The Affordable Housing Trust for Columbus and Franklin County (AHT), established in 2001, is an independent, non-profit lender that works with the private, non-profit and public sectors to develop affordable housing opportunities within the City of Columbus and Franklin County. In February 2016, AHT became a certified Community Development Financial Institution (CDFI).
AHT provides loans for affordable multifamily rental developments by leveraging other sources of private and public lending and investment. Eligible uses for AHT loan proceeds include new construction, acquisition, rehabilitation and permanent financing that are otherwise unavailable through the traditional lending market.
While loans originated by AHT must meet robust underwriting standards, financing is structured in accordance with the needs of the project and in consideration of the income level of households to be served. Oftentimes, the utilization of financing through AHT can help raise market values, stimulate private development and contribute to neighborhood revitalization.
The Affordable Housing Trust facilitates participation by investment through not-for-profit and for-profit developers, thus leveraging its own funding dollars into projects. Resources are directed to builders and developers, rather than individual households helped by other social service organizations.
Individuals seeking affordable rental housing should access the Ohio Housing Locator.
Individuals seeking a Section 8 Housing Choice Voucher or Public Housing should contact the Columbus Metropolitan Housing Authority.
OUR MULTIFACETED MISSION IS TO:
Facilitate and invest in developments designed to:
➢ Create and preserve affordable homeownership and multifamily rental housing
➢ Strengthen and stabilize neighborhoods
➢ Support working households, seniors and special needs populations