In late March, the Cincinnati Regional Chamber’s Center for Research and Data (CRD) released the second report in its Embracing Growth series on housing in the Cincinnati region – "Embracing Growth: Cincinnati Neighborhood Profiles", which presents data, analysis, and insights on population, housing, and home value growth in each of the City of Cincinnati’s 52 neighborhoods. It is the second in the “Embracing Growth” series, building on the eight housing growth principles detailed in “Embracing Growth: Principles for Regional Housing,” which was released in 2021.
The big takeaway from the latest report is that the majority of Cincinnati’s neighborhoods saw little or no housing growth from 2010 to 2020, and only 18 of them experienced an increase in units. Over that same time period, Cincinnati gained more than 12,000 residents but lost more than 2,000 housing units. In analyzing the growth in housing units and the growth in home values in Cincinnati neighborhoods since 2010, the CRD found an inverse correlation between the number of housing units created and the growth in housing costs. In other words, the data showed that increases in housing units resulted in slower housing cost increases.
In late 2023, the Northern Kentucky Area Development District (NKADD) released its Housing Data Analysis in eight counties to establish shared baseline data for community stakeholders to use in considering the housing inventory, cost, and relationship to economic conditions and jobs in Northern Kentucky. The study suggested that these counties need “to build 6,650 housing units to support economic development in the next 5 years.”
Together, these reports share a variety of insights that are relevant to stakeholders across our region, especially as we collectively envision a community in which individuals can thrive and employers have the workforce and talent that they need. At the Workforce Innovation Center, we know that because housing insecurity is an individual issue, it is a workforce and community issue. This is why we work with our clients to ask housing-related questions when we engage their people in our Employee Survey – Life Dimensions Assessment.
If you'd like more resources on this topic or want to know how we can help you better understand the challenges your people are facing in their day-to-day lives – inside and outside of the workplace – please email me at atreasure@cincinnatichamber.com.
Recovery Friendly Hamilton County Selected as a Promising Practice
Congratulations to our partners at Hamilton County Public Health and Recovery Friendly Hamilton County (RFHC) for being selected as a Promising Practice by the National Association of County and City Health Officials (NACCHO). Their application went through a rigorous peer-evaluation process over several months. RFHC demonstrated an exemplary and replicable initiative in response to a local public health need, reflecting the strength of the positive impact of local health departments can have on communities. RFHC will be featured in the Model Practices Database for other local health departments to review and replicate. Join us in celebrating this accomplishment for RFHC and the people and businesses they serve in our community!
RFHC has worked with companies and organizations of all sizes and types to help them become recovery friendly designees, including 3CDC, FC Cincinnati, Madtree, Messer, Gorilla Glue, Nehemiah Manufacturing, United Way, and many more. To learn how your company can become a recovery friendly workplace, you can visit the RFHC website or contact Tyler Meenach at tyler.meenach@hamilton-co.org.
In-Demand Jobs Week is the statewide celebration of the jobs, industries, and skills that are in-demand in Ohio. Community leaders statewide are encouraged to partner in planning engaging events and activities that will inspire excitement and awareness among students and job seekers. The theme for In-Demand Jobs Week 2024 is "Ohio, The Heart of Opportunity."
LEADERSHIP CENTER AT THE CINCINNATI REGIONAL CHAMBER
Applications are Open for Two Flagship Programs
The Leadership Center serves as a resource hub offering a continuum of programs that meet people where they are in their career to help them develop professionally and personally while strengthening their ties to the Cincinnati region.
Check out the following options to support your development and strengthen your connection to the Cincinnati region:
Contact Sean Comer, Vice President of the Leadership Center at the Cincinnati Regional Chamber, to learn more about everything the Leadership Center offers.
