Housing study: Ohio rents rise faster than incomes, homelessness jumps

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.

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.

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