COLUMBUS, Ohio — A new report that looks at Ohio’s three biggest cities says one in every 17 homes has been in foreclosure at some point since 2009.
The Chicago-based National People’s Action says that’s almost six percent of all residential housing units in Cleveland, Columbus and Cincinnati.
The liberal interest group says nearly half of those homes were lost to foreclosure and became bank-owned properties.
The group’s report out Monday also says Ohio’s three biggest cities have lost $30 million dollars in property tax revenue because of foreclosures since 2009. It says the impact has been felt most in minority neighborhoods.
Foreclosure listing firm RealtyTrac Inc. said in April that Ohio had the nation’s 12th-highest foreclosure rate during the first three months of this year.