Explanation
BACKGROUND
This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with Columbus-Franklin County Finance Authority for the new construction of Barthman Family Homes a 150-unit affordable apartment project in an amount up to $5,000,000.00. Columbus-Franklin County Finance Authority will enter into a grant agreement with the city for the bond funds as a pass-through entity to Barthman Family Homes LLC. Barthman Family Homes LLC is the ownership entity of the project and The NRP Group is the developer. Authorization is also requested for the reimbursement of expenditures prior to the issuance of the purchase order, beginning January 1, 2024. An amendment to the 2025 Capital Improvement Budget is also necessary to establish authority.
Barthman Family Homes presents a critical opportunity to ensure that as the South Side of Columbus continues to grow and attract new development, families are not left behind. This project will help preserve access to high-quality, safe, and affordable housing for those who need it most. Executed by The NRP Group (NRP), one of the nation’s leading housing developers, the proposed development aims to transform a long-troubled site into a vibrant, family-oriented community.
Barthman Family Homes will consist of 150 unit affordable apartment home project that ranges from one-bedroom to four-bedroom apartments units. These homes will serve individuals and families earning 60% of the Area Median Income. Residents will benefit from amenities such as a fitness center, business center, playground, leasing office, and package concierge along with convenient access to public transit on South High Street, connecting them to groceries, healthcare, schools, parks, and more.
As the City is aware, market-rate development has been steadily advancing down South High Street, including the planned luxury units at Steelton Village just down South High Street just south of the Barthma...
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