Did You Know?
Affordable housing facts you should know:
What do you mean by "affordable"?
- A home or apartment that is affordable to those families earning 80% of Area Median Income ($51,500/year for a family of four) or below.
- 50% of Area Median Income represents a family of four earning $32,188 a year.
Additionally:
- Affordable housing demand far outstrips supply.
- Even rental housing is unaffordable to many working households.
- Rental units much more likely to experience deterioration.
- 25,000 lowest income renters pay over half of their income for housing.
- 11,000 low income homeowners pay over half of their income for housing.
- Home foreclosures have tripled in Columbus and Franklin County over the past seven years.
PROJECT HIGHLIGHT:
MiraCit Development Corporation
BUILDING GREEN
MiraCit Development Corporation, Inc. is a not-for-profit, certified community development organization formed in 1993 for the purpose of spearheading revitalization in economically distressed areas within Franklin County. MiraCit’s principal boundaries are 17th Avenue, Joyce Avenue, Agler Road and Sunbury Road; centering on the Mock Road community.
Green View Estates is Franklin County’s first green housing initiative recognized nationally. A 30 unit residential subdivision located in the 1900 block of Woodland Avenue in north central Columbus features homes built with energy-efficient, durable, high performance construction materials and practices in order to provide optimal living environments for home owners.
The site also features a 2-acre, regional storm water retention pond which will serve the North Central community, helping improve storm water management for the area. With support from The City of Columbus, The Housing Trust and other partners, development incentives are in place to ensure the success of the project. This includes donation of the land to reduce lot costs to builders, infrastructure improvements, and a15-year tax abatement upon all new construction in this designated area. Builders in the project include: PDG Domus, Sovereign and MiraCit Homes.