The impact of housing investment in Weinland Park

Weinland Park has received an

estimated $80 million of investments

in housing and infrastructure improvements

from government and philanthropic partners

over the last decade.

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Weinland Park has benefited from the asset of nearby anchor institution, The Ohio State University, and targeted investment from government and philanthropic investors.

The Weinland Park

Collaborative has overseen a

majority of the programs and

investments that have taken

place in the neighborhood,

which have amounted to an

estimated $80 million in

government and philanthropic

investments in the last decade.

For purposes of this study, a healthy

neighborhood is defined as a “neighborhood of choice,”

where people with a wide range of income levels choose to

live and invest their financial and social resources, resulting in a

sustainable, viable market with appropriate market interventions.

In addition to the benchmark neighborhoods, this study

selected two peer neighborhoods, Franklinton and King-Lincoln.

Being located amidst safe and vibrant

communities helps the institutions attract

and retain faculty, students and employees.

http://www.cr-architects.com/our-work/kroger,-short-north-columbus.aspx

Grants were given

to homeowners throughout

the neighborhood who had been

in their house for at least a year

and had an income of less than

120% of Area Median Income to

improve the exterior of their houses.

The vision of the

Weinland Park Collaborative

is that change in income

distribution would result

from existing residents

experiencing increased

wealth and new residents

of diverse income levels

moving in.

OSU Extension, a member of the

Weinland Park Collaborative, helps

transition renters into homeownership.

CPO Management has

arguably changed the face of subsidized

housing in the City of Columbus for the better.

http://www.cityofboston.gov/3D

The most preferred

scenario for increasing

homeownership in the duplex

units in Weinland Park is to encourage

owner-occupant landlord arrangements.

Decrease vacancy to 10% or lower.

Decrease vacancy to 10% or lower.

The sustained progress over

the last decade is evident both in the

data and in the stories heard on-the-ground.