Seven Columbus Area Developments Receive OHFA Tax Credits
FOR IMMEDIATE RELEASE
May 29, 2019
Columbus Area Developments Receive OHFA Tax Credits
Robin Davis, Office of the Mayor, 614-645-2425 (office);
Lee Cole, Columbus City Council, 614-645-5530 (office)
Columbus, OH – Seven
Columbus area developments were granted tax credits from the Ohio Housing
Finance Agency (OHFA), which are used to fund the construction, acquisition and
rehabilitation of affordable housing communities throughout Ohio.
“Nearly half of all renters in the Columbus area pay more than a
third of their income on housing. That is simply not sustainable for many of
our residents,” said Mayor Andrew J. Ginther. “Addressing affordable housing
cannot be done by one entity alone. We must work collaboratively with partners
like the Ohio Housing Finance Agency to make affordable housing developments a
reality. These projects represent the preservation and creation of 579 units of
housing in the region to serve various vulnerable populations within our
“As the City of Columbus grows over the next few decades, it’s
critical that we face the affordable housing problem head-on, without leaving
behind a portion of our community,” said City Councilmember Shayla Favor. “The
City of Columbus has a duty to make sure everyone can afford to live here, and
I’m eager to work collaboratively with Mayor Ginther and community partners to
ensure a sustainable future for all.”
Developments in the Columbus region receiving tax credits from
Village, 3089 Cassady Village Trail, Columbus. Redevelopment of a 98 unit
existing community by Millennia Housing in Cleveland is the
owner/developer. $800,000 estimated tax credit.
Place, 500 N. Nelson Road, Columbus. New construction of 63 units of
permanent supportive housing with housing subsidy for tenants.
Community Housing Network is the owner/developer. $945,000 estimated tax
Manor South, 1475 Stimmel Road, Columbus. Redevelopment of 178 units of
existing family housing into mixed rental units. Catalyst Communities and
KV Developer LLC are the owner/developer. $1.2 million is the
estimated tax credit.
Crossing Annex, 540 S. Hamilton Rd., Whitehall. 32-unit apartments for
seniors. Homeport is the owner/developer. $565,000 is the estimated tax
Street Lofts, 27 W. Jenkins Street, Columbus. New construction of 60
units, 11 units will be made available to individuals with
disabilities. Woda Cooper Development and Community Development for
All People (CD4AP) are the owner/developer team. $985,000 estimated
Place, Cleveland Avenue at Eddystone, Columbus. Includes 50 units of
family housing in addition to five single-family homes on land bank lots
in the vicinity. Homeport is the owner/developer. $900,000 is the
estimated tax credit.
Gate, 5771 Maple Canyon Drive, Columbus. New construction of 93 units of
senior housing with supportive services. National Church Residences
is the owner/developer. $1.2 million is the estimated tax credit.
OHFA awarded over $28 million in 10-year federal housing tax
credits to 34 developments throughout the state to create 2,198 apartments
serving families, seniors and individuals with disabilities.