Explanation
This legislation will allow the Director to enter into a Housing Development Agreement with Healthy Linden Homes III LLC, which will ultimately be funded with $5,000,000.00 from a future Capital Budget, Affordable Housing Bond. Upon passage of the 2023 Capital Budget and when funds become available, an ordinance will be brought to Council to authorize a grant agreement.
Healthy Linden Homes III LLC 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 30 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.
The 30 rental units for which we are seeking funding will consist of 4 single family homes and 13 duplexes. 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 Linden Homes III LLC 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 walkways, and each site will be fully landscaped with sod and a shade tree. Upon completion, these projects will blend with the existing fabric of the community, and there will be no visib...
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