The Brief

Franklin County Invests $3 Million to Secure Affordable Housing in Westerville Development

Franklin County commits $3 million to ensure 30% of units in a new Westerville residential project remain affordable for income-qualified residents.

In a significant move to address housing affordability, the Franklin County Board of Commissioners approved a $3 million memorandum of understanding (MOU) with CAG Westerville Uptown Acquisitions LLC on May 12, 2026. This agreement mandates that 30% of the 247-unit residential development in Westerville be designated as affordable housing for income-qualified residents. The development, which includes seven studio apartments, 156 one-bedroom apartments, and 84 two-bedroom apartments, will set aside approximately 74 units as income-restricted for a minimum of 18 years. These units will be leased at no greater than 80% of the Area Median Income (AMI), ensuring long-term affordability for lower-income households. Beyond housing, the agreement stipulates that the developer will wire the entire building for broadband internet and provide free internet service to income-restricted units for at least 18 years. Each income-restricted unit will also be assigned one non-reserved parking space in the development's 400-space garage for the full duration of the affordability period. The project is mixed-use, with the parking garage and development site serving both the residential component and a commercial portion that includes businesses and restaurants. The county's $3 million grant applies solely to the residential piece. CAG Westerville Uptown Acquisitions LLC is a development entity of Continental Ventures. During the May 12 General Session, Commissioner Kevin Boyce raised questions about the grant size relative to the share of income-restricted units. The presenting attorney confirmed that the $3 million figure reflects the county's standard agreement terms for Continental Ventures projects. The resolution was approved unanimously. This initiative aligns with Franklin County's ongoing efforts to promote affordable housing and address the needs of its residents. By securing a substantial number of affordable units in a new development, the county aims to provide stable housing options for income-qualified individuals and families, contributing to the overall well-being and economic stability of the community.

ℹ️ Researched and summarized from public reporting. Check the sources below.

Sources

County Commits $3 Million To New Westerville Development - Franklin County, Ohio — franklincountyohio.gov
Franklin County Board of Commissioners Approves $3 Million Grant for Affordable Housing in Westerville — Franklin County, Ohio