Akron, often referred to as the “Rubber City,” rose to prominence in the late 19th and early 20th centuries due to its booming rubber and tire industries, becoming a crucial hub for companies like Goodyear and Firestone. This rapid industrial growth attracted a diverse workforce and shaped the city’s landscape with vibrant neighborhoods, cultural institutions, and a strong sense of community.
However, as the rubber industry began to decline in the latter half of the 20th century, Akron faced significant economic hardship. The loss of manufacturing jobs resulted in population decline, suburban migration, and disinvestment in urban core areas. By 2010, Akron’s population had dropped to around 199,000, down from a peak of over 300,000 in the 1970s. This decline has left behind a legacy of vacant properties and neighborhoods in need of revitalization.
Akron’s uniqueness lies in its historical diversity and the resilient spirit of its residents. The city has cultivated a rich heritage in arts and culture, maintaining institutions such as the Akron Art Museum and the historic Goodyear Theater. Yet, this cultural legacy stands in stark contrast to the current challenges the community faces.
Current Economic Hardships and Housing Inventory
Today, Akron grapples with significant economic challenges. The unemployment rate remains above the national average, and many residents face financial instability. This has intensified the demand for affordable housing—a pressing issue that underscores the need for comprehensive solutions to address both housing quality and accessibility.
The overall housing inventory in Akron is characterized by:
- Substantial Vacancies: A considerable number of homes in Akron are abandoned or in disrepair, contributing to a surplus of housing stock in certain areas. Approximately 15% of housing units are reported as vacant, which is higher than national averages.
- Affordability Issues: Many low- to moderate-income families in Akron struggle to find affordable housing that meets their needs. The National Low Income Housing Coalition reports a significant shortage of affordable units, with many residents paying upwards of 30% of their income on housing costs.
- Quality of Housing: The existing affordable housing stock often suffers from neglect and requires significant investment to meet safety and quality standards. This not only affects the desirability of the neighborhoods but also the dignity of the residents living there.
Opportunities for Development
The potential for building affordable new homes in Akron is both an urgent need and an opportunity to honor the city’s legacy and dignity. Focusing on affordable housing projects can serve both to provide homes for those in need and to uplift the entire community by fostering economic development, enhancing neighborhood stability, and revitalizing the city’s unique cultural identity.