COLUMBUS, OHIO—Huntington Bank has announced it will provide $150 million in new and refurbished affordable rental housing across Ohio through 2015.
Company officials say the fund will generate approximately 2,000 new or refurbished affordable housing units for nearly 4,500 Ohio residents statewide, and is anticipated to support 1,000jobs. Huntington’s recently completed $100 million investment program announced in summer 2010 supported more than 1,000 new or improved affordable housing units housing 3,000 Ohio residents, and approximately 700 construction jobs.
Steve Steinour, chairman, president and CEO, says the state is experiencing a shortage of safe, affordable housing. “Along with our partner OCCH, we want to help those displaced by the housing crisis and aid our communities as they continue their economic recovery,” he says in a statement.