Quality Affordable Living at
Columbus Scholar House for Former Foster Youth
The Columbus Scholar House for Former Foster Youth serves young people ages 18-24 who are attending an accredited two- or four-year college or university in Ohio who were previously in foster care or will leave foster care within 90 days.
UNITS FEATURE:
- One-bedroom floor plans
- Full furnishings
- Washer and dryer
- Energy efficient appliances
- All utilities included
*Amenities vary by location and availability.
COMMUNITY AMMENITIES:
- On-site Resident Advisors and resident services
- Outdoor basketball court
- Indoor bicycle storage
- Community patio
- Community room and library
- Elevator in building
- Secured entry with intercom system*
- Less than four miles from 10+ local universities and colleges
HIGHLIGHTS:
- Rent is based on 30% of adjusted annual income
- Conveniently located near downtown
- Smoke-free housing
- ADA homes available*
Managed By: Community Properties of Ohio (CPO) Management
INVESTMENT
$7,804,864
TOTAL DEVELOPMENT COSTS
10
PARTNERS
30
UNIT COUNT
| Sources | Amount | Uses | Amount |
|---|---|---|---|
|
CMHA Loan |
$1,250,000 |
Acquisition |
|
|
City of Columbus HOME |
$750,000 |
Site Work |
$326,200 |
|
Deferred Developer Fee |
$27,013 |
Hard Costs |
$5,659,799 |
|
Net Equity |
$5,777,851 |
Soft Costs |
$995,490 |
|
|
|
Developer Fee |
$775,000 |
|
|
|
Reserves |
$48,375 |
|
Total |
$7,804,864 |
Total |
$7,804,864 |
PARTNERS
Woda Cooper Companies, Ohio Housing Finance Agency (OHFA), Ohio Capital Corporation for Housing (OCCH), City of Columbus, Affordable Housing Trust of Columbus and Franklin County, Moody Nolan, Columbus State Community College (CSCC), YMCA of Central Ohio, U.S. Department of Housing and Urban Development (HUD)
CMHA ROLE
The Columbus Metropolitan Housing Authority’s Scholar House for Former Foster Youth provides stable housing and support for former foster youth pursuing higher education. Located in Columbus, this initiative offers affordable apartments and comprehensive services, including academic advising, career counseling and life skills training. CMHA’s Scholar House aims to break the cycle of instability by fostering educational success and self-sufficiency, helping young adults transition smoothly from foster care to independent living. CMHA utilized Low-Income Housing Tax Credits funding for this property. This program highlights CMHA’s dedication to empowering vulnerable populations through targeted, supportive housing solutions.