Campbell Landing
Campbell Landing
Campbell Landing is a general occupancy workforce housing community in Bellefontaine, Logan County, Ohio. This is a 52 unit new construction General Occupancy family workforce housing community. The complex consists of two garden/walk-up buildings containing a mix of one-, two-, and three-bedroom units. Each unit features Energy Star appliances, washer/dryer hook-ups, large walk-in closets, and vinyl plank flooring. The common area includes a community room, fitness center, laundry room, resident storage space, playground, bike storage, covered outdoor patio space, restrooms, and leasing and support staff office space.
The City of Bellefontaine, with an established population of over 13,000 people, has been very much in need of housing options for their quickly expanding workforce. RiverHills Bank provided funding for the project in the form of a construction loan of $6,396,000 and a permanent loan of $1,797,500. The community received 9% housing tax credits from the Ohio Housing Finance Agency in 2019 and will open in 2021. We would like to thank Spire Development and all of our amazing partner organizations whose hard work brought this project to fruition.
Scroll below to check out the pictures and video from the completed project, and find out more about workforce housing.
Workforce Housing
You may be wondering what exactly is workforce housing and why is it important? Across the country, it is becoming increasingly difficult for middle-income workers to buy or rent housing in the areas in which they work. In response, many middle-income workers move to more rural areas, leading to longer commute times, higher levels of traffic, and other negative consequences. Many cities are using workforce housing in an attempt to combat this rising issue.
According to the Urban Land Institute (ULI), Workforce Housing is defined as housing affordable to households earning between 60 and 120 percent of area median income (AMI). Workforce housing targets middle-income workers which include professions such as police officers, firefighters, teachers, health care workers, retail clerks, and the like (Parlow, 2015). Households who need workforce housing may not always qualify for housing subsidized by the Low-Income Housing Tax Credit (LIHTC) program or the Housing Choice Vouchers program (formerly known as Section 8), which are two major programs in place for addressing affordable housing needs.