Explanation
BACKGROUND
This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with Franklinton Rising for a 4-unit affordable housing development in an amount up to $600,000.00. Approval is also requested for reimbursement of construction and soft cost expenses incurred prior to execution of the purchase order, starting March 1, 2025.
Franklinton Rising’s project will create four affordable housing units comprised of two duplex buildings built on two vacant lots, 157 and 175 Chicago Avenue, Columbus, Ohio, 43222. Simultaneously the developer will teach and train 15-25 apprentices, preparing them to launch careers in the building trades.
Each of the duplex buildings will have two, three-bedroom units, each with one large bathroom. The units will be built with nine-foot ceilings and extra energy efficiency. The first unit of each of the buildings will be at ground level and be handicap accessible. The second unit, directly above the first, will include a covered exterior stairway to the second floor. Each unit will have between 1100 and 1200 square feet of living space. The buildings will have installed solar panels, extra foam board exterior insulation, 2”x6” exterior wall studs with fiberglass insulation and 5/8” dry wall, all to ensure the least amount of electrical utility costs for each unit. Parking will be provided at the rear of the buildings, off the alley.
The established rents will target families with incomes of 50%-70% AMI. Franklinton Rising has partnered with various ministry programs in Franklinton including Lower Lights Adult Ministries and The Refuge, and staff members including Youth for Christ, to offer residency to their graduates. Such ministries desire for their graduates to remain in the area to help build a strong community and support others in the neighborhood. There are limited options, and this project provides quality, new units with fully furnished with appliances. ...
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