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Home ownership out of reach for many in northern Kentucky

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Home ownership out of reach for many in northern Kentucky


HIGHLAND HEIGHTS, Ky. — Housing affordability is a critical issue in northern Kentucky where home prices continue to outpace wage growth. Many of the essential workers the region depends on are struggling to achieve the “American Dream” of homeownership, according to a study.


What You Need To Know

  • There is a large swath of what used to be considered “very solid middle class families,” but those occupations are no longer middle class, according to a new study
  • A household must earn at least $69,920 annually to afford a median-priced home in Northern Kentucky, which is currently $291,720
  • This follows the rule that no more than 30% of income should go toward housing costs, with those exceeding considered “house burdened”
  • Of the 630 detailed occupations in the study, just 177 or 28% can comfortably afford a median-priced home


“The narrative has been for many years that we need affordable housing, which is kind of a euphemism for: we need subsidized housing. And we absolutely do need that. But there’s a whole other set of people that work full-time jobs, they’re not on welfare, they’re not on public assistance, but they can’t afford a home either. Because housing prices have risen so much faster than wages,” said Janet Harrah, senior director of the Center for Economic Analysis and Development in the Haile College of Business at Northern Kentucky University. 

She said there is a large swath of what used to be considered “very solid middle-class families,” but “those occupations are no longer middle class. Things like teachers, LPNs, firefighters, police officers, they can no longer afford a median price home in northern Kentucky.”

Harrah put together a study showing the disparity between median home prices and household income in northern Kentucky, which is further broken down by occupation.

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A household must earn at least $69,920 annually to afford a median-priced home in Northern Kentucky, which is currently $291,720. This follows the rule that no more than 30% of income should go toward housing costs, with those exceeding considered “house burdened.”

“The bad news is we have lots of people that live and work here that really can’t afford to get into the housing market,” Harrah said. “The good news is that compared to other markets, Cincinnati is still very affordable. Not just northern Kentucky, but the whole metro area.”

Of the 630 detailed occupations in the study, just 177 or 28% can comfortably afford a median-priced home. Harrah said if current trends continue, northern Kentucky risks becoming unaffordable for the very workers who keep the region running.

“We need teachers, we need nurses, we need fire and police,” she said. “So we as a community need to figure out how do we make that job pay enough that they can still have a good quality of life and live in our community?”

Harrah said she doesn’t expect housing prices to decrease anytime soon. However, she said if people can wait another six to 12 months, she expects interest rates to go down, making it easier for people to buy a home.

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Kentucky among Southeastern states receiving FEMA disaster recovery funding

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Kentucky among Southeastern states receiving FEMA disaster recovery funding


LEXINGTON, Ky. (WKYT) – The Federal Emergency Management Agency announced the approval of nearly $23 million in funding to support natural disaster recovery throughout the Southeast.

Kentucky is among several states receiving funds for state-managed recovery programs after Hurricane Helene and other past disasters hit the Southeast, a news release from FEMA said.

According to FEMA, Kentucky, Florida and Tennessee will administer more than $2.1 million for disaster unemployment assistance to help those who may not be able to work as a direct result of a disaster.

Kentucky, alongside Georgia and Tennessee, was also awarded $2.4 million to fund crisis counseling and mental health support.

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The funds will help pay for counselors and other services to help people with disaster-related stress and trauma, according to FEMA.

More information about state-managed recovery programs funded by FEMA can be found on the agency’s website.



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Kentucky mother, daughter turn down $26 million offer for their land: “It’s priceless”

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Kentucky mother, daughter turn down  million offer for their land: “It’s priceless”




Kentucky mother, daughter turn down $26 million offer for their land: “It’s priceless” – CBS News

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A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News’ Jared Ochacher spoke with the family.

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Key dates and a possible sneak peek for Kentucky Basketball fans

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Key dates and a possible sneak peek for Kentucky Basketball fans


During his recent radio show, Pope offered a sobering reality check regarding the timeline for the rest of his staff overhaul.

“We’re going through a little bit of a hiring process that will be ongoing—probably for the next six weeks,” Pope explained. “We could have some closure on some things quickly, but I can’t really talk in detail about anything until it gets through the whole HR process.”

In a vacuum, a six-week HR timeline is standard corporate procedure. But in the modern landscape of college basketball, that timeline is a massive hurdle because of the newly accelerated Transfer Portal window instituted by the NCAA.

The 15-Day Transfer Portal window

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Players cannot officially enter their names into the Transfer Portal until April 7th. However, anyone paying attention knows that backdoor deals are already being orchestrated, and agents are prematurely announcing their clients’ intentions to leave. It is an unregulated mess, but it is the reality of the sport.

That April 7th opening is the first major date to circle on your calendar.

Once the portal opens, it remains active for exactly 15 days. When that window slams shut, no new names can enter. There are no graduate exemptions or special loopholes for late decisions. If a player plans on transferring, they must formally notify their current school before that 15-day window expires on April 21st at 11:59 PM. If they miss the deadline, they are stuck.

Mark Pope has to have his staff aligned, his evaluations complete, and his recruiting pitches perfected before that window opens. It is indeed a very short clock as the coaching staff looks to change drastically.

Once the dust from the transfer portal finally settles, the new-look Wildcats will quickly hit the floor.

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Official mid-June practices will tip off the summer schedule, but Pope recently hinted that an international offseason trip is currently in the works. Per NCAA rules, college basketball programs are only allowed to take these foreign exhibition tours once every four years.

If the trip gets finalized, BBN will get a highly anticipated, early look at this brand-new roster competing against actual opponents long before Big Blue Madness in the fall.

Needless to say, it is going to be an incredibly busy, high-stakes few months in Lexington.

Any guesses on where Pope and company plan on going? And do you like the new Transfer Portal window?



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