Linden Neighborhood Conversation

Melanie Crabill
Director of Media Relations
[email protected]

Kevin Kilbane
Director of Communications
[email protected]

Media Advisory
News Date: October 28, 2021

City Officials Outline Plans to Fully Distribute $50 Million Affordable Housing Fund

City and community leaders today outlined the plan to fully allocate the city’s $50 million bond fund dedicated to affordable housing projects. The bond funds are expected to leverage more than $276 million in public and private sector support to create more than 1,300 housing units for individuals earning less than $46,960 per year or families of four making less than $67,050. 

“Affordable housing is absolutely vital to the well-being of our residents and their ability to achieve their full potential,” said Mayor Andrew J. Ginther. “From expanded access to education and employment to improved health, wellness and stability, having a safe, reliable place to call home lifts people up and moves communities forward by laying the foundation for inclusive prosperity throughout all our neighborhoods.”

The city outlined the following allocation of the affordable housing bond – which was approved by Columbus voters in May 2019 – to support the creation of housing units for residents earning less than 80 percent of Columbus’ area median income. The allocation of funds for 2021 is included in the city’s 2021 Capital Improvements Budget, which was announced last week on October 21.

ProjectPartnerUnitsCity Bond Dollars Total Development Cost
Affordable Housing Bond 2020
Mulby Place (first allocation) Homeport 100 $2,725,000 $18,000,000
Jenkins Terrace (first allocation) Woda Group 60 $250,000 $12,000,000
Touchstone Place I Community Housing Network 56 $1,000,000 $12,000,000
Sinclair (first allocation) NRP Group 180 $2,175,000 $38,500,000
Affordable Homeownership Milo Grogan, Weinland Park, Near East, Franklinton  COCLT 22 $3,000,000 $3,600,000
48 Parkwood Beatty/Kelley 35 $500,000 $6,000,000
Lockbourne Greene HNHF/Woda Group 60 $1,753,875 $16,000,000
Scattered Site Rental HNHF 73 $2,500,000 $7,500,000
Emergency Shelter Repairs Huckleberry House, Lutheran Social Services, Southeast, YWCA Columbus   $350,000  
2020 TOTAL   586$14.2M$113.6M
Affordable Housing Bond 2021
Jenkins Terrace (second allocation) Woda Group counted above $250,000 counted above
Sinclair (second allocation) NRP Group counted above $2,175,000 counted above
Mulby Place (second allocation) Homeport counted above $3,325,000 counted above
Touchstone Place II Community Housing Network 44 $500,000 $9,800,000
West Broad Senior National Church Residences 92 $500,000 $19,000,000
Easton Place Homes (first allocation) Homeport 100 $2,250,000 $25,400,000
Oakwood Apartments Renovation CPO/CMHA 53 $1,200,000 $12,500,000
Topiary Park CDDC 90 $4,000,000 to be announced
Meadows Renovation (first allocation) CMHA 95 $500,000 $16,400,000
614 for Linden HNHF 20 $2,000,000 $25,000,000
Affordable Homeownership COCLT 25 $4,000,000 $3,500,000
Linden Town Center Housing  Nascent Group Holdings 41 $500,000 $5,200,000
TOTAL 2021   560$21.2M$116.8M
Affordable Housing Bond 2022 
Meadows Renovation (second allocation) CMHA counted above $500,000 counted above
Easton Place Homes (second allocation)  Homeport counted above $2,250,000 counted above
West Broad Senior (second allocation) National Church Residences counted above $1,500,000 counted above
Oakwood Apartments Renovation (second allocation) CPO/CMHA counted above $700,000 counted above
McKinley Manor CMHA/WODA 44 $1,250,000 $12,100,000
Starling Yard Woda 97 $3,000,000 $28,700,000
Affordable Homeownership COCLT 37 $5,400,000 $5,100,000
TOTAL 2022   178$14.6M$45.9M
Total Affordable Housing Bond Allocation1,324$50M$276.3M

City officials also shared that they are evaluating revisions to the Community Reinvestment Area residential tax abatement policy to incentivize the creation of additional units that are accessible to families earning Columbus’ median household income of $47,000.

“These tools are two key components of the broader strategy to become a city that is affordable, equitable and economically vibrant,” said Erin Prosser, the city’s assistant director of housing strategies. “We will need to continue to protect and create units at every stage of the housing spectrum and throughout our community to ensure that all families benefit from the growth and prosperity coming to the Columbus region.” 

Proposed revisions to the Community Reinvestment Area abatement policy will be presented at public meetings on Wednesday, November 3, at 5:30 p.m. at Feddersen Recreation Center and Wednesday, November 10, at 5:30 at Barack Recreation Center. 

“The reality is that $50 million is not nearly enough money to address our housing crisis but it is a start,” said Councilmember Shayla Favor. “The best way to maximize these dollars is through partnership with developers who receive Low Income Housing Tax Credit support from the state of Ohio and filling in the remaining financial gap to ensure we’re getting units online as quickly as we can.”