JOHN KIRCHER, SENIOR VICE PRESIDENT OF DEVELOPMENT

SCHOLAR HOUSE

KENTUCKY SCHOLAR HOUSE PROGRAM

Scholar House falls under Kentucky Housing

Corporation’s Specialized Housing Programs

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Bowling Green Scholar House

KENTUCKY SCHOLAR HOUSE PROGRAM

Housing and education initiative Operated as one unit

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The Learning Villa

KENTUCKY SCHOLAR HOUSE PROGRAM OPERATION

Single parents with custody given preference Must be eligible for the Section 8 Housing

Choice Voucher Program Must be enrolled as full-time students Application and interview process Onsite childcare facility

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KENTUCKY SCHOLAR HOUSES

Bowling Green Scholar House ** Scholar House of Paducah ** The Learning Villa (Owensboro) ** Pikeville Scholar House Louisville Scholar House Northern Kentucky Scholar House

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KENTUCKY SCHOLAR HOUSE PROGRAM RESULTS AND SUCCESS

553 families participating in the program 189 participants completed the program 79 earned college degrees, 2 earned master’s

degrees 120 went on to stable housing 84 exited to stable employment 542 female/ 32 male participants

Reference: KHC Scholar House Program Entry

www.ncsha.org/system/files/KHCScholarHouseProgram.pdf

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KENTUCKY SCHOLAR HOUSE PROGRAM COST OF THE PROGRAM

On average, assuming a mother and one child, the typical

participant in the Scholar House Program receives: $225 from Kentucky Transitional Assistance Program $347 in Food Stamps $552 Housing Subsidy $619 in rent On average these monies equal $1,127/ month or $54,096/four years

Reference: KHC Scholar House Program Entry

www.ncsha.org/system/files/KHCScholarHouseProgram.pdf

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KENTUCKY SCHOLAR HOUSE PROGRAM

The program can and has been replicated

In 2014, Ohio awarded LIHTC to the Columbus Scholar House

Section 8 Rental Assistance, Low Income Housing Tax Credits, HOME funds make financing feasible

Local and community government and support from educational facilities add to the viability of the program

Reference: KHC Scholar House Program Entry

www.ncsha.org/system/files/KHCScholarHouseProgram.pdf

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COLUMBUS SCHOLAR HOUSE

Ohio Scholar House Initiative Innovative Housing Services Provided Financial Structure Underwriting Issues

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COLUMBUS SCHOLAR HOUSE

Developed by the Columbus Metropolitan

Housing Authority and Community Properties of Ohio Development (a subsidiary of OCCH)

Part of the economic redevelopment plan in the Columbus Choice Neighborhood Initiative

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COLUMBUS SCHOLAR HOUSE

The project involves the acquisition of 10

existing units and the new construction of 28 units (18 apartments and 10 townhome units)

The Scholar House model has demonstrated success in Kentucky and Minnesota (The Jeremiah Program)

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COLUMBUS SCHOLAR HOUSE - INNOVATIVE

Targets capable and motivated parent students Provides essential early childhood development Provides two-generation investments

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COLUMBUS SCHOLAR HOUSE - INNOVATIVE

Educational and housing component Housing and education programs are to be

administered as on Program

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COLUMBUS SCHOLAR HOUSE - INNOVATIVE

Eligibility:

Primary custody Full-time student enrolled in a degree or

specialty program One additional year remaining

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COLUMBUS SCHOLAR HOUSE - INNOVATIVE

Eligibility:

GPA of 2.5+ At least 18 years old Eligible for Section 8 PBV Application and interview process

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COLUMBUS SCHOLAR HOUSE – SERVICES PROVIDED

Services:

Access to a Family Services Coordinator CPO Impact has an MOU with partner

colleges and universities Columbus State Community College The Ohio State University Access Collaborative Program

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COLUMBUS SCHOLAR HOUSE – SERVICES PROVIDED

Services:

Individuals required to take at least 3 workshops during their first year

Service Coordinator assists with childcare options

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COLUMBUS SCHOLAR HOUSE – FINANCIAL STRUCTURE

OCFC $1,000,000 City of Columbus $300,000 Choice Neighborhoods $500,000 Deferred Developer Fee $200,000 Tax Credit Equity $526,652 awarded Project Based Subsidy

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COLUMBUS SCHOLAR HOUSE – UNDERWRITING ISSUES

Support Service Model

Issues could arise should the funding for services become unavailable

Partnerships with educational institutions not guaranteed

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COLUMBUS SCHOLAR HOUSE – UNDERWRITING ISSUES

15 years of government rental subsidy can be

perceived as risky OHFA is not sure how to monitor innovative

projects Partnerships with educational institutions not

guaranteed

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WWW.OCCH.ORG

John Kircher Senior Vice President, Development Ohio Capital Corporation for Housing 88 East Broad Street, Suite 1800 Columbus, Ohio 43215 Office - 614-224-8446 Fax - 614-629-3036