To authorize the appropriation and expenditure of up to $1,250,000.00 of HOME Investment Partnerships Program (HOME) entitlement grants ($756,459.62 from the 2022 grant and $9,057.62 from the entitlement portion of the 2023 grant and $484,482.76 of program income from the 2023 grant) from the U.S. Department of Housing and Urban Development and to authorize the Director of the Department of Development to execute a commitment letter and loan agreement that authorizes the city to act as a lender and have a promissory note, mortgage, and restrictive convent executed for this project with Elevate 340 LLC., for the Elevate 340 project. ($1,250,000.00).

Committee

Housing, Homelessness, & Building Committee

Requested by

Dev Drafter

Introduced

April 8, 2024

On agenda

May 6, 2024

Passed

May 9, 2024

Where it was heard

Columbus City Council May 6, 2024 Approved Pass Columbus City Council Apr 29, 2024 Read for the First Time

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