Enterprise Community Partners - Local Work

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Columbus
Home » Local Work » Columbus : Introduction

Columbus is the third fastest-growing metro area in the Midwest, a regional hub with moderate-to-strong growth, a strong middle class and low unemployment. But the older area of the city suffers from high poverty rates and dwindling numbers of residents.

Enterprise’s Columbus office is tackling the challenge of uniting development partners, strategies and capital resources to transform Columbus’ neighborhoods. Enterprise is focusing on the Weinland Park, Franklinton and Southside communities to address market stability and provide collaborative solutions for sustainable, healthy, affordable housing. Enterprise is working with our partners in select neighborhoods to focus on stemming the rising foreclosure rates and resulting vacant/abandoned properties, reverse the deterioration of housing stock and declining property values and maintain housing affordability for families.

We are grateful to the many partners that support our work in Columbus.
Donate now through Network for Good or learn about other ways to become involved with Enterprise.

Noteworthy
Enterprise Columbus, in collaboration with real estate businesses and housing organizations, launched CityLiving Network, a homebuyer’s website that offers affordable ownership opportunities in the Columbus region . New release. (PDF, 54K)

Accomplishments
Enterprise Columbus is a lead partner in the Community Development Collaborative of Greater Columbus.

The partnership has:

Provided $8.5 million in grants and loans to increase the production of affordable housing by 11 community-based organizations working in the city’s poorest neighborhoods.
Helped local partners produce nearly 5,000 rental and homeownership opportunities for low-income families.
Invested $16 million to help finance economic development projects in some of Columbus’ poorest neighborhoods.

Since 2000, Enterprise’s investment in the Columbus market includes:

$6 million in grants to Columbus’ community-based organizations
$65 million in Low-Income Housing Tax Credit equity investment
$22 million in New Markets Tax Credit equity investment
More than 2,000 rental and for-sale homes produced by community partners

Over the next three years in Columbus, Enterprise will:

Finance the construction or renovation of 1,000 affordable homes
Invest $18 million in grants, loans and tax credit equity for affordable housing
Advocate for best practices in local community development
Work with the city of Columbus and Coldwell Banker King Thompson
to broaden exposure of the CityLiving Network resource bank for homeownership

Success Story
The Four Corners project in northeast Columbus is the first new significant commercial development in the Linden community in almost 40 years. It represents a public-private investment of more than $13 million that sparked new construction and attractive rehabilitation of older commercial structures, including the Central Ohio Transit Authority’s flagship transit center, Columbus Metropolitan Housing Authority’s new headquarters, a State Farm Insurance office building, a Dollar General store, and a Neighborhood Policing Center. The Clarence D. Lumpkin Point of Pride Building is the last link in the visionary Four Corners project. It will provide 21,000 square feet of office and retail space. Enterprise Columbus spearheaded this $3.6 million project and provided operational support and technical expertise to the Greater Linden Development Corporation, which will make its future home in the building.