Terrace Place, Community Housing Network's is a permanent supportive housing development, it will create homes for 60 formerly homeless individuals or individuals who are at risk of homelessness as a result of mental health or physical disabilities. Terrace Place will be located at 81-99 E. Ninth Avenue in Columbus' Weinland Park neighborhood and will be part of the 7-acre South Gateway II redevelopment, facilitated by Campus Partners for Urban Redevelopment. Also within the redevelopment area is CHN's 1494 N. High Street, which will be demolished in favor of a mixed-use development on High Street, developed by the Edwards Communities.
This property is currently under construction.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Terrace Place is managed by Columbus Metropolitan Housing Authority.