Affordable Housing Trust for Columbus and Franklin County

Non-profit organization in Columbus, OH (show on map)

5.0

★★★★★

6 reviews

Independent nonprofit lender facilitating affordable housing development in Columbus and Franklin County.

Call (614) 228-6488

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About

The Affordable Housing Trust for Columbus and Franklin County (AHT), established in 2001, is an independent, nonprofit lender that works with the private, nonprofit and public sectors to develop affordable housing opportunities within the City of Columbus and surrounding counties. In February 2016, AHT became a certified Community Development Financial Institution (CDFI).

Our mission is to facilitate and invest in developments designed to create and preserve affordable homeownership and rental housing, strengthen and stabilize neighborhoods, and support working households, seniors and special needs populations. We recognize the need to dismantle discrimination and promote justice in housing, committing to diversity, equity, and inclusion in our practices and operations.

Certified Community Development Financial Institution (CDFI)

Regional Impact Fund expanding reach across eight counties

Emerging Developers Accelerator Program supporting diverse developers

Services

Affordable Housing Financing

Provides loans to developers for affordable rental, supportive, and homeownership projects.

Loans for affordable rental housing Supportive housing financing Homeownership development loans

Regional Impact Fund (RIF)

Expands AHT's capacity to finance affordable housing projects across an eight-county region.

Revolving loan facility Supports affordable rental and homeownership Targets working households, seniors, and special needs populations

Emerging Developers Accelerator Program (EDAP)

Accelerates the development pipeline by supporting emerging developers, especially women and people of color.

Mentorship and resources for emerging developers Focus on diversity and inclusion in housing development

Credentials & Certifications

CDFI Fund Certification

Since 2015

Reviews

Rating

★★★★★

Reviews

"Wonderful!!!!"

Frequently Asked Questions

What is affordable housing? +

An individual or family paying no more than 30% of their household income on rent or mortgage.

Do you assist individuals in locating available housing? +

No. AHT is a lender, providing loans for rental developments and homeownership projects. We do not lend to individuals seeking to obtain housing. Please use the Ohio Housing Locator or contact the Columbus Metropolitan Housing Authority for assistance.

Where does AHT’s funding come from? +

Our funding comes from a portion of the City of Columbus’ bed tax and Franklin County’s transfer fee for the sale of properties. We also received CDFI Fund certification in 2015, which allowed us to apply for federal grants. Additional funding comes from financial institutions, corporations and other organizations.

Who can apply for a loan through AHT? +

A developer who is building affordable housing is eligible to apply for a loan through AHT. AHT will consider projects that range from 2-4 units to 200-400 units and have affordability based on AMI levels.

How does the loan process work? +

Inquiring developers will receive an application, which details information on the developer, the project, rent ranges, how they’ll finance the project and more. From there, our Director of Lending underwrites the loan. We then take it to our board for approval or to the investment committee of our Housing Action Fund for approval. Finally, we provide a commitment letter and close on the loan.

Who can I talk to with more questions or to express interest in developing affordable housing with AHT? +

Contact info@hztrust.org for general information or david@hztrust.org for a loan application or questions about our loan products.