Affordable Housing pilot program in Columbus area

Student News | Tuesday, September 8, 2020

Franklin County Treasurer Cheryl Brooks Sullivan has announced the establishment of an Affordable Housing Linked Deposit Pilot Program. It allows the County Treasurer to take all actions necessary to establish Linked Deposit Programs, including affordable housing.

“As the demand for affordable housing is ever increasing throughout Franklin County, my office took the necessary action to support developers who are seeking to build more affordable housing units,” said Sullivan. “As echoed in the Franklin County Commissioner’s Rise Together: A Blueprint for Reducing Poverty in Franklin County, our collective aim is to decrease the number of housing cost-burdened residents throughout the county.”

The Affordable Housing Linked Deposit Pilot Program will be in collaboration with Community Development for All People at their Lockbourne Green residential site. 100% of the building will be earmarked as affordable housing for people making less than 30% and up to 80% of the area median income (AMI). Currently, that’s $17,700 and $47,200 per year for a single person, or $25,260, and $67,360 per year for a family of four. This building will also feature a community space that will provide opportunities for events, training, and other gatherings.

For more information on Community Development for All People’s affordable housing initiatives, please visit https://www.4allpeople.org/Affordable-Housing.

 

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