Affordable Housing Bond Investments

Image of a woman walking on a sidewalk next to an affordable housing community

In November 2025, Columbus voters approved a $500 million Affordable Housing Bond — the largest local housing investment in city history.

This investment builds on the city’s previous affordable housing bonds and a proven track record of creating and preserving affordable housing throughout Columbus. Since 2019, affordable housing bond investments have helped create or preserve more than 7,000 housing units, including affordable rental housing, homeownership opportunities, permanent supportive housing and critical home repairs for low-income homeowners.

As Columbus continues to grow, the Affordable Housing Bond will help expand housing opportunities, preserve affordability, strengthen housing stability and connect more residents to jobs, services and opportunity.

COMING SOON: Citywide Interactive Map

Results to Date

  • More than $200 million in affordable housing bond funding committed or allocated
  • More than 7,000 affordable housing units created or preserved
  • More than 6,000 affordable rental units
  • Nearly 700 permanent supportive housing units
  • Nearly 280 affordable homeownership opportunities
  • More than $7 million invested in critical home repairs for low-income homeowners

Affordable Housing Priorities

Build and Preserve Affordable Homes: Support the construction, rehabilitation and preservation of affordable housing for low- and moderate-income households.

Strengthen Housing Stability: Help residents remain safely housed and support individuals and families experiencing housing instability or homelessness.

Expand Access to Opportunity: Create housing opportunities near jobs, transportation, schools, services and other community assets.

Encourage Innovation: Support new partnerships, housing models and development approaches that help deliver affordability more efficiently and effectively.

Funding Opportunities

The City of Columbus offers multiple funding opportunities for projects from affordable housing developers and housing partners.

NEW: City-Led Open Application Round

The City also offers funding opportunities for affordable housing projects that are not pursuing Ohio Housing Finance Agency Low-Income Housing Tax Credits.

Funding may support projects that advance the city’s affordable housing priorities, including housing near jobs and transit, deeper affordability, family-sized housing, adaptive reuse and neighborhood-scaled housing options.

Application Status: Open

Application Period: June 15, 2026 – July 17, 2026

Resources:

 

Affordable Housing Tax Credit Applications (OHFA)

The City accepts applications in coordination with Ohio Housing Finance Agency funding rounds. Eligible projects may receive local financial support and letters of support as part of the competitive tax credit process.

Application Status: Closed 

 

Questions?

For questions regarding affordable housing funding opportunities, project eligibility or application requirements, email rentalfinance@columbus.gov.

 

 

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