Huntington to invest $150 million in Ohio

Huntington Bancshares has announced a $150 million investment in projects meant to help low- to moderateincome Ohioans.

The bank is committing the money to the Ohio Capital Corporation for Housing, a Columbus-based nonprofit organization that works with developers on affordablehousing projects.

Huntington has now invested $513 million with the group over the past seven years.

Of the new investment, $17 million has been committed to several projects in Columbus that help low-income families and individuals, seniors and veterans, the bank and the nonprofit group said Wednesday.

Statewide, the new investment will benefit nearly 5,600 Ohioans, generate 3,700 new or refurbished affordablehousing units and support 2,800 construction jobs.

The $150 million commitment is one piece of a $16.1 billion project that Huntington announced last year to provide home, small-business and other loans meant to help lowto moderate-income people in its Midwestern market. It is the largest such effort the bank has undertaken in its 151 years.

“We believe it is vital to continuously support adequate housing for those who require it most,” said Steve Steinour, the bank’s chairman, president and CEO, in a statement.

“Ohio has been our home for the past 151 years, and we remain committed to investing in neighborhoods and affordable housing to help people lead better lives.”