The has announced a $2 million program-related investment to in support of a $12 million renovation project in the Weinland Park neighborhood, a gateway to the campus of .
The low-interest loan will help support ' effort to renovate and restore properties along East 11th Avenue, including twenty-four row-house buildings comprising some ninety one- and two-bedroom units, paving the way for the buildings to become market-rate rentals. Rents will start at around $700 a month, with the first units expected be available later this year. Built between 1916 and 1921, the properties comprise a large portion of the approximately ninety buildings built by Columbus developer Charles Foster Johnson in the Indianola Historic District.
"Since 2009, with the , the foundation and its donors have supported significant improvements in Weinland Park, investing in the neighborhood for the benefit of its residents and the community as a whole," said Columbus Foundation president and CEO Douglas F. Kridler.