$16M affordable housing development coming to Columbus’ South Side
A $16 million affordable housing development will break ground next month on Columbus’ South Side.
Nationwide Children’s Hospital’s Healthy Neighborhoods Healthy Families Realty Collaborative, Community Development for All People and Woda Cooper Companies are behind the multifamily Lockbourne Greene development.
The three-story, 60-unit affordable apartment development is located at 1836 Lockbourne Road – a site acquired from the Columbus Land Bank.
Construction for Lockbourne Greene is scheduled to begin in October and finished in December 2022.
The Rev. John Edgar, executive director of Community Development for All People, said the development will provide housing for households between 30% to 80% of the area median income, with an overall average of units at 60%.
“Affordable housing matters a lot,” Edgar said. “The metro area is growing rapidly and to have a vibrant community, we have to have housing for all price points. It is vital we have housing for people making $12, $14 an hour.”
The development will have an onsite management office, a resident fitness facility and community space. Lockbourne Greene also will have onsite resident support services, such as job skills and placement assistance, financial literacy resources and wellness and nutrition classes.
There will be early childhood education classrooms on site, too, Edgar said.
The development is located along an existing COTA bus line and there are nearby banks, a pharmacy, two grocery stores and a post office.
“As we build more (affordable) housing, we are creating opportunities for everyone and making our communities more rich,” Edgar said.
In an email, Jeffrey Woda, managing director and president of Woda Cooper Companies, Inc., said Columbus’ South Side needs more affordable housing.
“Lockbourne (Greene) represents a strong, community-focused partnership between Nationwide Children’s Healthy Neighborhoods Healthy Families and Woda Cooper Companies,” he said. “The combination of housing and onsite services will contribute to building strong families and add stability in the neighborhood.”
Woda said the primary funding for Lockbourne Greene is supported through housing tax credits allocated by the Ohio Housing Finance Agency and a private equity investment by Bank of America. A $5 million bridge loan was provided by the Affordable Housing Trust for Columbus and Franklin County. Permanent debt is covered by a private bank loan and additional $1.5 loan from Nationwide Children’s Hospital.
Franklin County’s newly-instituted linked-deposit program, which provides incentives for affordable housing, also contributed financing for Lockbourne Greene, Woda said via email. And the city is providing $253,875 of funding.
Woda Construction, Inc. will be the general contractor and with Woda Management and Real Estate will handle the property management. Healthy Neighborhoods Healthy Families Realty Collaborative, a subsidiary of Community Development for All People, will provide supportive services for Lockbourne Greene.
Edgar said Community Development for All People has been involved in about $100 million of redevelopment, mostly along Parsons Avenue and in the Near East Side. Woda currently is finishing up the Jenkins Lofts in Merion Village. That building is also 60 units and is mixed-income.