This ordinance authorizes the appropriation and expenditure of up to $1,500,000.00 of HOME Investment Partnerships Program (HOME-ARP) funds from the U.S. Department of Housing and Urban Development; authorizes the Director of the Department of Development to enter into a commitment letter, loan agreement, promissory note, mortgage, and restrictive covenant with Scioto Rise Place, LLC in an amount up to $1,500,000.00 for the Scioto Rise Place project. ($1,500,000.00).

What this record is

Held by

Scioto Rise Place, LLC

Amount

$1.50M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

Housing, Homelessness, & Building Committee

Requested by

Dev Drafter

Introduced

March 7, 2025

On agenda

April 7, 2025

Passed

April 11, 2025

Where it was heard

Columbus City Council Apr 7, 2025 Approved Pass Columbus City Council Mar 31, 2025 Postponed to Date Certain Pass Columbus City Council Mar 24, 2025 Read for the First Time

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