Marketing & Community Engagement Manager at altafiber | Expert in Marketing Strategy & Community Engagement | Championing Consumer Growth Throughout the Dayton Region & Dublin, OH
Perfect timing. The math for buying a home may no longer make sense in the current environment. The surge in #MortgageRates has driven monthly mortgages 52% higher than the average apartment rent. Before the Fed started raising rates, a household with a housing budget of $2,000 could afford a home valued at more than $400,000; now with the current rates, that value is less than $295,000. Read between the lines: when you add property tax and homeowners' insurance the disparity gets higher. --- #Housing that is affordable (not "affordable housing") begins at the local level in policies and regulations that are imposed. CC: National Association of Home Builders, Robert Dietz, Karl Eckhart
Future Grant Opportunity for Housing Development! Ohio's new Welcome Home program will provide grants to local landbanks to purchase, rehabilitate, or build affordable housing for income-eligible Ohioans. Applications will open on Tuesday, January 9th. More information: https://lnkd.in/dVjQG9cN
