2007-2008 Community Report

2007 - 2008 Community Report

CHP Mission

Columbus Housing Partnership Board of Directors

Columbus Housing Partnership is a private, nonprofit organization founded in the belief that a decent and affordable home is the cornerstone of family life and a healthy community.

Columbus Housing Partnership provides quality, affordable housing and related services to low to

OFFICERS

DIRECTORS

CHAIR Lynn Elliott Columbus Window Cleaning Company

Kenneth R. Christopher Limited Brands

VICE CHAIR John C. Hart U.S. Bank Commercial Real Estate IMMEDIATE PAST CHAIR Michael Martin National City SECRETARY E. Gayle Saunders Nationwide Mutual Insurance TREASURER Jeffrey W. Endres Huntington Bank Amy D. Klaben President/CEO

moderate income households

Pastor Victor Davis Trinity Baptist Church Gene Jensen AEP Ohio James C. Kilgore, Jr. Fifth Third Bank Lisa King World Financial Network National Bank Nancy Kowalski KeyBank, N.A. Mark McDermott Enterprise Larry Metzger Columbus Board of Realtors Buffie McGee Patterson J.P. Morgan Chase & Co.

in Columbus and the

REAL ESTATE ADVISORY COMMITTEE

George Pride Exotic Burito

surrounding area. Through its

Don Casto CASTO

Carol Ludtke Prigan HER Real Living

activities, CHP is a partner in

Mike Gonsiorowski National City

Chris Reese Metro II Realty

building communities

Melissa Ingwersen J.P. Morgan Chase & Co.

Valorie Schwarzmann Plante & Moran, PLLC

and enhancing the lives

Robert Schottenstein M/I Homes, Inc.

Shelley Shively Truberry Group

Donald Shackelford Fifth Third Bank

Stephen Wittmann The Wittmann Company

of its residents.

Robert Weiler The Robert Weiler Company Sue Zazon First Merit Bank

562 East Main Street Columbus, Ohio 43215 221-8889 | 221-8904 (fax) www.chpcolumbus.org

PHOTOS: Front Cover: Courtesy of Giles Clement Inside Pages: Bob Macklin, Mak-1

Dear friends and partners of Columbus Housing Partnership: In 2008, the national foreclosure crisis hit particularly hard in our home state, with Ohio ranking at the top month after month. Here in Central Ohio, the crisis has affected a significant number of Ohioans, and has caused an increase not only in the number of vacant properties in our neighborhoods, but also in the demand for safe and decent rental homes, and homes for sale at affordable prices.

Rising to the occasion, Columbus Housing Partnership has been leading the region’s response by working directly with home buyers and home owners, as well as in neighborhoods to expand housing opportunities. Columbus Housing Partnership’s work is helping people prevent foreclosure or make a positive transition to stable housing, and is addressing the impact that vacant and abandoned housing has on the stability of neighborhoods.

With an additional 400,000 new residents expected in central Ohio by 2027, it is estimated that the already insufficient quantity of safe, decent and affordable housing will be at crisis levels for low and moderate income families.

Many of Columbus’ central city neighborhoods still have yet to reach a tipping point to drive revitalization. While many people reside in the King-Lincoln District, Franklinton, Weinland Park and Linden neighborhoods for example, these areas are experiencing reduced homeownership rates, deteriorating infrastructure and an ever increasing number of vacant properties.

In central Ohio, the high rate of foreclosure is working against neighborhood revitalization strategies. Foreclosures negatively affect the value of adjacent properties, and are highly costly to lenders. Over the last four years, more than 30,000 foreclosures were filed in the greater Columbus area alone.

Columbus Housing Partnership is filling a much-needed gap in central Ohio by providing high-quality, affordable housing as well as financial education and social service programming to help strengthen families and create vibrant, mixed-income central city neighborhoods. Since 1987, CHP has added more than 4,000 safe and affordable homes (including multifamily rental, single-family lease-option and affordable homes for sale) to the Columbus market. CHP provides services in the Columbus and Franklin County area and has made a commitment to provide financial education and counseling programs that help prevent foreclosure in the contiguous counties as well.

As last year’s CHP Bringing People Home honorees, we continue to be proud supporters of Columbus Housing Partnership and invite you to join us in the call for more affordable housing solutions in central Ohio.

Rev. Leon Troy Pastor Emeritus Second Baptist Church

Greg Hrabcak Chairman Columbus Board of Realtors

Filling Central Ohio’s Affordable Housing Gap In Franklin County, 25,000 renters and 11,000 homeowners pay over half of their income for housing.

Columbus Housing Partnership Programs Filling Central Ohio’s Affordable Housing Gap • New multi-family development and homeownership opportunities • New senior community development

“Fieldstone Senior Community provided me with a good option because of my disability. CHP helped me maintain my independence in a community that is well-cared for and affordable.”

— Jerry Doyle – Fieldstone Court Apartment Community Resident

Helping Families Sustain Housing An average family served by Columbus Housing Partnership is a family of three with an income of $20,000. According to the Ohio Association of Community Action Agencies, it takes about $43,000 to meet the basic needs of a 3-person family.

Columbus Housing Partnership Programs Helping Families Sustain Housing • • • • •

The Benefit Bank After School programming Social Service referral Computer Labs Eviction Prevention program

“CHP has a wide array of services and resources, which have been a tremendous help to our family. We are now on a road with a great outcome.”

— Tim and Wendy Young Family – Residents of Pheasant Run Apartment Community

Revitalizing Central Ohio Neighborhoods In the month of June, 2008 the City of Columbus reported that 4800 properties were vacant.

Columbus Housing Partnership Programs Revitalizing Central Ohio Neighborhoods • Existing home renovation and sales • New home development and sales

“For many years, I have hoped for American Addition to be equal to other neighborhoods.

CHP is helping that vision come true with more than 100 new homes planned for American Addition. They have pulled together many partners who will enhance the quality of life that has been missing for almost 50 years in our neighborhood.”

— Marie Moreland Short – Coordinator of Tray Lee Center at American Addition

Responding to Ohio’s Foreclosure Crisis Between 2001 and 2007, there have been 66,740 foreclosure filings in central Ohio’s eight counties, affecting an estimated 200,000 people.

Columbus Housing Partnership Programs Responding to Ohio’s Foreclosure Crisis • • • • •

Mortgage assistance funds Weekly foreclosure workshops Face-to-face counseling Financial education classes Facilitate loan workout with lenders for foreclosure clients

“CHP helped my aunt Onieta avoid foreclosure on her house and saved the home she has lived in for the past 50 years.

As a caring family member, it’s wonderful to know that CHP really cares about the people it helps.”

— Delores Draper — Family member of potential foreclosure victim

CHP Portfolio Rental Communities Developed or Co-Developed by CHP and current Homeownership Communities under Development by CHP YEAR

PROPERTY

2009 2007 2006 2006 2005 2005 2005 2004 2003 2003 2003 2002 2002 2001 2001 2000 2000 1999 1999 1999 1998 1998 1998 1997 1996 1995 1994 1994 1993 1993 1993 1992 1992 1992 1991 1991 1990

American Addition** Restore Columbus City View Homes The Crossing at Joyce Fieldstone Senior Apartments North of Broad (NoBo) Bending Brook Apartments Summerfield Homes Mapleside Homes Levelgreen Homes Spruce Bough Homes Fairview Homes Southside Homes Mariemont Homes Joyce Avenue Homes South East Columbus Homes Kingsford Homes Greater Linden Homes Pheasant Run Apartments Marsh Run Apartments Corban Commons Providence Glen Apartments Neighborhood House Scattered Sites South of Main Homes Renaissance Community Village Framingham Village George's Creek Apartments Kimberly Meadows Apartments Mwanza Place* Indianola Homes Stoddart Studios Parkview Village Apartments Emerald Glen Apartments Starr/High Studios Parkmead Apartments Raspberry Glen I Apartments Indian Mound Apartments

TOTAL UNITS

UNITS

UNIT TYPE

0# 8# 34 4# 48 11# 158 112 24 32 112 32 32 32 31 39 33 39 136 184 90 144 50 50 64 86 120 78 24 25 52 16 130 35 72 100 100

SFFS SFFS-SS SFH SFFS Senior SFFS MF MF SFH SFH MF SFH SFH SFH SFH SFH SFH SFH MF MF Senior MF SFH & MF SFH & MF MF SFH & MF MF MF MF MF SRO MF MF SRO MF MF MF

1,984

SFH = Lease Option Single-Family Homes; MF = Multifamily; SRO = Single Room Occupancy SFFS = Single-Family Homes for Sale; SFFS-SS = Single-Family Homes for Sale Scattered Sites Columbus Housing Partnership is, in most cases, the controlling shareholder of the general partner of the limited partnerships which own these properties, except for Marsh Run, which is owned by a subsidiary non-profit corporation. *Owned by CHP; **Construction to start in 2009; #Units sold as of 9/2008

CHP Community Locations

270 161 71 33

23

8

28 20 18 4 26 13 36 16 3 1

315 270

10

12 33

70

6 17

16

21

22 35

34

3

40

32 29 30

24

40

31

15

5

62

70

27 14 19

25

7 2 11

23 71

104

270

33

9

23

1 American Addition

13 Joyce Avenue Homes

25 Pheasant Run Apartments

2 Bending Brook Apartments

14 Kimberly Meadows Apartments

26 Providence Glen Apartments

3 City View Homes

15 Kingsford Homes

27 Raspberry Glen I Apartments

4 Corban Commons

16 Levelgreen Homes

28 Renaissance Community Village

5 Emerald Glen Apartments

17 Mapleside Homes

29 South East Columbus Homes

6 Fairview Homes

18 Mariemont Homes

30 South of Main Homes

7 Fieldstone Senior Apartments

19 Marsh Run Apartments

31 Southside Homes

8 Framingham Village

20 Mwanza Place

32 Spruce Bough

9 George’s Creek Apartments

21 Neighborhood House Scattered Sites 33 Starr/High Studios

10 Greater Linden Homes

22 North of Broad (NoBo)

34 Stoddart Studios

11 Indian Mound Apartments

23 Parkmead Apartments

35 Summerfield Homes

12 Indianola Homes

24 Parkview Village Apartments

36 The Crossing at Joyce

Partnerships Columbus Housing Partnership collaborates with a variety of community organizations and businesses in its community revitalization programs. These partnerships allow CHP to increase its capacity by providing: • Coordination with existing community organizations and local businesses; • Involvement of neighborhood residents in housing development activities; and • Linkage of housing with supportive services.

Alvis House America’s Second Harvest Food Bank Better Business Bureau of Central Ohio Canal Winchester Local Schools Catholic Diocese of Columbus Central Community House Central Ohio Breathing Association Children’s Hunger Alliance City of Refuge Point of Impact CDC Columbus Apartment Association Columbus Board of Realtors Columbus Department of Recreation and Parks Columbus Metropolitan Housing Authority Columbus Mobile Tool Library Columbus Mortgage Bankers Association Columbus Neighborhood Pride Centers Columbus Public Schools Columbus Realtist Association Columbus State Community College Columbus Urban League Communities In Schools Community Development For All People Community Properties of Ohio Community Research Partners Community Shelter Board Congregation Tifereth Israel Consumer Credit Counseling Services Dayspring Christian Community Development Corporation Directions for Youth and Families Dominican Sisters Saint Mary of the Springs Eastside Development Organization Environmental Management, Inc. Faith in Action First Church of God Franklin County Senior Options Franklin Park Conservatory Franklinton Development Association Greater Hilltop Resource Center Greater Linden Development Corporation Home Depot

Homes on the Hill CDC Keep Columbus Beautiful King-Lincoln Bronzeville Neighborhood Association Leadership Columbus Legal Aid Society of Columbus LifeCare Alliance Long Street Business Association Lowe’s Home Improvement Lutheran Social Services of Central Ohio Main Homes Community Development Corporation Messer Construction Mid-Ohio Food Bank Mid-Ohio Regional Planning Commission MiraCit Community Development Corporation Mount Hermon Baptist Church Mount Vernon AME Church Nationwide Children’s Hospital New Directions Career Center New Salem Missionary Baptist Church Ohio Association of Nonprofit Organizations Ohio Florists Association Ohio NeighborWorks Collaborative Ohio Department of Natural Resources Wildlife Center Olde South Side Community Partnership Pickerington Local School District Renaissance Community Development Corporation Save Our Homes Task Force Second Baptist Church South Side Community Action Network South Side Settlement House South-Western City Schools The Heart of Ohio Health Centers Tray Lee Community Center United Way of Central Ohio Victory Mission Ministries Vineyard Church YMCA of Central Ohio

Financial Statement CHP, Inc. | For the Year Ended December 31, 2007 | Audited REVENUE AND SUPPORT Grants Grants - Permanently Restricted Development Fees Contributions and Pledges Interest Income Rental and Other Revenue* Total Revenue and Support

$1,767,463 $325,000 $1,869,587 $816,290 $79,492 $898,450 $5,756,282

EXPENSES Program Services Management & General Operating Fundraising Total Expenses Change in Net Assets Net Assets – Beginning of Year Net Assets – End of Year

$4,108,845 $843,774 $154,553 $5,107,172 $649,110 $4,334,426 $4,983,536

*Includes debt forgiveness on sale of assets.

REVENUE

EXPENSES

Grants ....................................... 37%

Program .................................... 80%

Development Fees .................... 33%

Management & General ........... 17%

Rental and Other Revenue ....... 16%

Fundraising ................................. 3%

Contributions and Pledges ....... 14%

Sustaining Supporters CHP is grateful to the following individuals, organizations and corporations that have provided significant financial support for general operating, development, homebuyer education activities and program expenses.

Abbruzzese Brothers, Inc. Affordable Housing Trust for Columbus and Franklin County Alliance Data American Electric Power Anonymous Battelle Memorial Institute Beacon Property Management Barbara Brandt Stephen and Vicki Buchenroth Steve Campbell Cardinal Health Patricia Cash CASTO Don Casto Kenneth Christopher Frank Cipriano City of Columbus Columbia Gas of Ohio Columbus Board of Realtors Columbus Metropolitan Housing Authority Columbus State Community College Corporation for National Service Crane Group Tanny Crane Peter Edwards Lynn Elliott Enterprise Express Federal Home Loan Bank – Chicago Federal Home Loan Bank – Cincinnati Fifth Third Bank First Merit Bank Allan and Carol Forsythe Franklin County Board of Commissioners Freddie Mac Roberta Garber and Robert Fisher

Larry Goldbach Patrick and Suzanne Grabill John and Victoria Hart Max Holzer Housing Partnership Network Huntington Bank Gene Jensen J.P. Morgan Chase & Co. Dale and Christine Kaprosy Frank Kass Harold Keller Donald and Nancy Kelley KeyBank James Kilgore, Jr. Lisa King Amy Klaben and Jordan Finegold Nancy Kowalski Barbara Lach Robert Lazarus, Jr. Limited Brands Sarah Luken Bruce Massa Michael Martin M/I Homes Foundation Mark McDermott Larry Metzger Valeriana Moeller National City Nationwide NeighborWorks America Ohio Attorney General Ohio Capital Corporation for Housing Ohio Community Service Council Ohio Department of Development Ohio Housing Finance Agency OhioHealth Oswald Companies Buffie Patterson Rick Pfeiffer

Carol Prigan Allen Proctor Mark Real and Sue Kaminsky Bill Riat Rockford Homes Larry Ruben Lawrence Schaffer Robert Schottenstein Valorie Schwarzmann Donald Shackelford Michael Silberstein Sanford Solomon State Auto Insurance Companies Robert Taggart The Columbus Foundation The Columbus Foundation – Betsy and Bryan Ross Fund of the Lurie Family Charitable Fund The Columbus Foundation – Robert B. Hurst Fund The Columbus Foundation James W. Overstreet Fund The Edwards Foundation The Truberry Group The Wallick Companies Third Federal Savings & Loan Town Homes Management Company Dawn Tyler Lee U.S. Bank Vorys, Sater, Seymour and Pease LLP Robert “Skip” Weiler, Jr. Robert J. Weiler, Sr. Steven Weiler Wells Fargo Wendy's International Carmen C. Wilder Tim Williams Stephen Wittmann Wolfe Associates Robert Yoakam, Jr.

Return on Investment | 1987-2008 Columbus Housing Partnership, Inc. (CHP) is a private, nonprofit organization founded in the belief that a decent and affordable home is the cornerstone of family life and a healthy community.

Established in 1987 through a $1 million investment by the City of Columbus, the Columbus Board of Realtors, The Columbus Foundation, The Enterprise Foundation and private sector leaders, CHP has focused its efforts on alleviating the affordable housing crisis in central Ohio.

In 2008, CHP will serve more than 11,000 individuals through its programs.

COMMITMENT TO CENTRAL OHIO In the last 20 years: • 4,000 affordable housing units created by CHP. • 23,000 people have lived in one of CHP’s homes.

In the last 10 years: • 10,000 people met their health, safety and social service needs through CHP. In the last 5 years: • 11,000 families contacted CHP for Housing Counseling programs.

• 600 CHP clients purchased homes, representing $58 million of investment in central Ohio.

RESPONSIBLE STEWARDSHIP • Developed a track record of consistent financial accountability.

• Rated a national “Excellent” organization by NeighborWorks America’s Organizational Health Tracking System, based on extensive site audit.

• Developed or participated in 30 projects using low-income housing tax credits or multifamily housing revenue bonds issues by Franklin County and funding from organizations such as the State of Ohio, City of Columbus and Federal Home Loan Bank.

• Awarded Ohio Association of Non Profit Organizations Standards for Excellence Certification.

• Better Business Bureau accredited charity.

• Received The Columbus Foundation Award from The Columbus Foundation on October 2, 2008.

EXPERIENCED AND KNOWLEDGEABLE LEADERSHIP • CHP has developed a professional staff of more than 45 employees.

• President/CEO, an attorney is member of National Enterprise Advisory Board, National Chase Community Advisory Board, National NeighborWorks Real Estate Programs Advisory Committee, and member of the 2006 -2008 NeighborWorks America’s Achieving Excellence Class at Harvard University’s John F. Kennedy School of Government.

• CFO is a CPA and former lead financial executive with several major for-profit developers.

• Senior staff members serve on national committees advising on housing development, housing counseling and resident services programs.