According to a recent study by the Community Building Institute, there is a 40,000-unit shortage of affordable housing for extremely low-income households in Hamilton County (those whose incomes are below $14,678). Many of these low-income households spend significantly more on housing than what is considered affordable (30% or less of gross income), making it difficult to pay for other essential expenses. And more than 7,500 households in Cincinnati and Hamilton County experience some form of homelessness. HSC is looking at a variety of issues affecting the availability of affordable housing, including:
- Emergency assistance/eviction prevention;
- The City of Cincinnati’s new affordable housing trust fund, and identifying additional funding sources for that fund.