Owensboro identifies urgent need for affordable housing and rehabilitation of structures

In the heart of Owensboro, city officials gathered to address pressing housing concerns that resonate deeply within the community. As discussions unfolded, it became clear that the need for affordable housing has reached a critical point, with over 72% of local properties requiring rehabilitation due to safety and structural issues. This stark reality highlights the challenges faced by many residents, particularly those living in homes built before 1970, which make up a significant portion of the housing stock.

City representatives revealed that in the past three years, 167 properties reported maintenance issues, underscoring the urgent need for investment in rehabilitation efforts. The focus is not only on improving individual homes but also on addressing broader housing needs across Daviess County and the city itself. A recent assessment indicated that 224 housing units are needed for households earning less than 30% of the area median income, a demographic that struggles to find affordable options.

The statistics paint a troubling picture: 62% of renters in Owensboro are considered cost burdened, spending more than 30% of their income on housing. Even more alarming, nearly half of these renters—47%—are severely cost burdened, allocating over 50% of their income to housing expenses. This financial strain forces many families to make difficult choices between essential needs like healthcare and housing stability.

City officials emphasized that making affordable housing a priority is essential for the well-being of the community. Public feedback has been overwhelmingly clear, with 90% of stakeholders expressing a strong demand for affordable rental options. As the city moves forward, these insights will guide efforts to create a more sustainable and accessible housing landscape for all residents, ensuring that the dream of a safe and affordable home is within reach for everyone in Owensboro.