Additional requirements for Owner Occupied Affordable Housing Units.
Columbus City Codes § 4565.05
in effect4565.05 - Additional requirements for Owner Occupied Affordable Housing Units.
(A) To be eligible for an Incentive under this Chapter, Project Sponsors of Development Projects that include Owner-Occupied Housing Units shall, in addition to the applicable agreement requirements set forth in Sections 4565.07, 4565.08, and 4565.09 of this Chapter, be required to enter into an agreement with the City, (which as set forth in Sections 4565.07 and 4565.08 shall include executing restrictive covenants), as determined necessary by the Housing Officer, in consultation with the City Attorney, to ensure that all owner-occupied Affordable Housing Units remain affordable for the duration of any Incentive provided under this Chapter.
(B) Initial Pricing. The initial sale price of an Owner-Occupied Affordable Housing Unit less down payment and/or affordability assistance from a governmental entity or comparable organization, including a lender, must be set at a level that is at or below 120% AMI and the Cost of Ownership shall not exceed 35% of the Household's annual gross income.
(C) Resale: For Development Projects of four (4) or more Owner-Occupied Housing Units, the Housing Officer shall adopt rules to establish the resale price of Owner-Occupied Affordable Housing Units subject to this chapter. Such rules shall consider the purposes of this chapter to encourage the construction of affordable housing throughout the City while enabling owner-occupant sellers of Affordable Housing Units to realize a reasonable return on the sale of the Housing Unit, including consideration of improvements made to the Housing Unit by the owner-occupant. For Development Projects consisting of three (3) or fewer owner-occupied Housing Units in Market Ready and Ready for Revitalization areas, the Incentive provided under this chapter shall cease upon transfer of the property or any Housing Unit thereon that does not conform with deed restrictions that ensure its continued affordability for the duration of the Incentive. If a Project Sponsor paid a fee-in-lieu rather than providing the required number of rental Affordable Housing Units for its Development Project, and all or some of the Housing Units on the property were subsequently converted to Owner-Occupied Housing Units during the Incentive term, the Incentive shall be revoked unless the new owner-occupant's Gross Annual Income is at or below one hundred and twenty percent (120%) AMI and for which the annual Cost of Ownership does not exceed thirty-five percent (35%) of the Household's Gross Annual Income.
(D) The Project Sponsor shall be responsible for reporting to the Housing Officer the number of Affordable Housing Units in the Development Project for the duration of the Incentive period, which requirement shall be included as a restrictive covenant running with the land.
(Ord. No. 3447-2023, § 1, 12-11-2023; Ord. No. 1907-2025, § 1, 7-28-2025; Ord. No. 3328-2025, § 1, 12-15-2025)
Source: City of Columbus, City Codes and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT45HOCO_CH4565AFHOCOREARINPO_4565.05ADREOWOCAFHOUNFetched: 10/27/2026