Huntington Extends Support for Affordable Housing
CINCINNATI – Huntington Bank says it plans to extend its support for affordable housing throughout the state by making available another $150 million for new and refurbished rental housing through 2015.
The president, chairman and CEO of Huntington Bancshares Inc., Steve Steinour, stood Friday with Mayor Mark Mallory and the president of Ohio Capital Corporation for Housing, Hal Keller, at the North Rhine Heights Apartments building to announce Huntington Bank’s commitment. The rehabilitation of the 14-building complex with 65 units in this city’s Over-the-Rhine neighborhood is the final completed project supported by the initial $100 million commitment to the corporation for housing.
The $150 million should generate some 2,000 new or rehabilitated rental housing units for 4,500 residents, Steinour said.
The first $100 million provided 700 jobs as construction workers built or rehabilitated 1,000 rental units for 3,000 Ohio residents. Among the projects the bank helped finance from the first commitment is the Raymond John Wean Foundation Building in downtown Warren.
In the $150 million commitment, $1 million has been earmarked for physical recreation services for residents of the affordable housing projects.
Published by The Business Journal, Youngstown, Ohio.
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