Linden Neighborhood Conversation

Robin Davis
Director of Media Relations
614.645.2425
rcdavis@columbus.gov

Melanie Crabill
Communications Manager
614.645.5300
mjcrabill@columbus.gov

Media Advisory
News Date: November 25, 2019

The 614 for Linden to Advance the One Linden Community Plan

The City of Columbus joined community partners today to announce details of The 614 for Linden, a collaborative to advance the One Linden Community plan. The collaborative is named for six nonprofits partnering with four community development financial institutions (CDFIs) to have a positive and significant impact on one neighborhood.

The 614 for Linden represents a $25 million investment to the Linden neighborhood to address four of the 10 Big Ideas that were introduced in the City of Columbus’ One Linden Community Plan last year.

The collaborative recently received a $5 million investment as a national winner of JPMorgan Chase’s Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) initiative. The PRO Neighborhoods initiative is a $125 million, five-year commitment to equip community leaders to transform communities. 

The 614 for Linden is an example of our One Linden Community Plan coming to life by addressing many of the community’s Big Ideas,” said Mayor Andrew J. Ginther. “Thanks to JPMorgan Chase’s investment, the partners in The 614 for Linden will help the neighborhood stabilize and expand housing options, support entrepreneurs and develop businesses, build community investment, connect the community and support resident health.”

Columbus is one of only seven winning submissions in this year’s national PRO Neighborhoods competition, which aims to spark collaboration among community organizations to tackle some of the toughest neighborhood challenges. Overall this year, JPMorgan Chase received 75 applications covering 49 U.S. cities to support capital and planning projects.

“By nearly all measures, Columbus is thriving – but we know that opportunity is not reaching all corners of the city,” said Corrine Burger, Managing Director and Columbus Location Leader, JPMorgan Chase. “JPMorgan Chase is committed to working alongside local partners and community leaders to put more residents on a pathway to prosperity. Together, we can have a real, lasting impact in Linden and across the city. We’re proud to work with The 614 for Linden to ensure that residents have the resources they need to grow and thrive.”

The investment will allow the nonprofit Ohio Capital Finance Corporation, an affiliate of Ohio Capital Corporation for Housing, to develop and structure a $20 million loan pool in partnership with three other CDFIs: Affordable Housing Trust of Columbus and Franklin, Finance Fund Capital Corporation and Economic Community Development Institute.

“The 614 for Linden collaborative looks forward to working in conjunction with community stakeholders towards implementing the One Linden Community Plan,” said Jonathan Welty, President of Ohio Capital Finance Corporation. “Together, we will create an equitable, opportunity-rich neighborhood for the current residents of Linden.”

The 614 for Linden will seek to: 

  • Preserve approximately 500 affordable housing units through acquisition, rehabilitation and/or financing. These units will be intended for individuals and families who earn less than 80% of the area median income.
  • Provide rapid rehousing services for up to 200 individuals and families currently experiencing or on the brink of homelessness.
  • Offer consulting and other assistance to small businesses, including microloans to local entrepreneurs seeking to start or expand an operation.
  • Focus on “wraparound’ health services, particularly prenatal and maternal programs and devote funds for the creation or attraction of a business to provide healthy food access.

The six nonprofits supporting The 614 for Linden include Saint Stephen’s Community House, Community Development for All People, Healthy Neighborhoods Healthy Families, The Affordable Housing Alliance of Central Ohio, Community Shelter Board and Nationwide Children’s Hospital.

“We are proud to be part of the six nonprofits coming together to make a positive impact, each of us bringing unique expertise in community outreach, affordable housing and health,” said Tim Robinson, CEO, Nationwide Children’s.

About The 614 for Linden

The 614 for Linden is a collaborative to advance the One Linden community plan proposed by the City of Columbus that reported on the challenges that this diverse and energetic area faces, and proposed

 “big ideas” that could transform the quality of life for its citizens. The collaborative is named for six nonprofits partnering with four community development financial institutions to have a positive and significant impact on one neighborhood. Its mission is to create and preserve affordable housing and commercial development, provide access to capital for small businesses, and offer health services to residents. For more information, email The614forLinden@gmail.com.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.