Scholar House for Student Parents
Scholar House for Student Parents combines education and housing services for student parents working toward their degree. Qualified participants attend an accredited college or university full time while residing at Scholar House on Columbus’ Near East Side. The student parents receive supportive services through the OSU ACCESS Collaborative program to help them get their degree, while affordable on-site childcare is provided through a partnership with the YMCA of Central Ohio.
UNITS FEATURE:
- Energy-efficient appliances throughout
- Granite countertops
- Dishwasher and microwave included
- Large island countertops with breakfast bar
- Washer and dryer in unit
- Wood laminate flooring
- ADA homes available
- Secured entry with intercom system
- Two or three bedrooms
COMMUNITY AMMENITIES:
- On-site child care
- Community room w/ computer lab
- Green space
- Playground
- Off-street parking
HIGHLIGHTS:
- On COTA busline
INVESTMENT
$8,771,287
TOTAL DEVELOPMENT COSTS
13
PARTNERS
38
Units
| Sources | Amount | Uses | Amount |
|---|---|---|---|
|
OCFC 1st Mortgage |
$1,000,000 |
Acquisition |
$366,658 |
|
City of Columbus HOME 2nd Mortgage
|
$300,000 |
Site Work |
1,000,000 |
|
City of Columbus Bonds 3rd Mortgage |
$300,000 |
Hard Costs |
$4,711,805 |
|
CMHA OSU Funds |
$500,000 |
Soft Costs |
$2,520,461 |
|
Land Contribution |
$366,658 |
Reserves |
$172,363 |
|
GP Capital |
$419,187 |
|
|
|
Def. Dev. Fee |
$512,500 |
|
|
|
Net Equity to Project |
$5,372,942 |
|
|
|
Total |
$8,771,287 |
Total |
$8,771,287 |
PARTNERS
Ohio Housing Finance Agency (OHFA), Ohio Capital, Corporation for Housing (OCCH), Community Properties of Ohio (CPO), Affordable Housing Trust for Columbus and Franklin County, City of Columbus and The Ohio State University
CMHA ROLE
As the first program of its kind in Ohio, the Columbus Scholar House for Student Parents is a testament to the Columbus Metropolitan Housing Authority’s dedication to the community. CMHA owns and operates the property in a public-private partnership that includes LIHTC and vouchers. CPO is the property manager, with OCCH, OHFA, the City of Columbus and Affordable Housing Trust as funders. Students receive affordable housing and wraparound supportive services thanks to this collaboration.