In Other Developments–Spring

Community Housing Network Opens Terrace Place

Community Housing Network recently opened a new $11.1 million housing development in Columbus’ Weinland Park neighborhood. Forty-eight of the development’s 60 units will be reserved for chronically homeless individuals.

The development is part of a partnership with the Ohio State University that will help residents access a variety of programs, such as financial counseling services.

More information about CHN’s project:

Huntington Bank Commits Additional $150 Million to Affordable Housing

Huntington Bank has announced an additional $150 million investment in affordable housing across Ohio as part of a continuing partnership with the Ohio Capital Corporation for Housing.

OCCH said the new commitment will help nearly 5,600 Ohio residents statewide, generate approximately 3,700 new or refurbished affordable housing units and is anticipated to support 2,800 construction jobs.

“Ohio has been our home for the past 151 years and we remain committed to investing in neighborhoods and affordable housing to help people lead better lives,” said Steve Steinour, chairman, president and CEO of Huntington Bank.

More information about Huntington’s announcement:

Over-the-Rhine Community Housing Secures New Property For Redevelopment

Over-the-Rhine Community Housing (OTRCH) recently purchased a new property near Cincinnati’s Findlay Market for $1 with plans for redevelopment.

The currently vacant property was previously owned by the city. The property will be included in a larger scatter-site development of properties in the area called Carrie’s Place. OTRCH’s plans for the building include a focus on families with multiple bedrooms and a mix of affordable and permanent supportive housing.

“We know there’s a need for family units for the folks who are coming out of shelters. They have a real challenge for finding quality affordable housing,” said OTRCH Executive Director Mary Burke Rivers.

More information about OTRCH’s development:

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