Did You Know?
Affordable housing facts you should know:
What do you mean by "affordable"?
- A home or apartment that is affordable to those families earning 80% of Area Median Income ($51,500/year for a family of four) or below.
- 50% of Area Median Income represents a family of four earning $32,188 a year.
Additionally:
- Affordable housing demand far outstrips supply.
- Even rental housing is unaffordable to many working households.
- Rental units much more likely to experience deterioration.
- 25,000 lowest income renters pay over half of their income for housing.
- 11,000 low income homeowners pay over half of their income for housing.
- Home foreclosures have tripled in Columbus and Franklin County over the past seven years.
PROJECT HIGHLIGHT:
Community Development For All People
JUST ONE WAY WE BUILD COMMUNITY
Community Development for All People is a faith-based, non-profit community development organization dedicated to creating a community that welcomes and cares for all people.
They work to improve the economic, social and spiritual quality of life for residents of the south side.
In cooperation with The City of Columbus and Enterprise Community Partners, Community Development for All People renovates homes and makes them available at a reduced cost to low-income buyers. This improves home ownership and strengthens our community. The program also employs marginalized individuals for some of the renovation process.
Most recently, The Housing Trust has contributed significantly by providing additional loans in excess of $500,000 to Community Development for All People’s project on the south side of Columbus. The overall goal of this development project is to strengthen the neighborhood surrounding the south side where people come to work, reinvest and contribute to the holistic betterment for the community.
