Incentive Analysis for Existing Community Reinvestment Areas and Neighborhood Investment Districts in Columbus, Ohio

Home , Fifth by Northwest, Weinland Park

Incentive Analysis for Existing Community Reinvestment Areas and Neighborhood Investment Districts in Columbus, Ohio:

For: Mr. Quinten Harris, JD MPA Deputy Direct, Jobs & Economic Development City of Columbus, Department of Development

Ms. Hannah Reed Assistant Director City of Columbus, Department of Development

Effective Date: May 30, 2018 VSI Job Reference Number: 14795NY

Phone: (614) 224-4300 Fax: (614) 225-9505 1310 Dublin Rd., Columbus, Ohio 43215 VSInsights.com

CRA and NID Incentive Analysis Columbus, OH

Table of Contents

Introduction I Summary of Indicators (by CRA and NID) Outperforming the City of Columbus Baseline II Total Number of Indicators (by CRA & NID) Outperforming the City of Columbus Baseline II-1 Designation Criteria Classification by CRA and NID II-2 Individual Community Reinvestment Area (CRA) and Neighborhood Investment District (NID) Profiles III Fifth by Northwest Community Reinvestment Area III-1 Franklinton Neighborhood Investment District III-5 Hilltop Neighborhood Investment District III-9 Linden Neighborhood Investment District III-13 Livingston and James Community Reinvestment Area III-17 Milo-Grogan Community Reinvestment Area III-21 Near East Side Neighborhood Investment District III-25 North Central Community Reinvestment Area III-29 Short North Community Reinvestment Area III-33 Southside Neighborhood Investment District III-37 Weinland Park Community Reinvestment Area III-41 Summary of Indicators (by CRA and NID) Outperforming the City of Columbus Baseline IV Population (2000, 2010, 2012 and 2017) IV-1 Percent Change in Population from 2012 to 2017 IV-2 Median Household Incomes (2000, 2010, 2012 and 2017) IV-3 Percent Change in Median Household Incomes from 2012 to 2017 IV-4 Poverty Rates (2016) IV-5 Median Rent Per Square Foot (2012 and 2017) IV-6 Percent Change in Median Rent Per Square Foot from 2012 to 2017 IV-7 Housing Vacancy Rates (2017) IV-8 Mortgage Foreclosure Rate (May 2018) IV-9 Qualifications V

Table of Contents

Incentive Analysis Columbus, OH

I. Introduction

Purpose

The purpose of this report is to evaluate various demographic and real estate metrics of existing Community Reinvestment Areas (CRA) and Neighborhood Investment Districts (NID) within the city of Columbus and benchmark the respective CRAs/NIDs against the city of Columbus. The CRA and NID areas included in this report are as follows:

• Fifth by Northwest CRA • Franklinton NID • Hilltop NID • Linden NID • Livingston and James CRA • Milo-Grogan CRA • Near East Side NID • North Central CRA • Short North CRA • Southside NID • Weinland Park CRA

The evaluation metrics (indicators) for benchmarking the CRAs and NIDs against the city of Columbus are as follows:

• Population Growth (2012 to 2017) • Median Household Income Growth (2012 to 2017) • Poverty Rate (2016) • Median Rent Growth Per Square Foot (2012 to 2017) • Housing Vacancy Rate (2017) • Mortgage Foreclosure Rate (May 2018)

The respective CRA/NID is assigned into one of three area designations based on the number of indicators the CRA/NID outperforms the Columbus baseline. The three area designations and the number of indicators the CRA/NID needs to outperform the Columbus baseline, are summarized as follows:

• Ready for Opportunity: 0 or 1 Indicators • Ready for Revitalization: 2 to 4 Indicators • Market Ready: 5 or 6 Indicators

Sources

Vogt Strategic Insights uses various sources to gather and confirm data used in this analysis. These sources include the following:

Introduction I-1

Incentive Analysis Columbus, OH

• The 2000 and 2010 Census • American Community Survey • ESRI • Urban Decision Group • Franklin County Auditor • Zillow.com • Vogt Strategic Insight’s Property Surveys

Statement on the U.S. Census and the American Community Survey

Since 2005, the American Community Survey (ACS) has been a critical element of the U.S. Census Bureau’s reengineered decennial census program. During previous decennial censuses, most households received a short-form questionnaire, while one household in six received a long form that contained additional questions and provided socioeconomic information about the population that is more detailed.

The 2010 Census was the first exclusively short-form census and it counted all residents living in the United States and asked for name, sex, age, date of birth, race, ethnicity, relationship and housing tenure, resulting in a total of seven variables.

The more detailed socioeconomic information, once collected via the long-form questionnaire, is now collected by the American Community Survey. The survey provides current data about all communities, every year, rather than once every 10 years. It is sent to a small percentage of the population on a rotating basis throughout the decade. No household will receive the survey more often than once every five years.

Each year, the Census Bureau releases three ACS datasets for certain geographic areas. The type of data that is available is dependent upon the total population residing within a geographic area. One-year estimates are available for the largest areas, which are defined as areas with populations of 65,000 or more. Three-year averages of estimates are available for areas with populations of 20,000 or more and five-year averages of estimates are available for all areas regardless of size. It should be noted that the five-year data set has a significantly smaller sample size than that used to compile the long form in previous censuses.

Direct comparisons between ACS data and the 2010 decennial census should not be made because the sample sizes and collection methods are completely different; the ACS is an average of estimates, while the decennial census is a count. In addition, the ACS data should not be compared to third-party data that provides current-year estimates and five-year projections. The ACS data is provided only as a point of reference.

In addition to the data retrieved from the Census Bureau, VSI utilizes data from several different third- party providers, including ESRI and Urban Decision Group. Each of these data providers has undergone significant internal changes to incorporate the results of both the 2010 decennial census and the most recent ACS into the algorithms used to calculate demographic estimates. The emergence and evolution of the ACS and the ongoing nature of its data collection techniques should result in more accurate demographic and income estimates and projections from these third-party data providers.

Introduction I-2

Incentive Analysis Columbus, OH

II. Summary of Indicators (by CRA & NID) Outperforming Columbus

Number of Indicators Outperfoming the Columbus Baseline (Out of 6)

6 6

3 3 3

2 2 2

1 1

Summary of Indicators II - 1

Incentive Analysis Columbus, OH

Designation Area

Market Ready Ready for Revitalization Ready for Opportunity Hilltop Livingston and James Milo-Grogan Near East Side North Central Fifth by Northwest Southside Franklinton Short North Weinland Park Linden Market Ready – Meets 5 or 6 of the Incentive Indicators Ready for Revitalization – Meets 2 through 5 of the Incentive Indicators Ready for Opportunity – Meets 0 or 1 of the Incentive Indicators

Summary of Indicators II - 2

Incentive Analysis Columbus, OH

5th X Northwest Community Reinvestment Area (CRA)

Incentive Indicator Summary

Columbus 5th By Outperformed Indicators (Baseline) Northwest Baseline Population Growth (2012 – 2017) 5.5% 11.1% Yes Median HH Income Growth (2012 – 2017) 9.1% 21.6% Yes Poverty Rate (2016) 21.2% 17.2% Yes Median Rent Growth PSF (2012 – 2017) 14.3% 22.1% Yes Housing Vacancy Rate (2017) 10.8% 6.4% Yes Mortgage Foreclosure Rate (May 2018) 3.1% 0.5% Yes Market Ready

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% 5th X Northwest CRA 6,027 6,624 6,931 7,698 1,671 27.7% 767 11.1% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 10,000 7,698 8,000 6,624 6,931 6,027 6,000

4,000

2,000

0 Fifth by Northwest 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% 5th X Northwest CRA $31,457 $30,503 $33,386 $40,595 $9,138 29.0% $7,209 21.6% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,595 $37,693 $40,000 $33,386 $31,457 $30,503 $30,000 $20,000 $10,000 $0 Columbus Fifth by Northwest 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 25.0% 21.6% 20.0%

15.0%

10.0% 9.1%

5.0%

0.0% Columbus Fifth by Northwest

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% 5th X Northwest CRA $1.04 $1.27 $0.23 22.1% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot $1.40 $1.27 $1.20 $1.04 $1.00 $0.88 $0.77 $0.80 $0.60 $0.40 $0.20 $0.00 Columbus Fifth by Northwest 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017

25.0% 22.1% 20.0% 14.3% 15.0%

10.0%

5.0%

0.0% Columbus Fifth by Northwest

Source: Vogt Strategic Insights; Zillow

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Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 12.0% 10.8% 10.0% 8.0% 6.4% 6.0% 4.0% 2.0% 0.0% Columbus Fifth by Northwest

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 25.0% 21.2% 20.0% 17.2% 15.0% 10.0% 5.0% 0.0% Columbus Fifth by Northwest

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 4.0% 3.1% 3.0%

2.0%

1.0% 0.5% 0.0% Columbus Fifth by Northwest

Source: Franklin County Auditor; Vogt Strategic Insights; American Community Survey (ACS); ESRI Mortgage foreclosure rate is calculated by the number of active foreclosures recorded by the Franklin County auditor (as of May 2018) divided by the number of active home mortgages reported by the ACS

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Incentive Analysis Columbus, OH

Franklinton Neighborhood Investment District (NID)

Incentive Indicator Summary

Columbus Outperformed Indicators (Baseline) Franklinton Baseline Population Growth (2012 – 2017) 5.5% 6.5% Yes Median HH Income Growth (2012 – 2017) 9.1% -1.0% No Poverty Rate (2016) 21.2% 45.0% No Median Rent Growth PSF (2012 – 2017) 14.3% 1.7% No Housing Vacancy Rate (2017) 10.8% 24.3% No Mortgage Foreclosure Rate (May 2018) 3.1% 8.1% No Ready for Opportunity

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Franklinton NID 12,400 10,624 10,910 11,624 -776 -6.3% 714 6.5% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 13,000 12,400 12,500 12,000 11,624 11,500 10,910 11,000 10,624 10,500 10,000 9,500 Franklinton 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Franklinton NID $22,347 $20,057 $19,973 $19,764 -$2,583 -11.6% -$209 -1.0% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,000 $37,693 $30,000 $22,347 $20,057 $19,973 $19,764 $20,000 $10,000 $0 Columbus Franklinton 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 10.0% 9.1%

8.0%

6.0%

4.0%

2.0%

0.0% Columbus Franklinton -2.0% -1.0%

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Franklinton NID $0.58 $0.59 $0.01 1.7% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.80 $0.58 $0.59 $0.60

$0.40

$0.20

$0.00 Columbus Franklinton 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 16.0% 14.3% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 1.7% 2.0% 0.0% Columbus Franklinton

Source: Vogt Strategic Insights; Zillow

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Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 30.0% 24.3% 25.0% 20.0% 15.0% 10.8% 10.0% 5.0% 0.0% Columbus Franklinton

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 50.0% 45.0% 40.0% 30.0% 21.2% 20.0% 10.0% 0.0% Columbus Franklinton

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 10.0% 8.1% 8.0% 6.0% 4.0% 3.1% 2.0% 0.0% Columbus Franklinton

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Incentive Analysis Columbus, OH

Hilltop Neighborhood Investment District (NID)

Incentive Indicator Summary

Columbus Outperformed Indicators (Baseline) Hilltop Baseline Population Growth (2012 – 2017) 5.5% 6.9% Yes Median HH Income Growth (2012 – 2017) 9.1% 10.4% Yes Poverty Rate (2016) 21.2% 42.8% No Median Rent Growth PSF (2012 – 2017) 14.3% 7.0% No Housing Vacancy Rate (2017) 10.8% 22.3% No Mortgage Foreclosure Rate (May 2018) 3.1% 9.5% No Ready for Revitalization

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Hilltop NID 12,898 11,632 11,964 12,794 -104 -0.8% 830 6.9% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 13,000 12,898 12,794 12,500 11,964 12,000 11,632 11,500 11,000 10,500 Hilltop 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Hilltop NID $31,043 $27,914 $29,130 $32,171 $1,128 3.6% $3,041 10.4% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,000 $37,693 $32,171 $31,043 $29,130 $30,000 $27,914 $20,000 $10,000 $0 Columbus Hilltop 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 11.0% 10.4% 10.5%

10.0%

9.5% 9.1% 9.0%

8.5%

8.0% Columbus Hilltop Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Hilltop NID $0.57 $0.61 $0.04 7.0% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.80 $0.57 $0.61 $0.60

$0.40

$0.20

$0.00 Columbus Hilltop 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.80 $0.57 $0.61 $0.60

$0.40

$0.20

$0.00 Columbus Hilltop 2012 2017

Source: Vogt Strategic Insights; Zillow

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Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 25.0% 22.3% 20.0% 15.0% 10.8% 10.0% 5.0% 0.0% Columbus Hilltop

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 50.0% 42.8% 40.0% 30.0% 21.2% 20.0% 10.0% 0.0% Columbus Hilltop

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 10.0% 9.5% 8.0% 6.0% 4.0% 3.1% 2.0% 0.0% Columbus Hilltop

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Incentive Analysis Columbus, OH

Linden Neighborhood Investment District (NID)

Incentive Indicator Summary

Columbus Outperformed Indicators (Baseline) Linden Baseline Population Growth (2012 – 2017) 5.5% 5.6% Yes Median HH Income Growth (2012 – 2017) 9.1% 4.7% No Poverty Rate (2016) 21.2% 43.8% No Median Rent Growth PSF (2012 – 2017) 14.3% 11.3% No Housing Vacancy Rate (2017) 10.8% 21.1% No Mortgage Foreclosure Rate (May 2018) 3.1% 6.8% No Ready for Opportunity

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Linden NID 20,243 17,222 17,616 18,600 -1,643 -8.1% 984 5.6% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population

21,000 20,243 20,000 19,000 18,600 18,000 17,616 17,222 17,000 16,000 15,000 Linden 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Linden NID $26,977 $23,704 $24,160 $25,301 -$1,676 -6.2% $1,141 4.7% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,000 $37,693 $26,977 $30,000 $23,704 $24,160 $25,301 $20,000 $10,000 $0 Columbus Linden 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 10.0% 9.1%

8.0%

6.0% 4.7% 4.0%

2.0%

0.0% Columbus Linden

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Linden NID $0.71 $0.78 $0.07 9.9% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.78 $0.80 $0.71

$0.60

$0.40

$0.20

$0.00 Columbus Linden 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 16.0% 14.3% 14.0% 12.0% 9.9% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Columbus Linden

Source: Vogt Strategic Insights; Zillow

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Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017)

25.0% 21.1% 20.0% 15.0% 10.8% 10.0% 5.0% 0.0% Columbus Linden

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 50.0% 43.8% 40.0% 30.0% 21.2% 20.0% 10.0% 0.0% Columbus Linden

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 8.0% 6.8% 6.0%

4.0% 3.1%

2.0%

0.0% Columbus Linden

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Incentive Analysis Columbus, OH

Livingston and James Community Reinvestment Area

Incentive Indicator Summary

Columbus Livingston Outperformed Indicators (Baseline) and James Baseline Population Growth (2012 – 2017) 5.5% 10.9% Yes Median HH Income Growth (2012 – 2017) 9.1% 9.3% Yes Poverty Rate (2016) 21.2% 26.1% No Median Rent Growth PSF (2012 – 2017) 14.3% 11.3% No Housing Vacancy Rate (2017) 10.8% 19.3% No Mortgage Foreclosure Rate (May 2018) 3.1% 5.3% No Ready for Revitalization

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Livingston & James CRA 5,526 4,658 4,870 5,401 -125 -2.3% 531 10.9% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 5,600 5,526 5,401 5,400 5,200 5,000 4,870 4,800 4,658 4,600 4,400 4,200 Livingston and James 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Livingston & James CRA $30,065 $31,776 $33,001 $36,065 $6,000 20.0% $3,064 9.3% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,000 $37,693 $36,065 $33,001 $30,065 $31,776 $30,000 $20,000 $10,000 $0 Columbus Livingston and James 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 9.3% 9.3%

9.3%

9.2%

9.2% 9.1% 9.1%

9.1%

9.0% Columbus Livingston and James

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Livingston & James CRA $0.71 $0.79 $0.08 11.3% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.79 $0.80 $0.71

$0.60

$0.40

$0.20

$0.00 Columbus Livingston and James 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 16.0% 14.3% 14.0% 12.0% 11.3% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Columbus Livingston and James

Source: Vogt Strategic Insights; Zillow

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Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 25.0% 19.3% 20.0% 15.0% 10.8% 10.0% 5.0% 0.0% Columbus Livingston and James

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 30.0% 26.1% 25.0% 21.2% 20.0% 15.0% 10.0% 5.0% 0.0% Columbus Livingston and James

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 6.0% 5.3% 5.0% 4.0% 3.1% 3.0% 2.0% 1.0% 0.0% Columbus Livingston and James

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Incentive Analysis Columbus, OH

Milo-Grogan Community Reinvestment Area (CRA)

Incentive Indicator Summary

Columbus Milo- Outperformed Indicators (Baseline) Grogan Baseline Population Growth (2012 – 2017) 5.5% 8.0% Yes Median HH Income Growth (2012 – 2017) 9.1% 36.0% Yes Poverty Rate (2016) 21.2% 45.1% No Median Rent Growth PSF (2012 – 2017) 14.3% 10.2% No Housing Vacancy Rate (2017) 10.8% 33.8% No Mortgage Foreclosure Rate (May 2018) 3.1% 3.0% Yes Ready for Revitalization

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Milo-Grogan CRA 1,309 1,077 1,113 1,202 -107 -8.2% 89 8.0% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 1,400 1,309 1,202 1,200 1,077 1,113 1,000 800 600 400 200 0 Milo-Grogan 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

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Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Milo-Grogan CRA $23,333 $17,830 $20,831 $28,333 $5,000 21.4% $7,502 36.0% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,000 $37,693 $28,333 $30,000 $23,333 $20,831 $20,000 $17,830 $10,000 $0 Columbus Milo-Grogan 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017

40.0% 36.0% 35.0% 30.0% 25.0% 20.0% 15.0% 9.1% 10.0% 5.0% 0.0% Columbus Milo-Grogan

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-22

Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Milo-Grogan CRA $0.59 $0.65 $0.06 10.2% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.80 $0.65 $0.59 $0.60

$0.40

$0.20

$0.00 Columbus Milo-Grogan 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 16.0% 14.3% 14.0% 12.0% 10.2% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Columbus Milo-Grogan

Source: Vogt Strategic Insights; Zillow

III-23

Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017)

40.0% 33.8% 30.0%

20.0% 10.8% 10.0%

0.0% Columbus Milo-Grogan

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 50.0% 45.1% 40.0% 30.0% 21.2% 20.0% 10.0% 0.0% Columbus Milo-Grogan

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 3.2% 3.1% 3.1%

3.1% 3.0% 3.0%

3.0% Columbus Milo-Grogan

III-24

Incentive Analysis Columbus, OH

Near East Side Neighborhood Investment District (NID)

Incentive Indicator Summary

Columbus Near East Outperformed Indicators (Baseline) Side Baseline Population Growth (2012 – 2017) 5.5% 9.5% Yes Median HH Income Growth (2012 – 2017) 9.1% 22.4% Yes Poverty Rate (2016) 21.2% 41.5% No Median Rent Growth PSF (2012 – 2017) 14.3% 18.9% Yes Housing Vacancy Rate (2017) 10.8% 27.7% No Mortgage Foreclosure Rate (May 2018) 3.1% 4.4% No Ready for Revitalization

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Near East Side NID 25,463 20,992 21,820 23,889 -1,574 -6.2% 2,069 9.5% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 30,000 25,463 25,000 23,889 20,992 21,820 20,000 15,000 10,000 5,000 0 Near East Side 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-25

Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Near East Side NID $19,281 $17,445 $19,330 $24,041 $4,760 24.7% $4,711 24.4% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,000 $37,693

$30,000 $24,041 $19,281 $19,330 $20,000 $17,445 $10,000 $0 Columbus Near East Side 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 30.0% 24.4% 25.0%

20.0%

15.0% 9.1% 10.0%

5.0%

0.0% Columbus Near East Side

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-26

Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Near East Side NID $0.53 $0.63 $0.10 18.9% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.80 $0.63 $0.60 $0.53

$0.40

$0.20

$0.00 Columbus Near East Side 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 20.0% 18.9%

15.0% 14.3%

10.0%

5.0%

0.0% Columbus Near East Side

Source: Vogt Strategic Insights; Zillow

III-27

Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 30.0% 27.7% 25.0% 20.0% 15.0% 10.8% 10.0% 5.0% 0.0% Columbus Near East Side

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 50.0% 41.5% 40.0% 30.0% 21.2% 20.0% 10.0% 0.0% Columbus Near East Side

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 5.0% 4.4% 4.0% 3.1% 3.0% 2.0% 1.0% 0.0% Columbus Near East Side

III-28

Incentive Analysis Columbus, OH

North Central Community Reinvestment Area (CRA)

Incentive Indicator Summary

Columbus North Outperformed Indicators (Baseline) Central Baseline Population Growth (2012 – 2017) 5.5% 6.8% Yes Median HH Income Growth (2012 – 2017) 9.1% 12.7% Yes Poverty Rate (2016) 21.2% 33.7% No Median Rent Growth PSF (2012 – 2017) 14.3% 8.6% No Housing Vacancy Rate (2017) 10.8% 11.0% No Mortgage Foreclosure Rate (May 2018) 3.1% 6.2% No Ready for Revitalization

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% North Central CRA 9,504 10,077 10,358 11,061 1,557 16.4% 703 6.8% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 11,500 11,061 11,000 10,500 10,358 10,077 10,000 9,504 9,500 9,000 8,500 North Central 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-29

Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% North Central CRA $30,629 $29,069 $30,624 $34,512 $3,883 12.7% $3,888 12.7% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $37,693 $40,000 $34,512 $30,629 $29,069 $30,624 $30,000 $20,000 $10,000 $0 Columbus North Central 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 14.0% 12.7% 12.0% 10.0% 9.1% 8.0% 6.0% 4.0% 2.0% 0.0% Columbus North Central

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-30

Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% North Central CRA $0.70 $0.76 $0.06 8.6% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.76 $0.80 $0.70 $0.60

$0.40

$0.20

$0.00 Columbus North Central 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 16.0% 14.3% 14.0% 12.0% 10.0% 8.6% 8.0% 6.0% 4.0% 2.0% 0.0% Columbus North Central

Source: Vogt Strategic Insights; Zillow

III-31

Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 11.1% 11.0% 11.0%

10.9% 10.8% 10.8%

10.7% Columbus North Central

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016)

40.0% 33.7% 30.0% 21.2% 20.0%

10.0%

0.0% Columbus North Central

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 8.0% 6.2% 6.0%

4.0% 3.1%

2.0%

0.0% Columbus North Central

III-32

Incentive Analysis Columbus, OH

Short North Community Reinvestment Area (CRA)

Incentive Indicator Summary

Columbus Short Outperformed Indicators (Baseline) North CRA Baseline Population Growth (2012 – 2017) 5.5% 8.0% Yes Median HH Income Growth (2012 – 2017) 9.1% 53.8% Yes Poverty Rate (2016) 21.2% 18.9% Yes Median Rent Growth PSF (2012 – 2017) 14.3% 41.8% Yes Housing Vacancy Rate (2017) 10.8% 8.7% Yes Mortgage Foreclosure Rate (May 2018) 3.1% 0.3% Yes Market Ready

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Short North CRA 4,977 5,901 6,095 6,581 1,604 32.2% 486 8.0% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 7,000 6,581 5,901 6,095 6,000 4,977 5,000 4,000 3,000 2,000 1,000 0 Short North 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-33

Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Short North CRA $29,433 $31,722 $40,417 $62,153 $32,720 111.2% $21,736 53.8% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes

$70,000 $62,153 $60,000 $48,005 $50,000 $43,122 $43,992 $40,417 $40,000 $37,693 $29,433 $31,722 $30,000 $20,000 $10,000 $0 Columbus Short North 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017

60.0% 53.8% 50.0%

40.0%

30.0%

20.0% 9.1% 10.0%

0.0% Columbus Short North

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-34

Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Short North CRA $0.98 $1.39 $0.41 41.8% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot $1.60 $1.39 $1.40 $1.20 $0.98 $1.00 $0.88 $0.77 $0.80 $0.60 $0.40 $0.20 $0.00 Columbus Short North 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot $1.60 $1.39 $1.40 $1.20 $0.98 $1.00 $0.88 $0.77 $0.80 $0.60 $0.40 $0.20 $0.00 Columbus Short North 2012 2017

Source: Vogt Strategic Insights; Zillow

III-35

Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 12.0% 10.8% 10.0% 8.7% 8.0% 6.0% 4.0% 2.0% 0.0% Columbus Short North

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016)

22.0% 21.2% 21.0% 20.0% 18.9% 19.0% 18.0% 17.0% Columbus Short North

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 4.0% 3.1% 3.0%

2.0%

1.0% 0.3% 0.0% Columbus Short North

III-36

Incentive Analysis Columbus, OH

Southside Neighborhood Investment District (NID)

Incentive Indicator Summary

Columbus Outperformed Indicators (Baseline) Southside Baseline Population Growth (2012 – 2017) 5.5% 6.4% Yes Median HH Income Growth (2012 – 2017) 9.1% 11.3% Yes Poverty Rate (2016) 21.2% 33.5% No Median Rent Growth PSF (2012 – 2017) 14.3% 15.2% Yes Housing Vacancy Rate (2017) 10.8% 19.8% No Mortgage Foreclosure Rate (May 2018) 3.1% 5.1% No Ready for Revitalization

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Southside NID 27,434 23,128 23,739 25,265 -2,169 -7.9% 1,526 6.4% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 28,000 27,434 27,000 26,000 25,265 25,000 23,739 24,000 23,128 23,000 22,000 21,000 20,000 Southside 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-37

Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Southside NID $29,119 $28,513 $29,869 $33,259 $4,140 14.2% $3,390 11.3% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $37,693 $40,000 $33,259 $29,119 $29,869 $30,000 $28,513 $20,000 $10,000 $0 Columbus Southside 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 12.0% 11.3%

10.0% 9.1%

8.0%

6.0%

4.0%

2.0%

0.0% Columbus Southside

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-38

Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Southside NID $0.66 $0.76 $0.10 15.2% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot

$1.00 $0.88 $0.77 $0.80 $0.76 $0.66 $0.60

$0.40

$0.20

$0.00 Columbus Southside 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 15.4% 15.2% 15.2% 15.0% 14.8% 14.6% 14.4% 14.3% 14.2% 14.0% 13.8% Columbus Southside

Source: Vogt Strategic Insights; Zillow

III-39

Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 25.0% 19.8% 20.0% 15.0% 10.8% 10.0% 5.0% 0.0% Columbus Southside

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016)

40.0% 33.5% 30.0% 21.2% 20.0%

10.0%

0.0% Columbus Southside

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 6.0% 5.1% 5.0% 4.0% 3.1% 3.0% 2.0% 1.0% 0.0% Columbus Southside

III-40

Incentive Analysis Columbus, OH

Weinland Park Community Reinvestment Area (CRA)

Incentive Indicator Summary

Columbus Weinland Outperformed Indicators (Baseline) Park Baseline Population Growth (2012 – 2017) 5.5% 10.4% Yes Median HH Income Growth (2012 – 2017) 9.1% -16.0% No Poverty Rate (2016) 21.2% 57.3% No Median Rent Growth PSF (2012 – 2017) 14.3% 18.9% Yes Housing Vacancy Rate (2017) 10.8% 8.2% Yes Mortgage Foreclosure Rate (May 2018) 3.1% 2.2% Yes Ready for Revitalization

Population 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus 719,001 786,869 809,798 854,529 135,528 18.8% 44,731 5.5% Weinland Park CRA 21,794 23,132 24,131 26,630 4,836 22.2% 2,499 10.4% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Population 30,000 26,630 24,131 25,000 21,794 23,132 20,000 15,000 10,000 5,000 0 Weinland Park 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-41

CRA and NID Incentive Analysis Columbus, OH

Median Household Income 2000 2010 2012 2017 Change from 2000 - 2017 Change from 2012 - 2017 Geography (Census) Census (Estimated) (Estimated) Number Percent Number Percent Columbus $37,693 $43,122 $43,992 $48,005 $10,312 27.4% $4,013 9.1% Weinland Park CRA $19,040 $23,400 $21,991 $18,469 -$571 -3.0% -$3,522 -16.0% Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Median Household Incomes $60,000 $48,005 $50,000 $43,122 $43,992 $40,000 $37,693 $30,000 $23,400 $21,991 $19,040 $20,000 $18,469 $10,000 $0 Columbus Weinland Park 2000 2010 2012 2017

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Change in Median Household Income (%) from 2012 to 2017 15.0% 9.1% 10.0%

5.0%

0.0% Columbus Weinland Park -5.0%

-10.0%

-15.0% -16.0% -20.0%

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

III-42

CRA and NID Incentive Analysis Columbus, OH

Median Rent Per Square Foot 2012 2017 Change from 2012 - 2017 Geography (Estimated) (Estimated) Number Percent Columbus $0.77 $0.88 $0.11 14.3% Weinland Park CRA $0.74 $0.88 $0.14 18.9% Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot $0.90 $0.88 $0.88

$0.85

$0.80 $0.77 $0.75 $0.74

$0.70

$0.65 Columbus Weinland Park 2012 2017

Source: Vogt Strategic Insights; Zillow

Median Rent Per Square Foot Percent Change from 2012 to 2017 20.0% 18.9%

15.0% 14.3%

10.0%

5.0%

0.0% Columbus Weinland Park

Source: Vogt Strategic Insights; Zillow

III-43

CRA and NID Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 12.0% 10.8% 10.0% 8.2% 8.0% 6.0% 4.0% 2.0% 0.0% Columbus Weinland Park

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Poverty Rates (2016) 80.0% 57.3% 60.0%

40.0% 21.2% 20.0%

0.0% Columbus Weinland Park

Source: U.S. Census; Vogt Strategic Insights; American Community Survey (ACS); ESRI; Urban Decision Group

Mortgage Foreclosure Rate (May 2018) 4.0% 3.1% 3.0% 2.2% 2.0%

1.0%

0.0% Columbus Weinland Park

III-44

Incentive Analysis Columbus, OH

IV. Summary Tables from Individual Profiles

Population 30,000

25,000

20,000

15,000

10,000

5,000

2000 2010 2012 2017

City of Columbus population for years 2000, 2010, 2012 and 2017: 719,001: 786,869: 809,798 and 854,529

IV - 1

Incentive Analysis Columbus, OH

Change in Population from 2012 to 2017 (%)

12.0% 11.1% 10.9% 10.4% 10.0% 9.5% 8.0% 8.0% 8.0% 6.9% 6.5% 6.8% 6.4% 6.0% 5.5% 5.6%

4.0%

2.0%

0.0%

Green = Outperformed the City of Columbus baseline Red = Did not outperform the City of Columbus baseline

IV - 2

Incentive Analysis Columbus, OH

Median Household Incomes $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0

2000 2010 2012 2017

IV - 3

Incentive Analysis Columbus, OH

Change in Median Household Income (%) from 2012 to 2017 60.0% 53.8% 50.0%

40.0% 36.0%

30.0% 24.4% 21.6% 20.0% 12.7% 11.3% 9.1% 10.4% 9.3% 10.0% 4.7% -1.0% -16.0% 0.0%

-10.0%

-20.0%

Green = Outperformed the City of Columbus baseline Red = Did not outperform the City of Columbus baseline

IV - 4

Incentive Analysis Columbus, OH

Poverty Rates (2016) 70.0%

60.0% 57.3%

50.0% 45.0% 45.1% 42.8% 43.8% 41.5% 40.0% 33.7% 33.5% 30.0% 26.1% 21.2% 18.9% 20.0% 17.2%

10.0%

0.0%

Green = Outperformed the City of Columbus baseline Red = Did not outperform the City of Columbus baseline

IV - 5

Incentive Analysis Columbus, OH

Median Rent Per Square Foot $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00

2012 2017

IV - 6

Incentive Analysis Columbus, OH

Percent Increase in Median Rent Per Square Foot (2012 to 2017) 45.0% 41.8% 40.0% 35.0% 30.0% 25.0% 22.1% 18.9% 18.9% 20.0% 14.3% 15.2% 15.0% 11.3% 10.2% 9.9% 8.6% 10.0% 7.0% 5.0% 1.7% 0.0%

Green = Outperformed the City of Columbus baseline Red = Did not outperform the City of Columbus baseline

IV - 7

Incentive Analysis Columbus, OH

Housing Vacancy Rate (2017) 40.0% 35.0% 33.8% 30.0% 27.7% 24.3% 25.0% 22.3% 21.1% 19.3% 19.8% 20.0% 15.0% 10.8% 11.0% 8.7% 8.2% 10.0% 6.4% 5.0% 0.0%

Green = Outperformed the City of Columbus baseline Red = Did not outperform the City of Columbus baseline

IV - 8

Incentive Analysis Columbus, OH

Mortgage Foreclosure Rate (May 2018) 10.0% 9.5% 9.0% 8.1% 8.0% 6.8% 7.0% 6.2% 6.0% 5.3% 5.1% 5.0% 4.4% 4.0% 3.1% 3.0% 3.0% 2.2% 2.0% 1.0% 0.5% 0.3% 0.0%

Mortgage foreclosure rate is calculated by the number of active foreclosures recorded by the Franklin County auditor (May 2018) divided by the number of active home mortgages reported by the ACS Green = Outperformed the City of Columbus baseline Red = Did not outperform the City of Columbus baseline

IV - 9

Incentive Analysis Columbus, OH

V. Qualifications

The Company

Vogt Strategic Insights is a real estate research firm established to provide accurate and insightful market forecasts for a broad range client base. The principal of the firm, Robert Vogt, has more than 35 years of real estate market feasibility experience throughout the United States.

The Staff

Robert Vogt has conducted and reviewed more than 8,000 market analyses over the past 35 years for market-rate and Low-Income Housing Tax Credit apartments as well as studies for single-family, golf course/residential, office, retail and elderly housing throughout the United States. Mr. Vogt is a founding member and the past chairman of the National Council of Housing Market Analysts (formerly known as the National Council of Affordable Housing Market Analysts), a group formed to bring standards and professional practices to market feasibility. He is a frequent speaker at many real estate and state housing conferences. Mr. Vogt has a bachelor’s degree in finance, real estate and urban land economics from The Ohio State University.

Andrew W. Mazak has more than 15 years of experience in the real estate market research field. He has personally written more than 1,200 market feasibility studies in markets throughout the United States, Canada, Puerto Rico and the U.S. Virgin Islands. These studies include the analysis of Low-Income Housing Tax Credit, market-rate and government-subsidized apartments, student housing developments, farmworker housing projects, condominium communities, single-family subdivisions and senior-living developments, as well as overall community, city, county and statewide housing needs assessments. Mr. Mazak has a bachelor's degree in Business Management and Marketing from Capital University in Columbus, Ohio.

Nathan Young has more than a decade of experience in the real estate profession. He has conducted field research and written market studies in hundreds of rural and urban markets throughout the United States. Mr. Young’s real estate experience includes analysis of apartment (subsidized, Tax Credit and market- rate), senior housing (i.e. nursing homes, assisted living, etc.), student housing, condominium, retail, office, self-storage facilities and repositioning of assets to optimize feasibility. Mr. Young has experience in working with the U.S. Department of Housing and Urban Development and has FHA LEAN program training. Mr. Young has a bachelor’s degree in Engineering (Civil) from The Ohio State University and a Master of Business Administration from Ohio Dominican University.

Jim Beery has more than 30 years’ experience in the real estate market feasibility profession. He has written market studies for a variety of development projects, including multifamily apartments (market- rate, affordable housing, and government-subsidized), residential condominiums, hotels, office developments, retail centers, recreational facilities, commercial developments, single-family developments and assisted living properties for older adults. Other consulting assignments include numerous community redevelopment and commercial revitalization projects. Mr. Beery has attended the HUD MAP Training for industry partners and received continuing education certification from the Lender Qualification and Monitoring Division. Mr. Beery has a bachelor’s degree in Business Administration (Finance major) from The Ohio State University.

Qualifications V-1

Incentive Analysis Columbus, OH

Jennifer Tristano has been involved in the production of more than 2,000 market feasibility studies during the last several years. While working as an editor, Ms. Tristano became well acquainted with the market study guidelines and requirements of state finance agencies as well as various U.S. Department of Housing and Urban Development programs. In addition, Ms. Tristano has researched market conditions for a variety of project types, including apartments (Tax Credit, subsidized and market-rate), senior residential care, student housing and condominium communities. Ms. Tristano graduated summa cum laude from The Ohio State University.

Jimmy Beery has analyzed real estate markets in more than 35 states over the past seven years. In this time, Mr. Beery has conducted a broad range of studies, including Low-Income Housing Tax Credit apartments, luxury market-rate apartments, student housing analysis, rent comparability studies, condominium and single-family home communities, mixed-use developments, lodging, retail and commercial space. Mr. Beery has a bachelor’s degree in Human Ecology from The Ohio State University.

Chuck Ewing has analyzed over 200 real estate markets in over 35 states since 2009. Mr. Ewing has conducted a broad range of studies, including Low-Income Housing Tax Credit, homeless supportive housing analysis, student housing analysis, rent comparability studies, condominium and single-family home communities, mixed-use developments, lodging, citywide analysis and workforce housing analysis. Mr. Ewing has a bachelor's degree in Economics from The Ohio State University.

Jarrett Jordan has worked in the real estate market research industry since 2013 and has analyzed nearly 100 real estate markets in 28 states, as well as in the District of Columbia and Puerto Rico. Mr. Jordan has experience evaluating Low-Income Housing Tax Credit apartments, market-rate apartments, subsidized housing, student housing, senior housing, homeless supportive housing, mixed-use developments and commercial space. Mr. Jordan has a Bachelor of Science Degree in Finance from The University of Tennessee.

Tom Mowery has more than 30 years of experience in the housing industry in both the public and private sectors. Prior to joining VSI, Mr. Mowery served as a Vice President at JPMorgan Chase where he analyzed and reviewed market risk and advised on economic results and long-term viability for the national Underwriting effort within Community Development Banking (CDB). He supported $2.5 billion within four regional portfolios of real estate properties, primarily affordable multifamily. Mr. Mowery has also worked for Arizona Department of Housing and The Danter Company. He is skilled at Market Risk Analysis, Market Study/Appraisal Review, Portfolio Monitoring, Pipeline Management, Affordable/Market-Rate Housing, Underwriting, Community Development and Market Development. Mr. Mowery holds a bachelor’s degree in Business Administration and Accounting from Ohio Dominican University.

Eric Pacella has conducted real estate market research in more than 140 markets in 37 states since 2014. Mr. Pacella has experience evaluating a broad range of product types, including senior housing, Low- Income Housing Tax Credit apartments, market-rate apartments, subsidized housing, student housing, homeless supportive housing, single-family housing, condominium housing, mixed-use developments and commercial space. Mr. Pacella holds a Bachelor of Arts degree in Journalism from The Ohio State University.

Field Staff – Vogt Strategic Insights maintains a field staff of professionals experienced at collecting critical on-site real estate data. Each member has been fully trained to evaluate site attributes, area competitors, market trends, economic characteristics and a wide range of issues influencing the viability of real estate development.

Qualifications V-2