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Germantown YWCA Community Meeting Presentation

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The Heritage—Columbus, OH<br />

The Heritage (f.k.a. Agler Green) is a 384 unit project<br />

based Section 8 development on 35 acres.<br />

The once crime riddled development known as<br />

“Uzi Alley” has 100% occupancy. The Heritage at<br />

the time it opened for leasing in 2003 had 1000<br />

applicants and a two year waiting list. It continues<br />

to be a marquee development in Columbus,<br />

OH. Part of the attraction is the size of the units,<br />

which are very large for a project based Section 8<br />

property. The Heritage was the largest affordable<br />

housing development in the State of Ohio for<br />

two years and the largest single project in Ohio<br />

Capital Corporation for Housing’s (OCCH) equity<br />

investment portfolio. This property was featured<br />

in Affordable Housing Finance magazine for its<br />

creative finance structure and was recognized by<br />

HUD for having completed the first IRP Decoupling<br />

through OMHAR in the country. The property<br />

features a community center, five playgrounds<br />

and basketball courts. Residents have been able<br />

to participate in numerous activities sponsored by<br />

The KBK Foundation, the community supportive<br />

services entity of KBK Enterprises. The total project<br />

cost for this development was $26 million.<br />

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