Bringing Affordable Housing to Seniors in Columbus, Ohio

April 2025 – Indianapolis, IN – The shortage of affordable rental options in Ohio creates significant challenges for seniors. The 2024 Ohio Housing Needs Assessment reported that a large portion of seniors are cost-burdened when it comes to housing, making it difficult for them to afford basic needs while maintaining housing expenses. Expanding access to affordable housing is something we focus on every day at Kittle Property Group. 

Cedarwood Apartments will bring 223 brand new, affordable apartment homes for seniors (age 55+) to the Columbus area.  The community will consist of 1- and 2-bedroom units with rents at 60% of the Area Median Income (AMI) and will feature three 3-story buildings with interior corridors and elevators, along with 9 one-story cottage-style buildings.  The community will offer residents a wide range of amenities, including: a community room with a kitchenette, fitness center, library, activity/craft space, dog park and scenic walking paths are  

“The benefits of aging in place for seniors is well documented,” said Erika Scott, Vice President – Development. “Cedarwood will add value to the Columbus area by helping our residents to retain their independence while providing the chance to build new connections with their new neighbors.”  

Financing for this community includes tax credits issued by the Ohio Housing Finance Agency and tax-exempt bonds from the Columbus-Franklin County Finance Authority. Additional financing for the project includes a construction loan from Huntington Bank, a permanent loan from CitiBank, and tax credit equity from CREA. 

About Kittle Property Group 

With roots going back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, construct and manage quality, affordable and market-rate multi-family apartment homes that serve as a catalyst to local economies by sustaining families, neighborhoods and businesses. Kittle Property Group owns and manages more than 18,000 apartment homes, providing homes to 30,000 family members in 16 states, and invested capital of more than $3 billion. 

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Filling the Need for Affordable Senior Housing in Seguin, TX

January 15, 2025 – Indianapolis, IN – Cedar Bluff Apartments will be a new 203-unit affordable housing community for seniors in Seguin, Texas. The community will consist of 1- and 2-bedroom units with rents at 60% of the Area Median Income (AMI) and will feature three 3-story buildings with interior corridors and elevators, along with 7 one-story cottage-style buildings. The community will be fully gated with a secure entrance, and the amenities will include a community room with a kitchen, fitness center, library, business center with computers and printers, activity/craft space, and a dog park.

Cedar Bluff will be built in a high-growth area of central Texas- just 30 minutes to San Antonio and 60 minutes to Austin. Seguin is a regional hub for manufacturing, retail, and healthcare and is a desirable place to live. Providing local seniors with an affordable housing option in the community where they are established will facilitate stability and continued connections across generations.

“Affordable housing is part of the foundation of a community,” said Carly Gast, Kittle Property Group Development Director. “We are very proud to bring this new development to Seguin. Our senior residents deserve not only a place to call home but a community where they can feel secure, supported, and connected.”

Financing for this community includes tax credits issued by the Texas Department of Housing and Community Affairs (TDHCA); tax exempt bonds issued by Alamo Area Housing Finance Corporation (AAHFC); a construction loan and tax credit equity from Huntington Bank; and a perm loan from KeyBank. AAHFC is the General Partner and General Contractor, with KPG being the Special Limited Partner and Master Subcontractor

About Kittle Property Group

With roots going back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, construct and manage quality, affordable and market-rate multi-family apartment homes that serve as a catalyst to local economies by sustaining families, neighborhoods and businesses. Kittle Property Group owns and manages more than 18,000 apartment homes, providing homes to 30,000 family members in 16 states, and invested capital of more than $3 billion.

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Affordable Housing Serves Growing Senior Population in Franklin County, Ohio

From 2020-2023, the population of people aged 65 and older grew faster than other age groups in the Columbus, Ohio metro area. For seniors, affordable housing is especially crucial as they transition to fixed incomes and seek to stay in the community they’ve built their lives in. Caravel Apartments, our brand-new apartment community will serve this growing age group that is projected to nearly double by 2040.

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SENIORS TO HAVE NEW AFFORDABLE HOUSING OPTION IN INDIANAPOLIS

Kittle Property Group is building a brand-new apartment community in Indianapolis. Sunspring Apartments will be a 26 building, 208-apartment home community for seniors that will serve residents with incomes restricted at 50%, 60%, and 70% of AMI. All buildings will be one story, eight-unit, cottage style buildings with a combination of 1 and 2-bedroom floorplans. This is a 56- acre site located on East 38th Street near the Hancock County line. Sunspring Apartments will bring a much-needed increase of affordable housing to an area where current affordable properties are occupied at 100%.

Sunspring Apartments will have plenty of amenities to provide residents with comfort and convenience! Amenities for this senior community will include a community garden, community building with full kitchen, fitness center, business center, bark park, washer/dryers in each unit, patio or balcony for each apartment home, bike storage, garages available for rent, additional storage units available for rent, and a connection trail to a future IndyParks Greenway.

Financing for the community includes tax exempt bonds issued by the Indiana Housing and Community Development Authority (IHCDA), a construction loan from First Merchants Bank, a permanent loan from KeyBank, and tax credit equity from CREA. First Merchants Bank and CREA are both local to Indianapolis and we are excited to partner with them on a local project!

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Filling the Need for Affordable Senior Housing in Houston, Texas

Cordova Apartments will be a brand-new 283-unit bond deal for seniors who need affordable housing. The unit mix will consist of 1 and 2BR units at 60% AMI. The site plan consists of 4 four-story interior corridor buildings. The 9.6-acre site will be fully gated, and amenities will include a community room with a kitchen, fitness center, business center with computers and printers, activity/craft space, library, and dog park.

Cordova will be built in a rapidly changing area of southeast Houston that is experiencing reinvestment and new development, with high demand for additional affordable rental housing. As the 4th largest city in the nation, affordable housing will remain a key component of the housing market for the foreseeable future.

Houston Housing Finance Corporation (HHFC) is the bond issuer, general partner, and general contractor on the deal (with KPG being the master subcontractor). Our partnership with them will allow for a full property tax exemption and construction material sales tax exemption. The project is financed by tax exempt bonds with a cash collateralized construction loan from KeyBank, a permanent loan from Cedar Rapids Bank & Trust, and tax credit equity from US Bank.

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New Affordable Housing Stock Coming to Kansas City, MO

January 17, 2024 – Kansas City, MO – Kittle Property Group, Inc. is bringing a brand-new affordable housing opportunity for 252 families or individuals in the Kansas City metro-area. The Depot Apartments will provide a housing option that fits the budget of a growing work force. Addressing the affordable housing gap is crucial in a city that lacks 64,000 affordable rental homes, according to the Mid-America Regional Council. The Depot will consist of 1-, 2-, 3- and 4-bedroom apartments, serving households of all sizes.

 

The Depot is a $60.7 million apartment community to be built on Kansas City’s South side. Located near Millennium Santa Fe Elementary and Hickman Mills Middle School, and a library branch, residents will enjoy this desirable and convenient location. This is a 31- acre site located within the East Bannister PIEA Planning Area, adjacent to the Three Trails System and a transportation hub.  The Depot brings value to the larger community by finally connect the walking trails that has long been missing a piece, with improvements to the city’s sidewalk system.

“Affordable housing stock is the key to maintaining stable, sustainable communities,” said Jeffrey Kittle, President & CEO of Kittle Property Group. “We are thrilled to expand the options in Kansas City.”

 

This community will have seven-buildings with several floor plan options ranging in size from 840 to 1,546 sq.ft. Each apartment home will include washer, dryer, master bedroom walk-in closets, attached balconies, full range kitchen appliances. Community amenities include a clubhouse, pool with entertainment area, playground, bark park, rentable garages and storage, and a bike storage room. Northwind is a pet-friendly community.

 

To develop The Depot, Kittle Property Group was awarded $24.4 million in federal tax credits, to be received over ten (10) year period, from the Missouri Housing Department Commission (MHDC). Include Tax Exempt Bond language? KeyBank also provided funding in the form of a $34.6 million loan. The community will provide an affordable housing option, and rent will be determined based on the Area Median Income (AMI) and the number of people in the household. The Depot will be ready to pre-lease this spring.

 

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About Kittle Property Group

With roots going back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, construct and manage quality, affordable and market-rate multi-family apartment homes that serve as a catalyst to local economies by sustaining families, neighborhoods and businesses. Kittle Property Group owns and manages more than 18,000 apartment homes, providing homes to 30,000 family members in 16 states, and invested capital of more than $3 billion.

 

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Apartment Community to Bring Budget-Friendly Housing to Austin Residents

December 28, 2023 – AUSTIN, TX – Kittle Property Group, Inc. is bringing affordable housing opportunities to 240 families or individuals in the Austin metro-area. With the state’s most expensive housing market, the residents of Austin will benefit from a housing option that fits the budget of a growing work force that is in need of additional housing stock.

Northwind is a $70 million apartment community to be built on Austin’s Northeast side. Located next to Pioneer Crossing Elementary School and Pioneer Crossing Neighborhood Park, residents will enjoy this desirable and convenient location. Northwind Apartments will consist of 1-, 2-, 3- and 4-bedroom apartments, serving households of all sizes. “We are thrilled to bring brand new, desirable apartment homes to the Austin area,” said Jeffrey Kittle, President & CEO of Kittle Property Group. “We know the area is growing and that additional housing choices are needed to serve those living and working in the area.”

This community will have twelve residential buildings with several floor plan options ranging in size from 860 to 1,493 sq.ft. Each feature-rich apartment will include high-end finishes such as luxury vinyl plank and carpet, kitchen pantry and island, and energy star appliances Community amenities include a clubhouse with a fitness center, game room, craft room and leasing offices. Outside, residents will also enjoy a pool with a covered outdoor entertainment area, playground and bark park. Northwind is a pet-friendly community. In addition, full perimeter fencing and a gated entrance will keep this community secure for residents.

To develop Northwind, Kittle Property Group was awarded $3.5 million in federal tax credits from the Texas Department of Housing and Community Affairs (TDHCA). Truist also provided funding in the form of a $40.5 million loan. The community will provide an affordable housing option, and rent will be determined based on the Area Median Income (AMI) and the number of people in the household.

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About Kittle Property Group
With roots going back to 1948, Kittle Property Group is a national leader in bringing together community, financial and government partners with innovative plans to develop, construct and manage quality, affordable and market-rate multi-family apartment homes that serve as a catalyst to local economies by sustaining families, neighborhoods and businesses. Kittle Property Group owns and manages more than 18,000 apartment homes, providing homes to 30,000 family members in 18 states, and invested capital of more than $2.5 billion.

 

 

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Kittle Property Group- Top Workplace 2 Years In a Row!!

We have once again been named a Top Workplace by the IndyStar – 2nd year in a row!!  We are thrilled to receive this in honor of the contributions of our KPG team members!

In late 2022, we were nominated as a workplace in Central Indiana with 50 employees or more that exhibits exceptional qualities.  We then asked team members to fill out an evaluation of the company with a 24-question survey.  Those responses were evaluated to determine which companies to recognize. Top Workplaces award winners are determined entirely by employee survey feedback!

After the feedback was collected, we were provided with a big picture executive summary that told us:

  • Our response rate was significantly higher than other participating property management companies.
  • Our engaged employees describe KPG’s culture, the top 3 characteristics, as: Resilient, Collaborative, and strong in Teamwork.
  • Our managers keep our employees well-informed about important decisions, make them feel a part of something meaningful, and help them learn and grow.
  • Our employees say they love their job because of the people who work here, making things happen for others, and the flexibility.

Being recognized as a Top Workplace two years in a row is truly a reflection of our team and the work they do every day! We appreciate everything our team does to grow the company and to support our mission.

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Kittle Property Group Recognized as Top Workplace by USA Today/Indy Star

We are so proud to have been named a Top Workplace by the IndyStar!!  This honor would not have been possible without the contributions of each and every team member!  Strengthening our workplace culture is something we have been working on for years. We started the Engagement Committee over 10 years ago, and officially recognized Culture as one of our values in 2011.  We knew then that focusing on our culture would be a long-term effort, but one that would be meaningful to all of our team members.  We have consistently worked to collect feedback, address the information we receive and make the changes that will have an impact.

In late 2021, we were nominated as a workplace in Central Indiana with 50 employees or more that exhibits exceptional qualities.  You may remember that we asked all team members to fill out an evaluation of the company with a 24-question survey.  Those responses were evaluated to determine which companies to recognize. Top Workplaces award winners are determined entirely by employee survey feedback!

After the feedback was collected, we were provided with a big picture executive summary that told us:

  • Our response rate was significantly higher than other participating property management companies.
  • Our engaged employees describe KPG’s culture as Collaborative, Goal-Oriented, and Flexible.
  • Our managers care about their employees and help them learn and grow.
  • Our employees say they love their job because they are helping others and making a difference.

 

Thank you all for the effort you put in each and every day!  A company’s culture is only as good as the team members who are a part of it, and this recognition is further proof of our success in hiring the right people in the right positions!

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