The Franklin County Board of Commissioners granted $5 million in COVID-19 funds to the Affordable Housing Trust to help emerging minority developers.
With more than 30,000 evictions in Franklin County since the COVID-19 pandemic began and one-fourth of renters saying they lack confidence they will be able to pay their rent, county officials have further committed to addressing the affordable housing crisis in the Greater Columbus region.
The Franklin County Board of Commissioners on Tuesday approved a $5 million grant from its federal COVID-19 funds to the Affordable Housing Trust of Columbus and Franklin County. The trust is an independent, nonprofit lender that works with private, nonprofit and public sectors to develop affordable housing in the city and county.
Boost spending capacity for emerging developers who are women and people of color whose projects are transforming neighborhoods; and"It's vital that we continue to increase the stock of affordable housing for our residents and doing that in a way that also gets more women and minorities into the real estate development business is a win-win," Franklin County Board of Commissioners President Erica Crawley said.
In 2021, the county invested in 600 new units across seven affordable housing projects and spent more than $3.2 million to prevent homelessness and help those who don't have a place to live, Crawley said previously.
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