This decision authorizes the allocation of $2,000,000 from the Affordable Housing Bond Fund to support the development of 245 new affordable apartments at Dering Family Apartments. The project includes one-, two-, three-, and four-bedroom units spread across three 4-story buildings. The development is located along the South High Corridor, providing access to public transit and nearby amenities. It also includes community amenities such as a fitness center, business center, playground, and 380 parking spaces. The project is co-developed by The NRP Group and Community Development for All People, with a focus on providing affordable housing in an area undergoing market-rate development.
This project helps address the critical need for affordable housing in Columbus, particularly in a rapidly developing area. The provision of 245 units for individuals and families earning between 30% and 80% of the Area Median Income ensures long-term affordability in a growing community.