Neighborhood Stabilization

HomePort for Duxberry Landing

Location: Columbus, OH

Loan Amount: $200,000

Loan Type: Predevelopment

Project Description: HomePort used a Predevelopment Loan to cover third party fees and other up-front costs for this 35 unit scattered site, single-family, LIHTC project with a lease to purchase option development (units rented for 15 years then offered to the residents for purchase) for low-income households earning less than 60% AMI.

Case Study:

HomePort used a Predevelopment Loan to cover third party fees and other up-front costs for this 35 unit scattered site, single-family, LIHTC financed project with a lease to purchase option for tenants (units rented for 15 years then offered to the residents for purchase) for low-income households earning less than 60% AMI.