Explanation
BACKGROUND
This ordinance authorizes the Director of the Department of Development to enter into a grant agreement Columbus Metropolitan Housing Authority for the renovation of Country Ridge property in an amount up to $2,000,000.00. Columbus Metropolitan Housing Authority will enter into a grant agreement with the city for the bond funds as a pass-through entity. CMHA Country Ridge LLC is the ownership entity of the project and Columbus Metropolitan Housing Authority is a general member.
Country Ridge is currently an affordable housing community consisting of (96) units with a (50) unit Project Based Voucher HAP Contract that is owned by Columbus Metropolitan Housing Authority. The development is located at 5656 Farmhouse Lane, Hilliard, Ohio 43026. The project consists of (48) two-bedroom units and (48) three-bedroom units and built in 1998. At the time it was developed by National Church Residences, the city made a HOME loan to the project for $1,152,000.00 which with interest had increased to approximately $2,400,000.00 when it was forgiven by the Columbus City Council in 2023. Upon the recapitalization of this development, it will be monitored by OHFA for 30 years.
Renovations to Country Ridge will include new kitchen and baths, flooring, appliances, HVAC, water heaters, window treatments, siding, windows and roofs.
All residents will have access to CMHA’s RISE Center. CMHA's RISE Center serves as a centralized hub that provides access to valuable community resources for CMHA residents. The RISE Center can help you coordinate access to supportive services in the following four areas: Economic Empowerment, Educational Advancement, Health & Wellness, and Character & Leadership.
Some examples of available services include: Applying for emergency rental assistance, utility bill payment plans, and understanding your lease agreement. Signing up for health insurance, unemployment, and food assistance. Finding employment, housing, medical care...
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