With rising construction costs, high interest rates and a lack of readily available building sites, it’s a challenging environment for developers who are seeking to provide affordable housing in Greater Cleveland. Skyline on Stokes in University Circle offers workforce housing in a fast-growing district where most new housing is near the top of the market rent-wise (NEOtrans). CLICK IMAGES TO ENLARGE THEM.
Despite issues, homeownership in Ohio rising
Homelessness and homeownership are both rising in Ohio, pointing to a mixed bag of housing market indicators that need to be either slowed or supported by state housing policies and programs.
Those are some of the major takeaways from the Ohio Housing Finance Agency’s (OHFA) Fiscal Year (FY) 2026 Ohio Housing Needs Assessment. Using a wide range of data, the assessment identifies the scope and scale of Ohio’s housing challenges, said officials at the housing agency.
Along with input from a variety of stakeholders, the Ohio Housing Needs Assessment helps OHFA develop its Annual Plan, which highlights the strategic and programmatic priorities on which the agency will focus over the next year…