Explanation
BACKGROUND: This ordinance authorizes the appropriation and expenditure of up to $160,000.00 of the 2021 HOME Investment Partnerships Program (HOME) entitlement grant (CHDO set-a-side) from the U.S. Department of Housing and Urban Development and to enter into a commitment letter, loan agreement, promissory note, mortgage, restrictive covenant, and bond grant agreement with Healthy Rental Homes VI, LLC to construct single family and duplex rental homes. The total commitment to the project is $1,230,000.00 with the remaining financial support being provided by bond funds already encumbered.
The 15 rental units for which Healthy Rental Homes VI, LLC is seeking funding will consist of nine single family homes and three duplexes (six units). The preliminary addresses are (note, the final house number may differ once the building permit is approved):
1915 Gault St.
1162 Bulen Ave.
1145 Lockbourne Rd.
1191 Lockbourne Rd.
1072 S. 22nd St.
856 Gilbert St.
973 Gilbert St.
783 Heyl Ave.
952 Lockbourne Rd.
1246-1248 S. 22nd St.
1057-1059 Wilson Ave.
1133-1135 S. Champion Ave.
All but three of these properties will be built by Unibilt Industries-a modular home builder located in Dayton, Ohio. The modular units will be delivered approximately 75% complete and set on full foundations. Healthy Rental Homes has engaged a general contractor who will complete all site preparations, construct the foundations, and manage the balance of work post-delivery. Once delivered, the units will require mechanical connections for electric, plumbing, and HVAC. Porches will be constructed on site and there will be some minor interior finishes to finalize. Lastly, the general contractor will pour concrete parking pads and walk ways, and each site will be fully landscaped with sod, bushes, and a shade tree. Upon completion, these projects will blend with the existing fabric of the community, and there will be no visible evidence to suggest that they are modular in nature. The th...
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