Explanation
BACKGROUND
This legislation authorizes the Director of the Department of Development to modify a grant agreement with National Church Residences, in an amount up to $1,900,000.00, for the Clover Glen project.
Original grant amount $1,000,000.00 Ord. 1839-2022 PO353882
Mod 1 grant amount $1,900,000.00
Total grant amount $2,900,000.00
Ordinance 1839-2022, passed by City Council on July 20, 2022, authorized the Director of the Department of Development to enter into a Housing Development Agreement (HDA) for the Project. The HDA stated that the city would provide up to $2,900,000.00 over two years through two payments of $1,000,000.00 and $1,900,000.00. The first installment was authorized under Ordinance 1839-2022. This grant agreement modification is the second and final payment for the Project.
National Church Residences proposes Clover Glen, formally, West Broad Senior, a 92-unit, affordable housing community for seniors aged 55+ located at 5719 W Broad Street in Columbus, Franklin County. Clover Glen serves the unique and growing aging, low income population in Ohio. This senior housing community will offer 92 one-bedroom units with approximately 20 units affordable to residents at or below 30% AMI, 72 units affordable to residents at 60% AMI.
Residents at Clover Glen will benefit from an amenity-rich location with easy access to health care services, grocery stores, and senior services. Of particular note, the property is within walking distance of the Prairie Township Community Center which offers a pool, fitness center, walking path, and seasonal farmer's market, in addition to hosting programming specifically for seniors including adult education opportunities. Residents will also have walking access to dental care, eye care, grocery shopping, park with walking trail, place of worship, pharmacy, dining, salon, bank, and bus service.
The National Church Residences Home for Life service model was developed as an enhanced delivery approach...
Click here for full text