This week, the Covington City Commission committed to two concrete actions to address the city’s affordable housing concerns. The first is to establish a committee that will issue recommendations to the city commission on housing. The second is to instruct the city manager to identify 10 city-owned properties for sale. The proceeds will fund efforts […]
Tag: housing
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NKY has more people than homes. Now what? Let’s talk about it.
A recent housing study found that Northern Kentucky needs more than 6,600 new housing units in the next five years in order to keep up with workforce needs. But … how? Many people have many ideas, but at the end of the day, said Tara Johnson-Noem, “it’s not going to be a one-size-fits-all kind of […]
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Mayor talks affordable housing plan with Covington businesses
Businesses in Latonia got an early peek of Mayor Ron Washington’s and the city’s plan to tackle affordable housing in Covington this week. Although the issue of housing has been a recurring topic over the past couple of years, this was the first time since Washington took office that concrete interventions direct from the city […]
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New Covington mayor, business leaders talk hopes for city’s future
Newly-elected Covington Mayor Ron Washington discussed his vision for the city with local business leaders, elected officials and other regional figures at a special luncheon on Thursday. Put on by the Covington Business Council and hosted at the Embassy Suites on Rivercenter Boulevard, the luncheon provided an opportunity for Washington to discuss his background as […]
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Regional leaders present final ‘menu’ of solutions for addressing housing in NKY
The final version of a set of strategies developed by regional leaders aimed at addressing housing problems in Northern Kentucky is now available for public review. Spearheaded by the Northern Kentucky Area Development District and the Brighton Center, a wraparound nonprofit based in Newport, the strategies have been in development since at least 2023, and […]
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Old Covington warehouse on track to be converted into apartments
The Kenton County Planning Commission has approved a zoning change that would allow for Covington-based developer Orleans Development to convert an old warehouse building into apartment buildings, with 39 units and 52 off-street parking spaces.
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Regional leaders convene to pitch solutions for housing crisis: ‘This is a solvable problem’
NKY officials, business leaders, and professionals met to discuss the region’s housing problems, which stem from a general shortage of accessible housing, and presented draft options for addressing the issue.
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Is homeownership in NKY out of reach?
Written by Janet Harrah, the senior director of the Center for Economic Analysis and Development in the Haile College of Business at Northern Kentucky University Housing affordability has emerged as a critical issue in Northern Kentucky, where home prices continue to outpace wage growth, leaving many residents—especially essential workers—struggling to achieve the American Dream of […]
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How much do houses actually cost in NKY?
The Northern Kentucky Association of Realtors reported a record-breaking median house sale price of $305,000 in August 2024, up from $279,321 in August 2024, reflecting broader trends in the housing market.
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Rent is eating up a greater share of tenants’ income in almost every state
By The Kentucky Lantern’s Tim Henderson There were 21 states where a majority of tenant households spent 30% or more of their incomes on rent and utilities last year, compared with just seven states in 2019. Nationwide, about 22 million renters are shouldering that percentage. Anyone paying more than 30% is considered “cost burdened,” according to the […]
