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The City of Columbus has designated Fifth by Northwest as a "market ready" Community Reinvestment Area, with available 15-year, 100 percent tax abatements if projects include 10 percent affordable housing, with options to buy out of the requirement. [9] Residential property (single family homes) in 5xNW
The City of Columbus has designated portions of the University District as a Community Reinvestment Area that is "ready for revitalization", with available 15-year, 100 percent tax abatements for all projects that include 10 percent affordable housing, with options to buy out of the requirement.
Numerous original houses of poor quality have been demolished and replaced with new construction in the same urban style. The Battelle Memorial Institute, a major employer, at one time owned numerous rental properties and, concerned about urban blight on its doorstep, became actively involved in area redevelopment in the 1980s.
Federal Housing Administration loans, which are popular with first-time buyers, have lower minimums: 500 with a 10 percent down payment, or 580 with a 3.5 percent down payment.
Most homebuyers getting a mortgage have to pay a portion of the property’s purchase price upfront. ... and putting 10 percent down, you’ll take out a mortgage in the amount of $360,000 ...
Ally, for example, recently offered a 4.10 percent, 12-month CD with an early withdrawal penalty equal to 60 days of interest. The bank also offered an 11-month, no-penalty CD at a slightly lower ...
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