This ordinance authorizes the appropriation and expenditure in an amount up to $2,000,000.00 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 Commons at Grant (TC2) Housing Limited Partnership in an amount up to $2,000,000.00 for the Commons at Grant project. ($2,000,000.00).

What this record is

Held by

Housing Limited

Amount

$2.00M

Runs until

April 2, 2045 18 years away date calculated from a contract term stated in the attached agreement, not quoted directly

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

April 2, 2025

On agenda

April 28, 2025

Passed

May 1, 2025

Where it was heard

Columbus City Council Apr 28, 2025 Approved Pass Columbus City Council Apr 21, 2025 Read for the First Time

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