NKY Housing Shortage and New Fund
Key Questions
What is Northern Kentucky doing to address its housing shortage?
A new fund offering low-interest loans to builders has been established to tackle the estimated 25,000-unit shortage across the region.
What residential developments have been proposed or approved recently?
Drees Homes is proposing a 135-unit townhome and condo community in Union, while a 336-unit apartment development in Independence has received planning commission approval with rents ranging from $1,400–$1,800.
How is Covington working to increase housing supply?
The city is seeking developers for 28 parcels of city-owned land, totaling about three acres in areas like Peaselburg and Westside, to meet growing housing demand.
What is the size and timeline of the Independence housing project?
The approved Independence development includes 336 apartments plus 10 commercial spaces and is moving forward to city council after zoning changes were approved.
Who is involved in the proposed Union development?
Drees Homes and Arlinghaus Builders are partnering on the 135-unit project featuring 29 townhomes and 106 condominiums in Union.
A new fund offering low-interest loans to builders aims to address the 25,000-unit housing shortage in Northern Kentucky. Drees Homes proposes 135-unit townhome/condo development in Union. New: 336-unit Independence development gets planning commission approval, rent $1,400–$1,800, heading to city council. New: Covington seeks developers for 28 parcels of city-owned land to address housing demand.