Explanation
BACKGROUND: This legislation authorizes the appropriation and expenditure of up to $250,000.00 of 2023 HOME Investment Partnerships Program (HOME) grant funds from the U.S. Department of Housing and Urban Development (HUD) and authorizes the Director of the Department of Development execute a commitment letter and loan agreement with Poplar Fen Place LLC for the Poplar Fen Place project in an amount up to $1,500,000.00 ($1,250,000.00 from Ordinance 0951-2023 and $250,000.00 from this ordinance) and authorizes the city, through the Department of Development, to act as a lender and have a promissory note, mortgage, and restrictive covenant executed by Poplar Fen Place LLC for the project.
Ordinance 0951-2023, approved by City Council on April 03, 2023, authorized the Director of the Department of Development to support the Poplar Fen Place project in an amount up to $1,250,000.00. This legislation represents an additional amount up to $250,000.00, for a total amount up to $1,500,000.00. The commitment letter and loan agreement have not yet been executed, therefore funding from Ordinance 0951-2023 and this ordinance will fund the to-be-executed documents.
Poplar Fen Place will be placed on a 6.4-acre site on Chatterton Road in southeast Columbus. The proposed three-story, elevator-served building is “L” shaped with an entrance off Chatterton Road and green space in the rear. Poplar Fen Place will share a driveway with Marsh Brook Place, a 40-unit PSH development for Transition Aged Youth, but the buildings will not be connected. Poplar Fen Place will provide forty-four (44) one-bedroom units of permanent supportive housing prioritized for individuals over the age of 55 who meet the State of Ohio’s Permanent Supportive Housing Policy Framework. Of the forty-four units, thirty-five (35) will prioritize individuals who meet the HUD definition of homelessness and the remaining nine (9) units will be targeted for use by individuals who have a sever...
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