Hardin investigates Columbus housing loans

Columbus City Council President Shannon Hardin is proposing a revolving loan fund utilizing a portion of the city's $500 million affordable housing bonds to finance affordable housing projects. The plan aims to extend the bond dollars by creating a fund where repayment from developers is reinvested into new projects, similar to models used in other cities. A report is underway to assess the feasibility of the fund, which could range from $20 million to $150 million, and would focus on developing mixed-income communities to address housing shortages and promote economic diversity.

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