Veteran journalist Carl Hoffman believes he’s solved one of the great mysteries of the 20th century. In 1961 at the age of 23, Michael Rockefeller – son of New York Governor Nelson Rockefeller and a member of one of the richest and most powerful families in America ¬– travelled to remote New Guinea in search of primitive art for his father’s new museum.
Huntington Bank and Columbus Housing Partnership are coming together to help combat the foreclosure crisis in Central Ohio. WOSU’S Kim Fox reports, Huntington is devoting millions of dollars to the effort.
The foreclosure crisis is hitting Ohio in the worst way. But two local Realtors hope to educate the public by showing foreclosed properties to potential buyers with their Foreclosure Caravan Tours.
A pending Senate bill offers $300,000,000,000 in mortgage help to borrowers and lenders. The bill also allocates nearly $4,000,000,000 to rehabilitate homes in older neighborhoods. The Columbus Housing Partnership says it hopes to get some of that money.
The most recent figures on mortgage defaults and foreclosures in Ohio are alarming. Last October, for example, there were 17,000 filings, up 136 percent from the year before. That’s one filing for every 290 Ohio households. Now some homeowners are finding assistance from the non-profit Columbus Housing Partnership.
There’s good news on the housing front in Ohio. Prices in the Columbus and Cincinnati housing markets are said to be stable.
Estimates are there are between 100 and 300 people living on the streets or on the land in Columbus. The Community Shelter Board said it’s made progress in helping to place many of these people in permanent housing.
Between 2001 and 2003, records were set for housing starts in Central Ohio. But now the number of housing permits is declining, and quite drastically. And a local expert says spec homes built during the recent housing boon are partly to blame.
It’s been four years since the City of Columbus launched its downtown business plan. One of the goals is to encourage creation of 10,000 housing units by 2012. And according to city officials new housing is well underway.
U-S home sales will be reported today and Thursday. Real estate analysts will closely watch median price and inventory levels of existing homes to get a good read on housing markets. But, a housing consultant says more consumers in Columbus and other Midwest markets are losing their homes through foreclosure. Mildred Wilkins, founder of Home Ownership Matters of Indianapolis, says that regional housing markets are “depressed.” right now.
Columbus city officials say they will use a new study on central city housing development to stimulate neighborhood revitalization.