Terrace Place

81 E 9th Ave, Columbus, Ohio 43201

Terrace Place, Community Housing Network's is a permanent supportive housing development, it will create homes for 60 formerly homeless individuals or individuals who are at risk of homelessness as a result of mental health or physical disabilities. Terrace Place will be located at 81-99 E. Ninth Avenue in Columbus' Weinland Park neighborhood and will be part of the 7-acre South Gateway II redevelopment, facilitated by Campus Partners for Urban Redevelopment. Also within the redevelopment area is CHN's 1494 N. High Street, which will be demolished in favor of a mixed-use development on High Street, developed by the Edwards Communities.

This property is currently under construction.

Eligibility for Terrace Place

Terrace Place Details

2 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 8 Project-Based Voucher (PBV)

Property Amenities

Community Room
Library
On-Site Social Services
Game Room

Nearby Amenities

Close to Public Transportation
Near Park

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.