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Did You Know?
Affordable housing facts you should know:
What do you mean by "affordable"?
- A home or apartment that is affordable to those families earning 80% of Area Median Income ($51,500/year for a family of four) or below.
- 50% of Area Median Income represents a family of four earning $32,188 a year.
Additionally:
- Affordable housing demand far outstrips supply.
- Even rental housing is unaffordable to many working households.
- Rental units much more likely to experience deterioration.
- 25,000 lowest income renters pay over half of their income for housing.
- 11,000 low income homeowners pay over half of their income for housing.
- Home foreclosures have tripled in Columbus and Franklin County over the past seven years.
Projects
At the end of the second quarter of 2006, the Housing Trust had committed financing to projects in all parts of the City and County.
Here is a list of our current commitments:
| Project Name | Trust Loan Amount | Number of Units |
| Chantry Place | $1,000,000 | 100 |
| Northside Development | $225,000 | 8 |
| Westerville II | $500,000 | 30 |
| New Millennium | $70,000 | 1 |
| Waggoner Road | $1,000,000 | 175 |
| Greater Hilltop | $50,000 | 1 |
| Renaissance | $200,000 | 8 |
| North of Broad | $480,000 | 10 |
| Morse Glen | $950,000 | 248 |
| Rennick | $192,500 | 12 |
| SOUL | $25,000 | 5 |
| Youth Build | $93,000 | 10 |
| Urban Hollow | $300,000 | 158 |
| American Addition | $149,000 | 14 |
| American Addition | $100,000 | 1 |
| Franklinton | $225,000 | 16 |
| Fieldstone Court | $179,000 | 48 |
| APEX | $120,000 | 2 |
| Urban Growth (Taylor II) | $480,000 | 3 |
| Cephas Pearson | $120,263 | 3 |
| Community For All People | $64,500 | 3 |
| Samaritan Model | $126,000 | 1 |
| Samaritan | $105,000 | 15 |
| Samaritan Rehab | $50,000 | 1 |
| John Householder | $76,876 | 1 |
| Summerfield | $1,000,000 | 111 |
| MiraCit CMHA | $150,000 | 4 |
| MiraCit GreenView | $1,100,000 | 30 |
| Network Restoration II | $1,000,000 | 120 |
| Network Restoration III | $1,000,000 | 150 |
| CHP Joyce Model | $220,000 | 2 |
| CHP Joyce Acquisition | $125,000 | 25 |
| CHP Joyce Construction | $250,000 | |
| Homes on The Hill | $350,000 | 17 |
* Area Median Income - includes subsidy where applicable