Date Incorporated: 2018
Purpose: To construct homes on parcels owned by the City of Columbus and Franklin County Land Banks in areas where there has a been a steady increase in market rate costs for housing.
Land Holdings: They are still in developing phases but have 9 neighborhoods which they are working in. There are 1,800 plots of land held between two land banks. Initial launch consists of single residential units with plans to move towards multi-family and commercial.
Governance Notes: Established as a subsidiary of Central Ohio Community Improvement Corporation (COCIC).
Date Incorporated: 2019 (still organizing)
Purpose: Permanent, affordable housing where homeowners can generate equity and create a sense of community.
Land Holdings: They recently acquired their first property in March 2022 and are in the progress of fixing it up.
Date Incorporated: 2012
Purpose: Affordable housing
Land Holdings: Four multi-family homes; Received property through donation and city funding.
Governance Notes: Board is self-replicating, but remains tripartite and responsible to membership; Residents organize and are in charge of their own operations within the multi-family units. Uses “dividend housing” ownership model, which offers a 3rd option between homeownership and rental; Residents build equity in a financial account rather than property, this allows them to budget money through their care and residency of the property, but relieves them of the financial burden of owning a home. Leases contain a scheduled legal agreement for earning credits towards an equity system which operates like a mortgage; credits are earned through day-to-day upkeep and participation in community organizing, thus this model seeks to remove both property and social duties from the market.
Date Incorporated: 1995
Purpose: Assist long-term community members, maintain economic diversity, promote racial integration, affordable and sustainable building.
Land Holdings: 26 for-sale homes and 14 for rent. They are currently working on a new project for senior housing.
Additional Information: Home Inc. runs a number of events and workshops for existing and potential residents of the organization's homes.