Cincinnati has been cranking out more income-restricted apartments than it has in years, more than doubling its production of fully affordable units in the five years ending in 2024 compared with the previous five-year stretch. It is part of a national surge that pushed such completions to a decade high last year, but local housing advocates say that even this growth is nowhere near enough to meet the region’s need.
National study shows a record year for affordable apartments
According to RentCafe, more than 91,000 fully affordable apartments were completed nationwide in 2024, the highest annual total in ten years. The site’s analysis of Yardi Matrix data found that affordable apartment construction rose roughly 73% in the 2020–24 period compared…..