Columbus city and other officials Monday announced details of a new 25 million dollar plan to acquire and preserve affordable housing in Linden.
The so-called "614 for Linden" plan also funds business microloans and health services. The money will be used to address four of 10 ideas from the city’s One Linden community plan released last year. Goals include buying and fixing 500 affordable housing units, consulting services and microloans to small businesses and entrepreneurs, and improved health services. JP Morgan Chase is donating 5 million dollars to the public-private partnership. Spokesperson Corrine Burger:
20 million dollars will be in a loan pool the Ohio Capital Finance Corporation will develop with local housing leaders to leverage more investment. The city says home ownership was 37 percent in 2015, down from 63 percent in 1980.