CMHA to Begin Upgrades to Four Communities
This winter, CMHA will begin a large renovation project for over 250 affordable housing units in four of its communities: Eastmoor Square, Glenview Estates, Indian Meadows, and Ohio Townhouses.
These properties will see over $8 million in upgrades and other rehab work. This work will include interior upgrades such as new furnaces, hot water tanks, energy efficient appliances, plumbing, and new flooring. The exteriors will feature new siding, upgrades to parking lots and streets within the properties. CMHA will also be making Americans with Disabilities Act-related upgrades to several units.
CMHA is using HUD’s Rental Assistance Demonstration (RAD) program to move these properties out of the Public Housing subsidy program and into the Section 8 program as Project based Vouchers (PBV). Because of the RAD program, CMHA is able to access Low-Income Housing Tax Credits and other soft debt to help finance the rehab work.
CMHA is using RAD to convert its entire portfolio of Public Housing properties to the Section 8 PBV platform. In the process, CMHA is spending over $35 million rehabbing and upgrading these properties.
Final Phase of Construction at Legacy Pointe at Poindexter Underway
CMHA and our development partner McCormack Baron Salazar (MBS) have closed on the financing for the third and final phase of Legacy Pointe at Poindexter. Prep work for the site has already begun and construction will start immediately. This process will take 18-20 months to complete.
This final phase of the Choice Neighborhood Initiative (CNI) grant will include 162 new, mixed-income, family units of housing in the historic Near East Side neighborhood. When completed, CMHA will have built a total of 450 new units of mixed-income, family, and senior housing.
The U.S. Department of Housing and Urban Development (HUD) awarded CMHA the $30-million CNI Grant in 2014. With help from the community, over $225 million in local funding, programming, and support has poured into the Near East Side over the following four years.
The CNI Grant focuses on three major components: Housing, People, and Neighborhood. Our housing plan focused on replacing Poindexter Village, a distressed public housing site, with high-quality mixed-income housing that met the needs of former Poindexter residents and the surrounding neighborhood. For the people component, our twin goals were to deliver in-depth services to current and former Poindexter residents and to improve educational outcomes and intergenerational mobility for youth by providing services and support directly to youth and their families. In partnership with the City and Partners Achieving Community Transformation (PACT), we designed our neighborhood strategy to help create the conditions necessary for public and private reinvestment in the Near East Side.
This final phase of housing, and our implementation of the CNI grant more broadly, would not have been possible without all of our great partners. Special thanks to HUD, the City of Columbus, MBS, Ohio Capital Corporation for Housing, the Ohio Housing Finance Agency, the Affordable Housing Trust for Columbus and Franklin County, Red Capital, and US Bank.