New Markets Tax Credit Coalition

Columbus Housing Partnership

The project involves the phased construction or rehabilitation over 100 affordable single-family homes over a seven-year period in the Columbus, Ohio area.

Investment

  • NMTC Amount: $9,500,000
  • Total Project Cost: $9,500,000

IMPACT

  • 100 FTE jobs

Investor

Project Description

CONSTRUCTION AND REHAB OF APPROX 138 AFFORDABLE SINGLE FAMILY HOMES: The project involves the phased construction or rehabilitation over 100 affordable single-family homes over a seven-year period in the Columbus, Ohio area. Two Columbus Housing Partnership (CHP) divisions, Homeport and the Central Ohio Housing Development Organization, are the developers of this project for which direct development costs are projected to exceed $80 million. The homes are targeted for households earning less than 80 percent of the area median income and are located in communities throughout Columbus including American Addition, North of Broad and others. The overall project is supported by the city and is a good fit with its Home Again initiative to improve city neighborhoods and increase home ownership opportunities.

MAP

Address: 750 East Long Street, Columbus, OH 43203

Census Tract: 39049003000

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