Restoring Prosperity
The Greater Ohio Policy Center Blog
In many weak-market neighborhoods, public investment is often required to catalyze private development. However, in legacy cities, local governments often do not have the resources to take this first step towards revitalization, which presents an opportunity for states to support local municipalities.
Earlier this week, HB675 was introduced in the Ohio House by Rep. Hillyer (R – Uhrichsville) and Rep. Swearingen (R – Huron). This legislation provides dedicated funding to the Clean Ohio Revitalization Fund (CORF). CORF was highly successful, providing the state with a four-to-one economic return. CORF is recognized as a community-responsive tool for brownfield redevelopment efforts.
The New Jersey Transit Village Initiative is an excellent example of how states can utilize policy to support local communities in providing residents with an enhanced quality of life and transportation options. It supports legacy city revitalization by incentivizing growth and economic activity in existing urban centers, supporting public transportation, and promoting sustainable land-use practices.
Greater Ohio Policy Center is one organization among many concerned about an impending housing crisis in the Ohio. As state groups continue to advocate for Congressionally-funded rent assistance program, tenants should maintain contact with their landlords regarding their ability to pay.
