COLUMBUS, Ohio (AP) — The Columbus Metropolitan Housing Authority has purchased a historic downtown apartment complex for $29.3 million in an effort to address the city’s affordable housing crisis.
The acquisition includes the Vera on Broad complex, a 114-unit mixed-income development located at 366 E. Broad St. The property features a historic three-story building constructed around 1926, alongside an eight-story addition completed in 2023.
“We see the Vera on Broad acquisition as an opportunity to expand mixed-income housing options in an area of Columbus that’s increasingly attractive to households of all income levels,” said Scott Scharlach, the authority’s chief operating officer. “Our purchase also aligns with our strategy of acquiring multifamily housing that’s located in neighborhoods with close proximity to transit options, easy access to healthcare and education services, and near job centers.”…