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File #: 1960-2024    Version: 1
Type: Ordinance Status: Council Office for Signature
File created: 6/26/2024 In control: Housing, Homelessness, & Building Committee
On agenda: 7/15/2024 Final action:
Title: To authorize the City Auditor to transfer funds within the Affordable Housing Bond Fund; to authorize the Director of the Department of Development to enter into a grant agreement with Healthy Linden Homes III LLC in an amount up to $5,000,000.00 in support of the development of 23 units of new construction rental and rehab housing; to authorize the expenditure of $5,000,000.00 from the Affordable Housing Bond Fund; to authorize the reimbursement of expenditures incurred prior to the establishment of a purchase order; and to declare an emergency. ($5,000,000.00)
Attachments: 1. 1960-2024 Housing Healthy Linden III Bond
Explanation

BACKGROUND
This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with Healthy Linden Homes III LLC for development of 23 units of new construction rental and rehab housing in zip code 43211 in an amount up to $5,000,000.00. Approval is also requested for reimbursement of expenses incurred prior to execution of the purchase order, starting January 1, 2023.

Healthy Homes is an affordable housing developer, focused on increasing the stock of high-quality housing options available to families earning no more than 80% of Area Median Income (AMI) in Linden. Healthy Linden Homes III LLC seeks to further address Columbus’s housing affordability issues by developing 23 units of new construction rental and rehab housing in zip code 43211. These properties will consist of infill development, designed to replace residential structures that have been demolished. Additionally, the parcels that have been identified for redevelopment are being acquired exclusively from the City of Columbus and Franklin County Land Banks.

Most of these properties will be built by Unibilt Industries-a modular home builder located in Dayton, Ohio. The modular units will be delivered approximately 75% complete and set on full foundations. Healthy Homes has engaged a General Contractor who will complete all site preparations, construct the foundations and manage the balance of work post-delivery. Once delivered, the units will require mechanical connections for electric, plumbing and HVAC. Porches will be constructed on site, and there will be some minor interior finishes to finalize. Lastly, the General Contractor will pour concrete parking pads and walk ways, and each site will be fully landscaped with sod and a shade tree. The units that are not modular are one rehab and traditional stick construction. Upon completion, these projects will blend with the existing fabric of the community, and there will be no visible evidence to sugges...

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