COLUMBUS, Ohio (WCMH) -- The former headquarters of a central Ohio nonprofit could be demolished for an apartment development with over 80 units south of Downtown Columbus. Called "AspireCOLUMBUS," the mixed-income apartment building at 360 S. Third St. is set to include studio, one, two and three-bedroom units. The proposal would see the former United Way of Central Ohio headquarters removed to make way for the $28.8 million development. Spotted lanternfly in Ohio: What to do if you find one This plan is being brought about by the Columbus Metropolitan Housing Authority, with help from a $17.5 million commitment in tax credits from the Ohio Housing Finance Agency. According to Robert Bitzenhofer, the CMHA's vice president for planning and development, this project will help with a dire issue. "The AspireCOLUMBUS redevelopment of the former UWCO site comes amid a well-documented shortage of affordable housing in Central Ohio," Bitzenhofer said. "Only 29 affordable housing units are available for every 100 extremely low-income households in the Columbus and Franklin County area." The Aspire apartments will host 31 rent-subsidized units thanks to CMHA's Housing Choice Voucher program. Residents in those apartments are expected to be at 30% of the Area Median income, or about $21,700 for one person and $27,900 for a family of three. Another 12 units will be at market rate, estimated to range from $1,211 for a studio to $2,280 for a three-bedroom. A rendering from the Columbus Metropolitan Housing Authority shows how the site of the former United Way headquarters would change with this development. The current plans for Aspire are revised from what was originally proposed. It was first introduced as a $70 million, 12-story building with commercial space and 136 apartment units. However, the project's scope changed to a five-story, 82-unit building without retail space when it was unsuccessful in securing some of its expected funding. CMHA will go before the Downtown Commission this fall to request a Certificate of Appropriateness for the project. If approved, the United Way's former headquarters will be demolished in late 2024, and construction is then planned to begin Spring 2025. Columbus-based architecture firm Moody Nolan is overseeing the design of the project.