CareSource helps expand affordable housing in Central Ohio

COLUMBUS, OHIO, November 20 — Today, the Affordable Housing Trust for Columbus and Franklin County (AHT), in collaboration with key investors, including CareSource, unveiled a $60 million Regional Impact Fund to increase the number of housing units in Central Ohio. The groundbreaking initiative aims to address the pressing need for affordable housing in this area.

President and CEO of Affordable Housing Trust
Lark T. Mallory addresses the crowd in Columbus, Ohio announcing a $60 million Regional Impact Fund to increase the number of housing units in Central Ohio. (Photo: CareSource)

AHT facilitates and invests in developments that prioritize creating and preserving affordable homeownership and rental housing. AHT goes beyond physical structures, aiming to strengthen and stabilize neighborhoods, fostering a sense of community.

“CareSource recognizes that helping expand access to affordable housing is the key to building our communities and neighborhoods and directly impacting health outcomes of Ohio families,” said Deirdra Yocum, Vice President of Ohio Market Operations for CareSource. “This innovative partnership will prove the Central Ohio region is not only willing to invest in the health and future of families but also a leader in finding solutions to the affordable housing crisis.”

Other investors include: Crane Group, First Financial, Huntington National Bank, KeyBank, Licking County Housing Investment Fund, LLC, Nationwide, Ohio Capital Finance Corporation, Park National, PNC Bank, and the Ohio Department of Development.

“CareSource is pleased to partner with the Affordable Housing Trust to invest in affordable housing for the communities of Central Ohio,” said Maura Klein, State Housing Strategy Lead, CareSource Ohio. “Addressing the needs of the community by offering affordable housing places families on a path of new opportunity while providing stability and hope. We know that affordable housing is a national crisis, and our investment is our commitment to creating sustainable solutions.”

The fund symbolizes a shared commitment among partners and investors to confront the housing challenges facing Ohio communities. By providing a flexible and substantial capital source, this partnership will empower the AHT to impact the lives of others for generations.

The 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 Franklin County. This event follows the successful June 2019 launch of the Housing Action Fund, where the AHT introduced a $100 million initiative to address the need for affordable housing in Franklin County.