Cincinnati created a plan to buy homes in bulk to keep them cheap
When almost 200 single-family homes came on the market this year, Cincinnati’s Port Authority made a bold move: It outbid 12 large real estate investors and became a landlord.
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Cincinnati is working on a counterattack to skyrocketing housing and rental costs by purchasing almost 200 single-family homes that came on the market this year.
In a bold move, Cincinnati’s Port Authority and outbid 12 large real estate investors and plan to use their acquisitions to rent homes at an affordable price and transition renters into owners.
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