Director of Media Relations
News Date: May 29, 2019
Seven Columbus Area Developments Receive OHFA Tax Credits
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 community.”
“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 OHFA include:
• Cassady 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.
• Creekside 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 credit.
• Franklin 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.
• Hamilton Crossing Annex, 540 S. Hamilton Rd., Whitehall. 32-unit apartments for seniors. Homeport is the owner/developer. $565,000 is the estimated tax credit.
• Jenkins 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 tax credit.
• Kenlawn 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.
• Northland 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.