Additional affordable housing units are closer to becoming a reality after the Columbus City Council took action Tuesday night to help that project along. Robin Hilber is with the city’s department of redevelopment. She says the proposed Gladstone Apartments will be off of State Street…
The complex would allow residents who earn 60 percent of the average median income.
Council approved a resolution including naming that property an economic revitalization area, and another offering a 10-year tax abatement.
Being in a designated ERA will greatly help the developer in getting state tax credits, making the project financially feasible. In paperwork filed with the city, the developer estimates this $11 million project will be completed in April of 2020, if the state tax credits are approved.