COLUMBUS, Ohio, June 29, 2021 (GLOBE NEWSWIRE) – The Columbus Metropolitan Housing Authority (CMHA) today announced a $ 134 million plan to award 20-year contracts to six non-profit affordable housing providers based in Ohio for a record combined total of 817 federally-funded vouchers to create additional permanent supportive housing for seniors, people with disabilities, and low-income households.
“This will be the largest project-based voucher (VAP) issue in ACSM’s 87-year history,” said Tom Williamson, CMHA CFO. “CMHA is thrilled to move forward with each of our project-based voucher partners. ”
PBVs are the federal government’s main program to assist more than 5 million people nationwide in 2.2 million very low-income households, the elderly and people with disabilities to rent low-cost housing in the private market . To be eligible, households must meet income requirements set by the US Department of Housing and Urban Development (HUD).
The six ACSM PBV recipients are National Church Residences (which received the highest total with 312 vouchers), Community Housing Network (121 vouchers), Homeport (108 vouchers), Wallick Communities (120 vouchers), Affordable Columbus Housing (113 vouchers) and Creative Housing (43 vouchers).
“This announcement is just the latest example of CMHA’s focus on providing affordable housing and meeting the needs of our people in Columbus and Franklin County,” said Charles Hillman, President and Chief Executive Officer. the leadership of the ACSM.
In total, over the life of the 20-year PBV contracts, ACSM will provide the six grantees with approximately $ 134 million in federal funding to commit to providing more affordable housing in the Columbus metro area.
“This is another great example of the long-term relationship that National Church Residences has developed with ACSM over the past 18 years,” said Michelle Norris, executive vice president of external affairs and strategic partnerships for National. Columbus-based Church Residences, which is the nation’s largest non-profit provider of affordable senior housing and the largest manager of service coordinators.
“We are honored to be a partner in supporting CMHA’s mission to develop affordable housing for seniors, as well as our vision to improve the lives of seniors,” said Norris.
The PBV program is part of HUD’s Housing Choice Voucher program.
Most housing choice vouchers are “tenant-based,” meaning families can use them to rent any private apartment that meets program guidelines. PBVs, on the other hand, are attached to a specific unit whose owner contracts with the state or local public housing agency to rent to low-income families. Families can move without losing rental assistance if another voucher is available. If a family from a voucher unit of a project moves, another low-income family that moves in receives the shelter allowance it provides.
Families or individuals in units with PBV contribute 30% of their income for rent and utilities; the voucher pays the difference between the tenant’s contribution and the unit’s total rent and utility costs. Tenants of PBV housing are supported as long as they live in the housing and continue to qualify for the program.
The ACSM selection process in Columbus and Franklin counties aims to serve a person with an annual income of $ 17,700, for example, or a family of four with an annual income of up to $ 26,200. . Through CMHA’s PBV program with its partners, the standard monthly rent would be $ 789 for a one-bedroom apartment or $ 1,428 for a three-bedroom unit.
PBVs are the most important and most available tool for creating new project-based rental aid, according to the Center on Budget and Policy Priorities (CBPP), a non-partisan research and policy institute that works on federal and state levels on tax policy and public programs. that affect low and moderate income families and individuals.
“PBVs are not widely used but are growing in popularity as they have multiple benefits for agencies and communities,” including the ability to create more affordable, mixed-income housing with funding packages that make it possible to construction or rehabilitation of affordable housing, recently reported CBPP.
PBVs can also lock in lower rents in neighborhoods where housing costs are rising rapidly – such as the Columbus area – if the contract limits rent increases to changes in the building’s operating costs by the landlord rather than ‘to changes in market rents, noted CBPP.
About ACSM: CMHA helps people access affordable housing through collaborative partnerships, fosters neighborhood revitalization, and helps residents access the social services they need. CMHA has more than doubled its housing portfolio over the past five years, including over $ 200 million in investments in 2020. We own over 4,000 affordable housing units and, through our voucher programs Housing and Rental Assistance by Project, we provide rental assistance to 250,000 residents of Ohio and Washington DC. Half of the authority apartments are reserved for labor housing for families earning 80% of the region’s median income.