Ohio Economic Justice & Social Impact Blog

News, Updates, and Analysis for Ohio’s Public and Private Owners and Developers

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Latest from Ohio Economic Justice & Social Impact Blog

A Bloomberg opinion article argues that neighborhood style single and multi-family homes built specially for renters could help make housing more affordable and also avoid existing homeowners’ normal aversion to high-capacity housing (“Not-In-My-Backyard-ism”). The author claims that institutional investment opportunities currently lie in building new homes, rather than in buying economically opportunistic existing homes because the market is now currently dealing with low rates of inventory. In new built-to-rent communities, high capacity housing will likely…
When Goodwill of South Central Ohio purchased a property belonging to the Chillicothe City School District, neighborhood residents were concerned about how a new warehouse (and potential future industry) would impact their community. Goodwill of South Central Ohio CEO Marvin Jones, a Tiffin native, hosted a meeting to listen to citizens’ concerns and Goodwill amended its zoning application so that only some of the land will be zoned for industry. Read more in the Chillicothe…
The City of Dayton plans to sue Wright-Patterson Air Force Base and the U.S. Department of Defense to prevent the continued chemical contamination of drinking water. While Wright-Patt responded that it is taking an “aggressive” approach to addressing the issue, and is collaborating with state authorities, the City of Dayton threatened to file a lawsuit in early May if the situation is not addressed. Read more in the Dayton Daily News here.…
A pair of proposed laws may soon protect Akron tenants from eviction both by stopping evictions for tenants who are able to pay back rent through pandemic assistance, and by prohibiting landlords from using particular sources of income (such as child support, housing vouchers, welfare and other income subsidies) as sole grounds for denying rental applications. The laws will continue to be debated through April. Read more on the Akron Beacon Journal website here.…
A partnership of JobsOhio, Ohio Development Services Agency, Team NEO, Western Reserve Port Authority, Youngstown-Warren Regional Chamber of Commerce and Macy’s Corporate Services LLC, operating as a distribution and logistics center for Macy’s Inc. in North Jackson, has announced plans to expand at the facility to operate a fulfillment center. Macy’s will add 417 new jobs and retain 55 employees. The project will include a $29.9 million capital investment to accommodate this growth. Macy’s corporate…
The Western Reserve Community Fund (WRCF), which is managed by the Development Finance Authority of Summit County (DFA), received official certification as a Community Development Financial Institution (CDFI) from the CDFI Fund, a program overseen by the U.S. Treasury. All CDFI’s share a common goal of expanding economic opportunity in Low-Income Communities by providing access to financial products and services for local residents and businesses, striving to foster economic opportunity and revitalized neighborhoods. See full…
In response to this growing issue the problem of Ohioans in Appalachia without stable internet, Ohio Capital Finance Corporation, with funding support from CareSource, a Dayton Ohio-based multistate nonprofit managed care plan, created the $5 million investment fund, the CareSource Fund for Appalachia. Through this fund, OCFC will leverage resources to assist LMI residents with access to the internet with goals of improving health and education outcomes. By providing low cost (1.5%) bridge financing, the…
Ohio Capital Finance Corporation (OCCH), in partnership with CareSource, Nationwide Children’s Hospital, Robert Wood Johnson Foundation and Partners For Kids, announced in January a $4 million effort to build and rehabilitate affordable, high-quality rental housing in Columbus. Healthy Homes, the affordable housing arm of Nationwide Children’s Healthy Neighborhoods Healthy Families initiative is serving as the developer of this effort. OCFC assisted in structuring these investments to create a capital stack comprised solely of funding from…