Michelle Proulx joins our team in the role of Vice President. In this Role Michelle oversees AHT’s loan and asset management departments. Michelle is passionate about affordable housing and has dedicated her career to working with several developers that have specialized in affordable, subsidized, and/or supportive housing.
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2023 Wrap Up
Leveraging Our Impact
Greetings,
2023 proved to be a significant year for AHT. In the last year AHT has been intentional about leveraging the impact of our institution in sustainable and meaningful ways to advance and increase access to affordable housing in our local communities.
AHT was established over 20 years ago and our commitment to addressing the critical need for affordable housing has been unwavering. As the affordable housing requirements of our communities have changed, AHT has adapted to meet these demands. Through the establishment of new programs to closing additional funds that bolster capital in innovative ways to better leverage public and private dollars to successfully stabilize and expand housing efforts.
It is with pride and excitement that I share a few highlights that illustrate AHT’s impact on the affordable housing ecosystem in Central Ohio:
Emerging Developers Accelerator Program:
- Secured another $500k from Chase
- Second cohort graduated in October and third cohort is halfway through the program
- Deployed $7.5MM in loans, plus $427k in soft loans
- Created or preserved 79 units
Housing Action Fund:
- Closed + committed + pipeline is in excess of $100MM
AHT Regional Impact Fund:
- Closed $65MM fund in October allowing AHT to expand lending footprint 8 counties in the region
- Established new relationships with the State of Ohio Department of Development, Crane Group, First Financial and KeyBank
CDFI:
- AHT awarded $3.5MM in CDFI ERP dollars
- $4.5MM CDFI Fund Capital Magnet Fund Awarded to AHT
AHT Grant Program:
- At the conclusion of 2023 AHT has awarded over $500,000 supporting 12 organizations
AHT’s mission remains central to our agenda in 2024. Central Ohio is on the verge of rapid growth and development. The production of affordable housing units is only one part of the solution in transforming underserved communities. For affordable housing initiatives to be successful, these efforts must be accompanied by other sustainability and community focused programs.
Access to decent, stable, and affordable housing provides critical stability for families and individuals. When people have affordable housing options it creates a larger positive economic impact for the whole community.
Project Highlight
McKinley Manor is a 44-unit affordable housing community that will serve low-income seniors. The $14MM project leverages public and private investors including the City of Columbus, Franklin County, the Ohio Housing Financing Agency, Marble Cliff Capital, Park National Bank and AHT. The project held a grand opening earlier this month and will offer permanent supportive housing for residents.
AHT Staff Spotlight
Welcome Michelle, Janie, Kiana and Tyler!
As AHT continues to grow we have also worked to scale staff to meet that growth. This has included developing current staff as well as hiring new talent. Over the past six months AHT has welcomed several new staff with professional skills and expertise to support and enhance existing systems and processes and develop new strategies to be prepared for sustainable growth in the future.
Janie Boykin is AHT’s new Legal Assistant. Janie brings experience in commercial real estate with extensive knowledge in office and legal administration to her role.
Kiana Cleveland joined AHT in the role of Staff Accountant. Kiana brings a background in accounting and professional experience in manufacturing, legal, real estate and non-profit industries.
Tyler Finken is a financial professional with experience in a variety of finance, accounting and auditing roles. In his role as Senior Account, Tyler will round out AHT’s accounting department bringing dynamic knowledge and expertise.
AHT In The News
Let's Talk
Are you a developer interested in partnering with us, or do you know one who should be? Check out our FAQs here or email our Director of Lending David Butcher: david@hztrust.org
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