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:
Our Community Partners
HOME AGAIN & NATIONWIDE CHILDREN'S HOSPITAL
The Trust, through its wholly owned subsidiary, City County Holding Company (CCHC) manages the acquisition, rehabilitation and sale of properties throughout Columbus. Notable among CCHC's work has been its contributions to the City's Home Again Program over the past three years.
Cole Street Properties
Before & After
The Home Again Program is a six year, $25 million project initiated by Mayor Michael B. Coleman and the City of Columbus. For its 2007 campaign, CCHC in conjunction with Home Again rehabilitated and sold eighteen properties in Franklinton.
The program has now turned to the Southside of Columbus near Nationwide Children's Hospital. To date, CCHC has acquired 23 properties in this area around South 18th, South 22nd, Ann, Carpenter, Cole and Gilbert Streets. Ten of these homes have been completely rehabilitated and sold for an average price of $103,590.
Carpenter Street Property
Before & After
In addition, CCHC is partnering with Nationwide Children's Hospital to create a separate but similar program to acquire, rehabilitate and resale homes within the Hospital's proximity. Currently, the Holding Company has completed a property at Carpenter Street.