Ohio’s Intel project triggers housing fears in tight market
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By ANDREW WELSH-HUGGINS
yesterday


COLUMBUS, Ohio (AP) — Intel’s announcement earlier this year of a US$20 billion manufacturing operation bringing thousands of jobs to rural Ohio was greeted as an economic boon.

But behind that enthusiasm lurked a pressing question.

“Where are we putting everybody?” asked Melissa Humbert-Washington, vice president of programs and services at Homes for Families, which helps low-wage workers find housing in a region already suffering a major shortage.

Intel says its initial two computer chip factories will employ 3,000 people when the operation is up and running in 2025. The project is also expected to employ 7,000 construction workers. And none of that includes the hundreds of additional jobs as Intel suppliers move in, along with the expected boom in the service sector.

Such housing challenges are playing out across the country as companies increasingly come under fire for failing to consider the shelter needs of their new employees or the impact big developments will have on already tight housing markets.

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The challenge for areas like rural Ohio is that they don’t have local employees to build or staff a large project, said Mark Stapp, director of the Center for Real Estate Theory and Practice at Arizona State University. There’s neither the housing nor the infrastructure to accommodate the thousands of new arrivals, increasing housing prices and possibly forcing existing residents out.

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Janna Sharrett is grateful for her apartment in an affordable housing complex in suburban Columbus as the region braces for Intel’s arrival and its real estate impact. The 60-year-old customer service rep works from home and earns just US$14.94 an hour.

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She worries about the needs of people like herself as the region grows through projects such as Intel.

“Rent is outrageous. Prices of homes are outrageous. And my income is not outrageous,” Sharrett said.


Much much more at: https://apnews.com/article/technology-bu...cbad891f75
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