Affordable Rental Housing
PROJECT DETAIL
CATEGORIES
Program Summary:
The Guernsey County Community Development Corporation (CDC) provides affordable rental units to working, moderate income families. The rental market in Guernsey County has seen an increase in rental prices over the past two years, due in large part to the influx of oil and gas industry workers. The average rent for a family unit in Guernsey County is $1,500.00 and for those families that earn too much income to qualify for HUD but not enough to pay the increased cost of rent, they are left with little to no options.
That is where our program comes in. The CDC’s Affordable Rental Housing aims to provide low cost rental units for individuals and families. We acquire dilapidated homes and conduct a complete restoration on the unit. This helps preserve housing stock, improve the local property values and ensure that local residents have access to affordable homes.
Eligible Participants:
Individuals and families that have stable employment.
Program Capabilities:
Provide affordable housing to working individuals and families;
Increase stability in the housing market and help to increase local tax revenues and economic stability;
Rehab houses in low income neighborhoods in order to increase property values;
Examples of Success:
The CDC has successfully rehabbed 22 homes and apartments and provided affordable housing for 10 families and 12 individuals.
