A 180-unit affordable housing community has opened on the site of a former nightclub in Columbus, Ohio.The NRP Group and the Columbus Metropolitan Housing Authority (CHMA) recently held a grand opening for The Sinclair Apartment Homes, which will serve residents earning between 30% and 80% of the area median income.
The new development replaces the Alrosa Villa, a longtime music venue in the city. In 2004, four people, including musician “Dimebag” Darrell Abbott, were killed in a shooting at the club. The shooter was also killed.The site has been transformed into a community of three four-story apartment buildings consisting of one-, two-, three-, and four-bedroom homes.
"In a city that's growing and evolving, we must ensure that the heartbeat of Columbus remains strong,” said Andrew Ginther, Columbus mayor, in a statement.
“Since Alrosa Villa closed its doors three years ago, the site has gone from an abandoned property on a main transit corridor to a vital housing community,” he said. “This is a remarkable example of Columbus' commitment to addressing the pressing housing crisis and providing affordable housing solutions where families and individuals can thrive."
Financing for the approximately $40 million development includes low-income housing tax credit funding from the Ohio Housing Finance Agency and Huntington National Bank.
CMHA played a lead role in helping to fund the development by issuing $27.7 million in tax-exempt and taxable bonds.
In addition to providing affordable housing, The Sinclair has also revitalized the Sinclair Avenue streetscape.
"Our valued partnership with the Columbus Metropolitan Housing Authority has been instrumental in establishing a housing community that not only grants easy public transit connectivity but also fosters pathways for residents to access employment opportunities," said J. David Heller, principal, president, and CEO at The NRP Group. “This collaborative effort embodies our commitment to creating not just homes, but a supportive environment where residents can thrive."