To authorize the Director of the Department of Development to execute an assignment, assumption, and modification agreement (“Assignment and Assumption Agreement”), and all other necessary agreements or instruments, which assign and modify the HOME Loan Documents for the rental development at 6300 George’s Creek Drive, Canal Winchester, Ohio; to authorize the Director of Development to enter into and execute all other necessary agreements, documents, or instruments related to this assignment with the new ownership entity George’s Creek Homes Rehab, LLC; to authorize the interest rate reduction from 8.5% to 2.0%; to authorize the forgiveness of the accrued and unpaid interest in an amount up to $1,491,729.30. ($0.00)

What this record is

Held by

George’s Creek Homes Rehab, LLC

Amount

$1.49M

Runs until

June 1, 2046 20 years away date calculated from a contract term stated in the attached agreement, not quoted directly

Type

amendment

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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

June 1, 2026

On agenda

June 29, 2026

Passed

July 2, 2026

Where it was heard

Columbus City Council Jun 29, 2026 Approved Pass Columbus City Council Jun 22, 2026 Read for the First Time

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