From Columbus Metropolitan Housing Authority's press release:
The Columbus Metropolitan Housing Authority (CMHA) announced today it is issuing $30 million in general revenue bonds this year as part of a plan to develop or acquire a minimum of 500 affordable mixed-income units annually in Columbus through 2025.
“Our vision for 2021 and beyond is to help solve the region’s affordable housing crisis by acquiring, developing and constructing more affordable housing than ever before as we continue to build upon our record-setting 2020 accomplishments,” said CMHA President and CEO Charles D. Hillman.
“CMHA’s decision to move forward with our community partners on a $30 million bonding plan will help us bring an exciting new supply of affordable housing opportunities to Franklin County and deliver long-term stability for families in the Columbus area, where affordable housing represents a critical unmet need for the foreseeable future,” Hillman said.
CMHA’s vision to build at least 500 low- and mixed-income units annually through 2025 comes as the supply of affordable housing in Columbus and Franklin County cannot keep up with demand. While most cities in Ohio and the Midwest have been losing population since the 1960s, Columbus’ population has exploded.