Explanation
BACKGROUND:
This legislation will allow the Director of the Department of Development to enter into a Housing Development Agreement (HDA) with National Church Residences for The Scarborough affordable senior housing community, which will ultimately be funded with $2,000,000.00 from the 2024 Capital Budget, Affordable Housing Bond. Once funds become available, an ordinance will be brought to Council to authorize a grant agreement. National Church Residences will enter into a grant agreement with the city for the bond funds as a pass-through entity. National Church Residences is the ownership entity of the pass-through entity, Scarborough Senior Housing Limited Partnership.
The Scarborough is a proposed new construction, affordable senior housing community designed to house low-income seniors aged 62+ within Central Ohio. The project consists of eighty-four (84) one and two-bedroom units of new construction in an elevator-served building located on the Near East Side of Columbus. National Church Residences & Trinity Baptist Church with Development Partner, Nix Development Company, have partnered together to build senior housing on the Trinity Baptist campus and serve the seniors who reside there holistically, allowing them to stay home for life.
National Church Residences received for the development costs through the HUD Section 202 Housing for the Elderly program, which will pair with 4% Low Income Housing Tax Credits. The HUD Section 202 Housing for the Elderly award will also include rental subsidy for approximately 45 one-bedroom apartments and will include an on-site Service Coordinator who will be funded out of project rents.
The Scarborough will consist of one building with eighty-four (84) one and two-bedroom apartment units. Each unit has a separate kitchen, bathroom, living area, and bedroom. A percentage of the residential units will be designed to be 100% accessible and will be consistent with Section 504, Uniform Federal Accessibility ...
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