This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with Erie Ohio Capital CDFI Fund LLC for the development of Granville Woods Lofts II, an affordable housing project. The project will consist of 118 mixed-use affordable housing units, including 60 units in the Granville Woods Lofts II phase. The development is designed to provide affordable housing options for households with incomes ranging from 30% to 80% of the area median gross income. The site is strategically located near public transit and community resources, making it an ideal location for affordable housing.
The Granville Woods Lofts II project addresses the urgent need for affordable housing in Columbus, particularly in the Driving Park neighborhood. By providing affordable housing, this project will help to alleviate the housing crisis and support low-income families in the area.