Explanation
BACKGROUND
This legislation will allow the Director to enter into a Housing Development Agreement with Healthy Linden Homes V LLC, which will ultimately be funded with $5,000,000.00 from the 2024 Capital Budget, Affordable Housing Bond. When the capital funds become available, an ordinance will be brought to Council to authorize a grant agreement.
Healthy Homes is a non-profit affordable housing developer, affiliated with Community Development for All People and Nationwide Children’s Hospital. It is 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 V LLC seeks to further address Columbus’s housing affordability issues by developing 23 units of new construction rental housing in zip code 43211. These properties will consist of infill development, designed to replace residential structures that have been demolished.
The 23 rental units for which funding is sought will consist of 11 single family homes and 6 duplexes. Eleven 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, the developer, has engaged General Contractors 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 traditional stick construction. Upon completion, these projects will blend with the existing fabric of the community, and there will be no visible evidence to suggest that they are mo...
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