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Developers and housing nonprofits urge FRAC to expand tools and subsidies for affordable housing
Summary
Speakers from Habitat for Humanity, Community Housing Network and Community Better Builders told the committee that construction costs, predevelopment risk, and federal funding uncertainty are constraining affordable housing production and asked for local financing tools and policy changes.
Affordable housing developers and nonprofits told the Funding Review Advisory Committee that rising construction costs, predevelopment risk and changes in federal funding threaten the region’s ability to build and preserve affordable housing.
Brandy Alisa, president and CEO of Habitat for Humanity Mid-Ohio, described a widening gap between demand and supply: Habitat received thousands of applications but delivered a small number of homes last year, and rising material and labor costs — she said roughly a…
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