parties.
As we move forward, First Monday will be an active player in helping to bring more affordable housing to at risk citizens. Stay tuned.
