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.
