NITIES I MU NDI OM VID C U A S LS IE IL F M A A M F I L I S E L S A U through D IMPACT C I O V I & HOUSING M D M N I SERVICES U N I S T E I I E T S I N U I N M D M I V O I C D U A S L S E I L I F M A Community Properties of Ohio 2012 Annual Report ER 2012 OCCUPANCY ERT PROPE ATT ED OP IES D RT SC SI PR E IE Y T G S T E D A R S With newly renovated units, safety programs in place E N A N A P in neighborhoods, better opportunities for community W M - D O E R I involvement, and numerous programs supporting resident’s 99% T 98% 97% I H O S T needs, CPO has experienced an occupancy increase P occupancY occupancY occupancY across all partnerships in 2012. C TOLEDO 21 N E 5 . MORSE RD 7 LINDEN 27 4 . 10 ARK HIGHT ST WEINLAND P 23 GE . 6 ALIAN VILLA AD ST T 19 2 IT 11 BRO . ON WES 20 MAIN ST HARRIS 25 16 22 13 ST SIDE 17 NEAR EA 2 12 1 15 9 4 W 6 14 2 HILLTOP ON 8 FRANKLINT NEAR SOUTH SIDE OUTH, OH PORTSM S 18 ST. S. 2ND KETTERING, OH 3 AFFORDABLE & taX CREDIT MULTI SENIOR/DISABLED PROJECT-BaseD SPECIAL NEEDS MULTI-FAMILY PROJECT-BaseD SECTION 8 AND SINGLE FAMILY COMMUNITIES SECTION 8 MULTI-FAMILY COMMUNITIES COMMUNITIES MULTI-FAMILY COMMUNITIES 1 CITY VIEW HOMES 34 units 14 SOUTHSIDE HOMES 32 units 2 CORNER Stone Commons 4 units 15 WHITTIER LANDING 40 units 3 CourtYARDS OF KETTERING 103 units 16 BOLLINGER TOWER 100 units 4 DUXBERRY LANDING 35 units 17 CAMBRIDGE ARMS 54 units 5 FairvieW HOMES 32 units 18 HORIZON HOUSE 50 units 6 Hilltop HOMES 30 units 19 MICHIGAN AVENUE SCHOOL 34 units 7 JOYCE AVENUE HOMES 31 units 20 COLUMBUS SCHOLAR HOUSE 10 units 8 KINGSFORD HOMES 33 units 21 YWCA OF northeast OHIO 65 units 9 Lucas HOMES 7 units 22 NEAR East SIDE 425 units 10 MAPLESIDE HOMES 56 units 23 WEINLAND PARK 273 units 11 NEIGHBORHOOD HOUSE 24 NEAR SOUTH SIDE 100 units ScattereD SITES 50 units 25 Harrison West 72 units 12 SOUTH East COLUMBUS HOMES 39 units 26 Italian Village 57 units 13 SOUTH OF MAIN HOMES 50 units 27 LINDEN 42 units WHAT IS CPO? IMPACT THROUGH HOUSING Community Properties of Ohio Management Services CPO is a successful, innovative, customer service oriented property (CPO) is the mission-based property management affiliate management company specializing in urban revitalization and of Ohio Capital Corporation for Housing. CPO was created transforming troubled properties into revitalized communities. in 2003 to undertake the Community Properties Initiative in Recognized for its excellence in housing management, CPO also Columbus: the rehabilitation of more than 200 buildings and provides professional management services to third-party owners 1,000 units of scattered site, affordable housing in seven and has a growing focus on managing multi-family apartment inner-city Columbus neighborhoods, with a focus around the communities with management and maintenance staff located onsite. Ohio State University and near east side. The once “housing of last resort” is now renovated, quality housing serving D UNITS NTRACTS AGE CO AN W families and individuals throughout the city. CPO has moved M E N O 2 beyond traditional property management in responding to the P 1 C 0 challenges facing residents by providing needed services and 471 2 safety programs. CPO has become a premier “best practices” THIRD PARTY 10 SCATTERED-SITE units at COLUMBUS property management company specializing in management 932 SCHOLAR HOUSE and maintenance, marketing, compliance, safety, and CPO OWNED supportive service initiatives. 35 328 units at ER DUXBERRY FT SITE-MANAGED RE A LANDING FO E B 1% % 2% % 3 3 2012 PORTFOLIO MIX BY % SUBSIDY/FUNDING SOURCE 7 3 (1782 units) % 8 6 % SECTION 8/lihtc & HOME WHAT DOES CPO DO? NO SUBSIDY/lihtc % 7 1 CPO has a three-fold mission to provide quality, affordable SECTION 8/lihtc 2 housing; link residents with resources that stabilize their 2 % PBVP housing; and assist residents to move beyond poverty where NO SUBSIDY/lihtc & HOME possible. Most of the housing developments managed by LIMITED PBVP/lihtc & NSP CPO serve extremely low income residents, making less NO SUBSIDY/NSP OR HOME than $10,000 per year. Approximately 67% of the residents PBVP/lihtc are single mother heads of household. In addition, the CPO S+C/lihtc portfolio also contains single family and multi-family homes managed for third-party owners, and developments financed through the Low Income Housing Tax Credit program (LIHTC). Section 8 (project-based) HUD provided rental assistance for low-income families LIHTC Low-Income Housing Tax Credit. An indirect Federal subsidy for the acquisition, rehabilitation or new construction of rental CPO PROJECT-BASED SECTION 8 RESIDENT INCOME housing targeted to lower-income households compareD to povertY GUIDELINE HOME HUD block grant to create affordable housing for low-income $40,000 households $35,000 NSP/HOME Neighborhood Stabilization Program. Funding for the purpose of stabilizing communities that have suffered from foreclosure $30,000 or abandonment $25,000 S+C Shelter Plus Care. HUD provided rental assistance for hard to $20,000 serve homeless persons with disabilities. PBVP Project-Based Voucher Program. Public Housing Authority $15,000 provided rental assistance for low-income families to live in $10,000 specific housing developments. $0 39 2 75 2012 PORTFOLIO BY HOUSING TYPE Management companY OF RECORD (3%) 1 Person Household FamilY PROJECT-BaseD SECTION 8 (48%) 2 Person Household3 Person Household4 Person Household5 Person Household6 Person Household7 Person Household8 Person Household 5 7 4 SENIOR/DISABLED PROJECT-BaseD 4 CPO Tenants* U.S. PovertY LEVEL** 4 SECTION 8 (13%) 8 *SOURCE: Resident Annual Income, Community Property of Ohio management software, SPECIAL NEEDS (4%) October, 2012 5 0 **SOURCE: 2011 Pverty Guidelines, US Department of Health & Human Services (Federal loW INCOME HOUSING taX/CREDIT/ Register, Vol. 76, No. 13, January 20, 2012, pp. 3637-3638 HOME/NSP (32%) COLUMBUS State COMMUNITY COLLEGE sponsoreD HOLIDAY EVENT FOR RESIDents. CSCC stuDents volunteers hosteD GAMES, craFts AND serveD LUNCH NTRACTS CO EW N 12 0 2 COLUMBUS SCHOLAR HOUSE In August 2012, Community Properties of Ohio Management targets capable and motivated parent students, many of whom come Services (CPO Management) launched Columbus Scholar House, an from economically disadvantaged backgrounds, who are at risk of affordable housing Program inspired by multiple successful Scholar dropping out of school or sub optimizing their educational opportunity House concepts operating throughout Kentucky, with the support of due to a lack of resources. The children in these families are like- Kentucky Housing Corporation (KHC). The Columbus Scholar House wise at risk of not getting essential early childhood development Program, developed in partnership with Columbus Metropolitan experiences needed to lay the foundation for normal development Housing Authority (CMHA), is an apartment community offering and future academic achievement. project-based rental assistance to low-income parents attending a State of Ohio accredited institution of higher education. The pilot The housing and education programs are administered as one program is located in the newly renovated and historic “Charles” Program, as housing depends on the client’s successful participation building at the corner of North 17th Street and East Long Street, and continuation in the education component. Participants are full- which was commemorated with a dedication event on November time student parents with primary custody of at least one child and 7th, 2012. This community consists of a ten (10) 2 & 3 bedroom must be enrolled as full-time students at a State of Ohio accredited apartments, with the intent to develop an additional twenty eight university. The student must have at least one year remaining to apartments and townhomes along N. 17th Street in the future. complete their degree and maintain a GPA of 2.5 or higher throughout the Program. Program objectives include: increasing academic and The Columbus Scholar House Program is the first of its kind in career success of low-income, at-risk parent students; ensure that Ohio and is directly aligned with CPO’s mission and community children of at-risk parent students receive critical early childhood initiatives. The Program is designed to improve lives, families and developmental experiences necessary for continued academic communities through education by serving at-risk students facing achievement; increasing the quality of family life experience within barriers to completing their degree. Columbus Scholar House the home; increasing social and life skills of participant families; and facilitates targeted investment of resources that maximize individual, building social capital by integrating students into the Scholar House family and community impact. Specifically Columbus Scholar House community as well as the surrounding community and campus life. StaBLE HOUSING LEADS 2012 ANNUAL TURNOVER # UNIT TOTAL AVERAGE TO Success TURNS UNITS TURNOVER CPO INITIATIVE 205 932 22% Creating housing stability is vital to a family’s success. With affordable housing in place, families have 3RD PARTY SCATTERED-SITES 73 469 16% opportunities to become financially, educationally, and socially successful. CPO continues to work with residents SITE MANAGED 76 328 23% at risk of losing their housing due to utility disconnection, housekeeping issues, non-payment of rent and/or TOTAL PORTFOLIO (Avg.) 354 1729 20% the presence of illegal substances. CPO provides a foundation for creating communities where families and individuals can thrive. E OBJECTIV T PROGRAM R ES AC S CO P S IM T’ C O A P P C M F I service CPO Impact O SAFE O staBILIZE S COORDinator E P NEIGHBORHOODS P The Community Properties Impact Corporation, a C HOUSING Y 501 (c) 3 foundation, was created to fund CPO T initiatives that support the research, development, and at-RISK implementation of programs that support residents and RESIDENT Move HELP CPO program further the mission of CPO.