Affordable HousingBREAD

BREAD gets funding for affordable housing units in Franklin County

By June 17, 2007July 2nd, 2014No Comments

Columbus, OH – BREAD’s Jubilee Housing Campaign succeeded in getting Columbus and Franklin County to create the Columbus-Franklin County Affordable Housing Trust Fund. In 2007, the Fund helped create over 500 units of affordable housing for people making less than $39,000 a year. After continued pressure from BREAD, in 2006, Franklin County tripled the amount of money (now $3 million annually) that it is invested in the Affordable Housing Trust Fund with a guarantee that $1 million of that new funding would benefit projects built for families at or below 30% of the area median income. In addition, BREAD has worked aggressively to monitor the work of the Fund and has negotiated for more stringent reporting and targeting requirements. Since the creation of the Trust Fund, over 3,000 units of affordable housing has been financed and developed.