Study enters next phase as city faces housing shortage
TIFFIN, OHIO – March 19, 2019 – The City of Tiffin and the Tiffin-Seneca Economic Partnership announce today that they have officially opened an online housing survey to determine the market demand for housing. The survey is part of a City-funded study to determine what kind of housing is most needed and to attract developers to create that product. The survey can be found at tiffinsurvey.com and is expected to be open for until the end of April.
Understanding from local realtors and newcomers to the community that the housing supply has not been able to meet the current demand, the Tiffin-Seneca Economic Partnership convened a committee of local realtors, builders, mortgage lenders, city council and administration members and plans were put together to interview multiple research firms. Dublin, Ohio-based DiSalvo Development Advisors was selected and hired at the end of last year.
The first phase of the study has unofficially revealed that there are about 60 homes for sale in the Tiffin market, and a recent apartment survey of 19 projects and more than 800 units showed there were just 3 vacancies. That is a 0.4 percent vacancy rate, compared to a healthy market which is considered 5 percent vacancy. The survey is the next step in the study process. It will be marketed to the general public, and TSEP will be working with local employers to distribute to their employees.
Tiffin Mayor Aaron Montz said he welcomes the findings that the survey may bring. “My office regularly gets requests about housing needs within the city. We hope that the information gathered from this study can be used to sell Tiffin to developers for commercial projects and new housing opportunities. It’s a key part of our overall community and economic development strategy.”
Questions in the survey range from the types of home people are interested, prices and locations within the Tiffin area they would be interested in relocating to. In addition, there are questions related to the types of businesses that people would like to see in Tiffin.
About the Tiffin-Seneca Economic Partnership
Started in 1983 as the Seneca Industrial and Economic Development Corp. (SIEDC), the Tiffin-Seneca Economic Partnership is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on in Tiffin and Seneca County at www.tiffinseneca.org.