From the Columbus Dispatch:
The Columbus Metropolitan Housing Authority plans to spend $247 million in 2020 to acquire 500 units and acquire and rehabilitate, or just rehab, another 928.
The Columbus Metropolitan Housing Authority continues to shed public housing units while acquiring others where residents can use federal housing vouchers to live.
The authority plans to spend $247 million in 2020 to acquire and renovate units, at an average cost of $172,969, using a combination of money from the agency, tax credits for low-income housing and other sources of outside financing to do so.
CMHA plans to acquire 500 units next year and acquire and rehabilitate, or just rehab, 928 more to boost its inventory.
“What makes us unique is that we have taken on the strategy of a real estate developer, a construction manager,” said Tom Williamson, the housing authority’s chief financial officer.
Read the Columbus Dispatch's article "Housing authority continues to change definition of public housing," featuring the Columbus Metropolitan Housing Authority.