This ordinance authorizes the transfer of two parcels (660 N Drexel Ave. and 2165 Avalon Pl.) from the Land Bank to Shephard Homes LLC for the construction of single-family homes. These homes will be maintained as affordable rentals under the new Moderately Priced Housing Initiative. The transfer is part of the Land Reutilization Program and aims to foster the return of nonproductive land to tax-generating status or public use. The City Council approved this legislation, which is expected to enhance housing opportunities in Columbus.
This decision supports the city's initiative to provide affordable housing, ensures effective utilization of nonproductive land, and fosters community development by addressing housing needs in the area.