Nine new housing units in the King Lincoln District will be completed as the NoBo on Long development celebrates with a ribbon cutting on Tuesday, October 11 at 1:30pm. The new condos were developed by Homeport, formerly the Columbus Housing Partnership (CHP) and offer an affordable option for home buyers interested in this up and coming East Side neighborhood.
NoBo on Long serves both as an anchor and a gateway to additional neighborhood development on 21st Street. Homeport has invested in dozens of historic renovations and new builds over the past few years along this street, with plans for similar work on 20th Street. They have community infrastructure in place for those interested in owning one of these condos. There is the Mt. Vernon AME Community Vegetable Garden that owners will be encouraged to be a part of and they have already set up a blockwatch. Project manager David Reierson said getting residents involved in the fabric of the neighborhood is one of Homeport’s main goals of neighborhood building.
The available units range in price from $110,000 (one bedroom new builds) to $160,000 (units in the rehabbed building) and range in size from 925 sqft 1 bedroom units to 1,800 sqft 2 bedroom units. All condos include individual indoor garage spaces as well as balcony and patio areas.
The kitchen and hallway below are rooms in the rehabbed home. The historic rehab was the basis of the project.
“The buildings are expensive to renovate but it is worth it because everybody loves it,” shared Reierson.
This building needed completely tuckpointed, new roof construction, reinforcements, among other things. Because the project used NSP Funds, the remodel had to be done to a specific spec, including high grade insulation and high energy efficient appliances. Some of the interior brick had to be covered as a result of that, but the end result is still beautiful.
Interested buyers in this project may be able to qualify for a special mortgage through Huntington. They are offering a 30 year fixed mortgage with no PMI, a 3% down payment (some may qualify for down payment assistence), and will accept credit scores of 580 or above. The new properties have a 15 year tax abatement and the rehab has a 10 year. Condo fees will be structured based on square footage – the smaller units fees’ being around $100/month.
More information can be found online at www.northofbroad.com. The ribbon cutting will be on Tuesday, October 11, 2011 at 1:30pm.