Ginther pledges additional $10M for affordable housing, hires Campus Partners exec to new role bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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The City of Columbus is stepping up its efforts to boost affordable housing. Mayor Andrew Ginther and other city and community leaders announced on Monday a $10 million city investment in a public/private partnership. It s part of the upcoming capital budget.
The money will be used on various city-wide projects including one on Jenkins Street on the city s Southside. Sixty new affordable residential units at Jenkins Street Lofts will be available for rent starting next year.
“I’m thrilled to have the private sector engaging in such a significant way, our major employers in this community realizing that safe, affordable housing is critically important to our future, to economic development, job creation and growth., Ginther said.
Megan Dunn knows that the $850 monthly rent she pays for a three-bedroom home in Merion Village on the South Side is a bargain.
And she suspects her landlord knows that, too. Homes in the community just south of German Village are being renovated and resold to new owners, often forcing renters like her to move elsewhere.
As part of ongoing efforts to provide more affordable housing options in Columbus, city officials showed off their latest offering on Monday just a few streets north of Dunn s home.
Dubbed Jenkins Street Lofts, the three-story building consists of 15 one-bedroom units, 30 two-bedroom units, and 15 three-bedroom units. All will be occupied by those having incomes between 30% and 70% of the median income for the area.