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<br />EXAMPLES OF REGIONAL HOUSING TRUST FUNDS <br /> <br />Columbus/Fronklin County [Ohio] Affordable Housing Trust Fund was established <br />in 2000. Initially it was funded with annual appropriations from the city and <br />county, but in 2005 this source was replaced with a permanent source of funding <br />from the real estate transfer fee. Half of the funds go toward homeless. The <br />remainder is divided between housing affordable to households at less than 60% <br />of median income and workforce households earning between 60-1200/0 of <br />median income. The board is appointed by the City of Columbus and Franklin <br />County. In the first year, financing was committed to 784 homes, in several local <br />jurisdictions-suburbs, townships and the central city of Columbus_ <br /> <br />Montgomery County, Ohio Housing Trust Fund, established in 1990, is funded <br />with earmarked sales tax. It has five priorities: rehabilitation of owner-occupied <br />housing, rehabilitation of rental units, construction of new housing for households <br />at less than 800/0 of median income, homebuyer counseling and services, and <br />transitional housing for homeless. In 12 years an average of 232 units a year <br />have been developed by County Corp, a private nonprofit that administers the <br />fund. <br /> <br />Ames, Story County, Iowa Partnership began in 1997. Eight of 15 cities <br />voluntarily participate. The obiective is to encourage owner-occupied housing on <br />a multi-jurisdictional basis. The original intent was to construct new homes and <br />apartments in Ames. A change in the housing market made it less costly to <br />provide down payment and closing-cost assistance to first-time homebuyers in <br />municipalities outside Ames. <br /> <br />29 <br /> <br />Linda S. Donnelly. ;\.I.C'.I'. <br /> <br />;\ Ugllsl 2006 <br />