Three Affordable Housing Developments Moving Forward
The City of Columbus announced this week that three affordable housing developments in Franklinton will be moving forward. The projects, which will bring a total of 150 units to three different sites in the neighborhood, will offer senior housing, apartments and single family homes that will be affordable to those making between 30% and 80% of the area median income .
Each of the projects will utilize gap financing from the city as well as a relatively new tax credit program from the Ohio Housing Finance Agency called FHAct50. The program targets neighborhoods that are seeing an influx of new market-rate housing.
The three projects are featured in a new Franklinton area plan (PDF), released this month. Similar to the city’s Envision Hilltop and One Linden plans, the new Franklinton document contains information on the neighborhood’s history, as well as data on employment, crime, transportation and other topics.
Here’s a summary of the three new developments, as described in the plan:
Franklinton Senior Housing, 1137 W. Broad St.
Developer – National Church Residences, with the Finance Fund
Unit count – Four-story, 60-unit building with 50 one-bedroom units and 10 two-bedrooms.
McDowell Place, 79-83 McDowell St.
Developer – Homeport, with Kaufman Development
Unit count – Four-story, 50-unit building with 12 one-bedroom units, 33 two-bedrooms and 5 three-bedrooms.
Warner Junction, 719-731 W. Rich St. and scattered sites on Hayden Avenue.
Developer – Finance Fund and Model Group
Unit count – Three-story, 40-unit building, with 12 one-bedroom units and 28 two-bedrooms. Ten three-bedroom, single family houses.
Timeline – Groundbreaking in fall of 2020, units available late summer of 2021.
The McDowell Place project is being built on the site of the former West Side Spiritualist Church, which was approved for demolition by the East Franklinton Review Board in early 2019. The new building will be located directly across the street from the second phase of the Gravity project, and will share access to the parking garage and common areas of that development.