Messages from the Board Chair and the President & CEO
While continuing to sell or rent single family homes and apartments to low-to-moderate income households, Homeport significantly expanded its mission in 2018 to also build for working class families.
By the end of the year, Homeport was advancing developments in Whitehall and Columbus for individuals and families making up to 100 percent of the area’s median income -- $76,400 for a family of four.
Homeport has traditionally served individuals, families and seniors making no more than 60 percent of the area median income, $45,840 for a family of four. The decision to expand became apparent as Central Ohio income growth continued to lag, by half, rental rate increases.
Constructing homes for teachers, policemen, firefighters, skilled trade and warehouse workers will require new sources of capital and, at times, partnerships with socially minded investors and market rate builders.
Our Whitehall project, 102 apartments in a four-story building, will be built by our organization with traditional financing as opposed to Low-Income Housing Tax Credits (LIHTC), our financial workhorse.
In 2018, we also reached an agreement, without LIHTC funding, with a well-known market rate real estate developer for a mixed income project in Columbus. Fifty percent of the units will be for individuals or families earning no more than 100 percent of the area median income.
The need for both low-income and workforce housing cannot be understated.
In 2015, a study released by the Affordable Housing Alliance of Central Ohio said that 54,000 families were paying at least 50 percent of their income for rent.
In May 2018, the National Low-Income Housing Coalition released an annual study that stated the Columbus Metropolitan Area had the most expensive “housing wage” in Ohio.
A local family needed to earn $17.50 an hour ($36,400 a year) to afford a market rate two-bedroom apartment rent of $910 a month.
That same report said renters -- 40 percent of the overall housing market -- earn an average of $15.31 an hour and should not be spending more than $796.
Educational opportunities and a diverse, growing economy have made Central Ohio a very desirable area. In April 2018, Realtor.com ranked us the fourth hottest housing market in the country after Midland, TX, Boston and San Francisco. A year later we were No. 1.
The housing market is being pressured by inventory shortfalls. Homes are being snapped up quickly and often for more than the original asking price.
And then there is this: Central Ohio is projected to add 1 million residents by 2050. This will create additional demand on homes for sale, which in turn effects the price of homes being rented.
Homeport remains committed to building low-to-moderate income rental housing.
In 2018, Homeport:
Began building a LIHTC-funded 30-unit apartment complex in Reynoldsburg. It is a beautiful location off Livingston Avenue across the street from Blacklick Woods Metro Park and close to Reynoldsburg High School. It will provide stability for children going to school and a bus line for parents going to work.
Built nine single family homes for sale in historic American Addition, homes made affordable thanks to a subsidy from the City of Columbus.
Dedicated Hamilton Crossing, a 64-unit senior housing community in Whitehall, with a special ceremony attended by the residents as well as Mayor Kim Maggard and Franklin County Commissioner Marilyn Brown.
Completed 33 new lease-option homes in Milo-Grogan, capping rents at no more than $725 a month. U.S. Secretary of Housing and Urban Development Dr. Ben Carson visited one of the homes to tout “Opportunity Zones” created in the tax code overhaul.
Milo-Grogan also benefitted from repairs on 16 homes and 5 businesses thanks to grant funds from Fifth Third Bank and Ohio Capital Corporation for Housing. More repairs are slated in 2019 thanks to generous contributions from The Columbus Foundation and NiSource.
Homeport, through its homebuyer education classes and supplemental counseling, played a key role in 350 clients purchasing homes that collectively sold for over $50 million in 2018.
One of those clients was Joyce Mayne, a retired Columbus City Schools custodian who bought a home she had been renting nine years from Homeport. In becoming a first-time homebuyer -- just in time for her 75th birthday -- Ms. Mayne fulfilled a dream she and her late husband Larry shared of having a place for family, children and grandchildren, to visit and eventually inherit.
“Oh wow. Just being here is just something I never dreamed,” she said. “I never dreamed of owning something like this.”
Not just numbers
Our data tells the story of lives stabilized and dreams realized.
Spirit of Homeport Award
Andy and Holly Malone
“There’s something really special about connecting the experience of purchasing your own home with helping others find a safe home of their own.”
Realtor Andy Malone and his wife Holly saw people being left behind in the real estate market. Their creative response to the problem earned them the 2018 Spirit of Homeport Award.
Close the Gap
Affordable homes play a key role in creating an inclusive, accessible city that moves everyone forward.
Homeport helped close the affordability gap in 2019 with investment in places like Reynoldsburg and Milo-Grogan.
Joyce Mayne's Story
Homeport’s lease-option program helped prove something we always knew was true:
You’re never too old to own your first home.
Development and Neighborhood Revitalization
New homes in Reynoldsburg and American Addition are providing families with safe, affordable housing options while also improving the surrounding community.
Homeport is adding 30 affordable apartments directly across from Blacklick Woods Metro Park in Reynoldsburg. Read More ›
The revitalization of the American Addition neighborhood saw another significant step forward in 2018, with the addition of 9 new homes.
Laser Focus on Clients
Residents accessed new resources like employment assistance and mammogram screenings, and people like Maggie, Essie and Kanica became proud homeowners. It’s all part of our focus on the well-being of residents through economic mobility, improved health, and opportunities for personal advancement.
Dress for Success
A new partnership was formed to help women in Homeport communities prepare for employment.
While the “Dress for Success” store resembles other Short North boutiques, it serves a special social mission – enabling individuals to wear "gently used" professional clothing at job interviews.
Healthy bodies and minds
Through partnerships, health screenings were provided to vulnerable populations, and kids enjoyed educational, enriching experiences.
OhioHealth’s breast cancer screening was brought to Homeport’s Marsh Run and surrounding properties in an effort to correct disparities in care.
Housing Advisory Services
Homeport’s housing advisory and lease-option programs helped people like Kanica, Essie, and Maggie experience the pride and benefits that come with homeownership.
After Kanica purchased a home through Homeport’s lease-option program, she was so encouraged by the experience that she helped her mom do the same.
Lakeisha Terry was barely a month inside her new Homeport home in Milo-Grogan when she was asked to host Ben Carson, the U.S. Secretary for HUD. Shortly after, she accepted another challenge: traveling to the Community Leadership Institute held by NeighborWorks America.
From providing grants to a family-owned cleaners in Milo-Grogan, to much-needed updates at Marsh Run, Homeport’s partners extend the reach of our impact in ways that would be impossible alone.
Energy-efficient Homes with Columbia Gas
Thirty-three Homes in Milo-Grogan were built to be energy-saving all-stars, thanks to a partnership between Homeport and Columbia Gas.
Columbus REALTORS® Care Day
For the 15th annual REALTOR® Care Day, volunteers worked on a community garden in Milo-Grogan and provided exterior improvements for 17 area homeowners and one business.
Learn about six of our partners, their role at Homeport, and their vision for impacting Central Ohio in the coming years.
The Columbus Foundation + Marsh Run
Homeport’s partnership with The Columbus Foundation dates to 1987. Today, Marsh Run residents are benefitting from the ongoing relationship.
OCCH + Milo-Grogan Businesses
Ohio Capital’s placed-based grants are making a tangible difference in Milo-Grogan, a neighborhood that is seeing investment on multiple fronts.
High Performance Culture
Homeport is proud to boast a diverse and talented staff. Homeport’s team is committed to building prosperity for all Central Ohioans at work, and serving as valuable members of the community – and the country – outside of work.
Read interviews with six members of our team to learn what drives them at work and beyond.
A Homeport Director Returns from Duty
On any given day for over a year in the Iraqi desert and mountains of Afghanistan, Army Chief Warrant Officer Will Wahler braved scorching temperatures, sandstorms and the occasional scorpion in support of a ground-to-air system shielding 3,000 U.S. and NATO troops.
Donors, Funders, & Partners
Thank you for providing dignity, security and opportunity to Central Ohioans in 2018!
Affordable Housing Trust
Amazon Smile Foundation
American Electric Power (AEP)
American Electric Power (AEP) Foundation
American Family Insurance
Andy & Holly Malone
Barbara Poppe & Associates
Berardi + Partners Architects
Big Lots Foundation
Boys and Girls Club Columbus
Bruce & Mary Ann Luecke
Buckeye Lifestyle Magazine
Building Industry Association (BIA)
Byers Minton & Associates, LLC
Catholic Social Services
Central Ohio Community Improvement Corporation (COCIC) Land Bank
City of Columbus
Clark Schaefer Hackett
Columbia Gas of Ohio
Columbus Commercial Industrial Investment Realtors (CCIIR)
Columbus Jewish Foundation
Columbus Metropolitan Housing Authority (CMHA)
Columbus Urban League
Community Shelter Board
Covenant Title Services, LLC
Crabbe Brown & James
Crane Group/ Able Roofing
Creative Housing, Inc.
Dave Perry Company, Inc.
Dispatch Media Group
Elizabeth & Jay Heiser
Emmett & Nicole Kelly
Enterprise Community Partners, Inc.
Ethiopian Tewahedo Social Services
Fifth Third Bank
Fifth Third Foundation
First Church of God
First Commonwealth Bank
First Federal Bank
Franklin County Department of Economic Development & Planning
Greater Community Columbus Helping Hands
Harold & Joyce Sternberg
Harry C. Moores Foundation
Housing Partnership Network
Huntington National Bank
Huntington Bank Foundation
Impact Community Action
Ingram White Castle Foundation
JP Morgan Chase Bank
JPMorgan Chase Foundation
Key Bank Foundation
Kirk Williams Company
Kohr Royer Griffith
L Brands Foundation
Leaderstat, (Eleanor Alvarez)
Matt & Julie Keating
McLean Hauling & Recycling
Mount Carmel/Trinity Health
National Church Residences
Nationwide Children’s Hospital
Nationwide Insurance Foundation
Oakwood Management Company
Ohio Capital Impact Corporation / OCCH
Ohio Capitol Corporation for Housing (OCCH)
Ohio Community Development Corporation (OCDC)
Ohio Housing Finance Agency (OHFA)
Park National Bank
Partners Achieveing Community Transformation (PACT)
PNC Bank Foundation
Porter Wright Morris & Arthur LLP
Red Capital Markets
Rhema Christian Center
Rob & Dawn Barkley
Robert D Walter Foundation
Ruscilli Construction Company, Inc.
Saint Charles Preparatory School
Sandra Doyle Ahern
Scioto Downs, Inc.
Siemer Family Foundation
Shremshock Architects, Inc.
St. Vincent Family Center
State Auto Insurance Companies
Stephen D. Steinour
Terracon Consultants, Inc.
The Robert Weiler Company
Third Federal Savings & Loan
Unied Parcel Services of America (UPS)
Union Savings Bank
United Way of Central Ohio
Vogt Strategic Insight
Vorys Sater Seymour & Pease, LLP
William E Lehner AIA
Women2Women (W2W) Sallie Gibson
Wright-Patt Credit Union
Invest in bringing people home.
Read the Gifting Guide to discover investment opportunities that yield priceless returns.
Homeport's 2018 Audited Financial Statements
|Support And Revenue|
|Contributions & Pledges||$1,272,926|
|Rental & Other Revenue||$3,521,185|
|Total Support & Revenue||$5,639,495|
|Management & General Operations||$995,371|
|Change in Net Assets from Operations||$328,225|
|Change in Net Assets from Operations||$328,225|
|Other Change in Net Assets
(Without Donor Restrictions)
|Total Change in Net Assets
(Without Donor Restrictions)
|Change in Net Assets
(With Donor Restrictions)
|Change in Total Net Assets||$430,597|
|Net Assets - Beginning of Year||$17,328,145|
|Net Assets - End of Year||$17,758,742|
Support and Revenue
Meet our leadership!
Board Member Profiles
“The work Homeport does is transformative. We simply need to get to a scale where everyone in our community has the opportunity to thrive.”
“Affordable housing brings a sense of hope and promise. Knowing there are possibilities to have stable housing lifts the burden of uncertainty for families.”
Introducing our Board "Fellows"
Georgie Asfoura and Jim Yeager, two graduate level students at Ohio State University, are participating in Homeport’s work in a unique way.