Columbus Tests Revolving Housing Fund | Columbus News

Columbus City Council President Shannon Hardin is launching a bold new plan to stretch affordable housing dollars: a revolving loan fund that loans money to developers, who repay it with interest—freeing up cash for future projects. Inspired by successful models in Atlanta and Chicago, this “social housing” strategy turns public investment into a self-sustaining engine for building more affordable homes. Hardin, partnering with a public policy expert set to deliver a Columbus-specific report in September, aims to create mixed-income neighborhoods that combat concentrated poverty while making every public dollar work harder. The city is weighing management options and funding levels, with other cities using funds from $20 million to $150 million—Columbus could follow suit to unlock broader, lasting impact. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5a1f194cc3942a3b