Explanation
BACKGROUND
This legislation authorizes the Director of Development to enter into a grant agreement with Franklinton Rising for a new affordable housing construction project in an amount not to exceed $600,000.00. This funding will provide for eligible costs, including soft costs, which may have been incurred prior to the establishment of the project's purchase order, making those pre-award costs eligible for reimbursement if needed.
Franklinton Rising is initiating its first ground-up new construction project, 89/93 Chicago Avenue, Columbus, 43222 (being Parcel Nos. 010-001842-00 and 010-024891-00). This project includes two buildings, each on adjacent vacant lots. Each building will have a full basement and two, three bedroom apartments with one and one half bathrooms. One unit is at ground level and the second directly above the first on the second floor. There is a covered exterior stairway to the basement and to the second floor. Each apartment will have between 1100 and 1200 sq. ft. of space, plus a portion of the basement for storage. The first floor apartments will be fully handicap accessible. Parking will be provided in the rear of the buildings, off the alley.
The architectural design is consistent with other buildings in the neighborhood, including porches for maintaining/creating neighborhood socialization. These apartments will be rented and targeted for families with income at or below 60% of AMI or at or below 80% AMI.
Franklinton Rising intends for graduates of the Lower Lights Adult ministry program, also on Chicago Avenue, to be some of the renters. Lower Lights Adult Ministries has programs for females coming from abuse, addictions and/or prison; they have been renting two Franklinton Rising properties on Chicago Avenue for a portion of their programs. They have long term rental agreements with Franklinton Rising and want to stay in the properties. Ten to twelve women are graduating from the Lower Lights programs e...
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