Explanation
BACKGROUND
This ordinance authorizes the Director of the Department of Development to modify a grant agreement with Healthy Linden Homes VII LLC, a disregarded entity of HNHF Realty Collaborative, to allow for costs incurred prior to the approval of the purchase order, PO577019, beginning April 1, 2026. All other aspects of the agreement will remain the same. ($0.00)
Orig. Agreement $2,500,000.00 Ord 0326-2026 PO577019
Mod 1 $ 0.00
Total $2,500,000.00
Ordinance 0326-2026, approved by Columbus City Council on March 5, 2026 authorized the Director of the Department of Development to enter into a grant agreement in an amount up to $2,500,000.00 with Healthy Linden Homes VII LLC, a disregarded entity of HNHF Realty Collaborative.
The project was originally set to close in March of 2026, aligning with start of construction of the project, therefore, reimbursing costs incurred prior to the approval of the purchase order was unnecessary. The project could not close in March due to site control issues with multiple properties, but still maintained the start of construction on the properties that had already obtained site control resulting in the need for the request to reimburse costs incurred prior to the approval of the purchase order at this time.
Healthy Homes is an affordable housing developer, 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 VII LLC seeks to further address Columbus’s housing affordability issues by developing 23 units of new construction rental housing in zip codes 43211 and 43224. These properties will consist of infill development, designed to replace residential structures that have been demolished.
The 23 rental units for which we are seeking funding will consist of eleven single family homes and six duplexes. Two of these properties will be built by Unibilt Industries-a modular home b...
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