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Housing

 

COUNTY CORP
40 West 4th Street
Suite 1600
Dayton, OH 45402
937.225.6328
937.225.5089 FAX

 

Montgomery County Housing Trust

The Housing Trust was established by legislation in 1990 by the County Commission to provide a flexible source of financial resources to address unmet housing needs of low-and moderate-income households in Montgomery County, Ohio. The Montgomery County Housing Trust has been funded each year since 1990 by a special appropriation from a one-half cent sales tax collected for affordable housing, economic development, and arts and cultural programs. In 1999, the Montgomery County Commission extended its commitment of funding for another 10 years. In addition, the Commission assigned responsibility for the management and day-to-day administration of the Housing Trust to COUNTY CORP. As administrator of The Housing Trust, COUNTY CORP’s role includes, but is not limited to:

  • Allocate Housing Trust funds in a fair and efficient manner throughout Montgomery County in accordance with the guidelines and principles adopted by the Board of Trustees. (expenditure of funds shall be consistent with the Consolidated Plans adopted by the political subdivisions located in the County)
  • Leverage private and public dollars to increase the amount of funds for affordable housing.
  • Assist in the identification of affordable housing needs in the County.
  • Providing leadership for new and innovative ways to address affordable housing on a long-term basis.

COUNTY CORP has successfully served as Montgomery County’s non-profit development arm with a mission to provide affordable housing opportunities to low- and moderate-income households since 1980. In addition to the administration of the Trust, COUNTY CORP shall continue to implement housing programs and is eligible to apply for and utilize Housing Trust dollars. In doing so, it shall submit applications for evaluation through the review and approval process established for the administration of the fund.


FAQ

What are the eligible uses of the Housing Trust?

Who is eligible to apply for financial assistance from the Housing Trust?

Are there priorities for the use of Housing Trust financing?

Are there priorities for the distribution of the Housing Trust budget? .

In what form will funds from the Housing Trust be distributed?

How much of a project or program can be funded by the Housing Trust?

What are the general underwriting guidelines for Housing Trust financing?

Are there fees associated with receipt of Housing Trust financing?

What is the basic process for submission and review of an application?

How will an applicant know that their project/program has been approved for financing?

Is it possible to lose financing once it is approved?

Can projects be changed after a funding award is approved?

How are projects evaluated (scored)? 

Are projects/programs receiving Housing Trust financing monitored?

What are the deadlines for submitting an application for Housing Trust financing?

 

Designed by
Fernando Lujan



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