Explanation
BACKGROUND: This ordinance authorizes the appropriation and expenditure of up to $1,050,000.00 of grant funding from the U.S. Department of Housing and Urban Development (HUD), throughh the HOME Investment Partnerships Program American Rescue Plan (HOME-ARP) and authorizes the Director of Development to execute a commitment letter, loan agreement, promissory note, mortgage, and restrictive covenant with Touchstone Field Place II, LLC for the Touchstone Field Place II project. In 2021 the City of Columbus authorized via Ordinance 0828-2021 funding in the amount of $500,000.00 of HOME funds for Touchstone Field Place I, which was part of phase one of the project. This initial phase of the project has been completed and is 100% occupied.
Total City funding for phase two of the project is $1,552,585.00. Of this amount $1,050,000.00 is found within this ordinance and establishes HOME -ARP funding for the Touchstone Field Place II. A subsequent ordinance will be put forth to City Council in an amount up to $502,585.00 for the remaining HOME-ARP funding of this project to provide supportive services for residents at this location over the course of four years.
Touchstone Field Place II will provide forty-four (44), one-bedroom units of permanent supportive housing prioritized for individuals who meet the State of Ohio’s Permanent Supportive Housing Policy Framework. Of the forty-four (44) units, the City’s contribution to phase two of this project will fund six (6) units. Specifically, all forty-four units will prioritize individuals who meet the HUD definition of chronic homelessness. The property will be located at 2565 Lockbourne Road, on the south side of Columbus. The proposed three-story elevator-served building will be U shaped when the two additional buildings will be constructed then joined. The site will include off-street parking spaces and a large recreational area in the rear with outdoor seating areas. A secured main entrance from the parking...
Click here for full text