Age with Independence at
Poindexter Place
Located in Columbus, Poindexter Place is an affordable rental community designed for individuals 62 or older to enjoy independence, comfort and privacy. At Poindexter Place, you’ll find all of the amenities you need to enjoy life to its fullest.
UNITS FEATURE:
- One bedroom floor plans
- Fully equipped kitchens
- Large living rooms
- Utilities included in rent
COMMUNITY AMMENITIES:
- On-site laundry facilities
- On-site nurse practitioner
- Elevator
- Community, activity and classrooms
- Library
- Nearby public transportation
- Controlled access building
HIGHLIGHTS:
- Rents is based on 30% of adjusted
- Independent living community designed to help residents maintain an ideal lifestyle without the hassle of home maintenance.
Managed By: National Church Residences
INVESTMENT
$17,134,766
TOTAL DEVELOPMENT COSTS
4
PARTNERS
104
UNIT COUNT
| Sources | Amount | Uses | Amount |
|---|---|---|---|
|
CMHA Loan |
$825,570 |
Acquisition |
|
|
City of Columbus HOME |
$250,000 |
Site Work |
$695,173 |
|
GP Capital (RHF) |
$5,326,111 |
Hard Costs |
$13,141,080 |
|
FHLB |
$1,000,000 |
Soft Costs |
$359,513 |
|
GP Capital (CMHA, Key Bank) |
$1,500 |
Developer Fee |
$2,590,000 |
|
Accrued Sponsor Loan Const. Interest |
$9,144 |
Reserves |
$349,000 |
|
Deferred Developer Fee |
$467,017 |
|
|
|
Net Equity |
$9,255,424 |
|
|
|
Total |
$17,134,766 |
Total |
$17,134,766 |
PARTNERS
Ohio Capital Corporation for Housing (OCCH), Ohio Housing Finance Agency (OHFA), U.S. Department of Housing and Urban Development (HUD), Moody Nolan.
CMHA ROLE
Poindexter Place, a key development in Columbus, offers high-quality senior housing with modern amenities. The Columbus Metropolitan Housing Authority (CMHA) played a vital role in this project, ensuring it met the needs of the community’s elderly population. CMHA’s involvement included developing, securing funding, coordinating with local stakeholders and overseeing construction. The facility features accessible design, communal spaces and supportive services, fostering a comfortable and engaging environment for seniors. Poindexter Place exemplifies CMHA’s commitment to enhancing living standards and providing stable, affordable housing solutions for Columbus’ aging residents.