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City approves $145 million for affordable housing renovation

July 15, 2024 | Akron, Summit County, Ohio



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

City approves $145 million for affordable housing renovation
During a recent government meeting, the Akron City Council discussed several key initiatives aimed at enhancing community development and infrastructure improvements.

One of the primary items on the agenda was an ordinance authorizing the mayor to enter into a contract with the North Hill Community Development Corporation for the renovation of 771 North Main Street. This project, funded by approximately $145 million in American Rescue Funds allocated in 2021, aims to create nine affordable housing rental units alongside mixed-use office and community spaces. The planning department emphasized the importance of this initiative in revitalizing the North Hill area and addressing housing needs.

Council members raised questions regarding the competitive process that led to this contract, clarifying that it was part of a broader strategy involving two Requests for Proposals (RFPs) issued in 2021. The discussions highlighted challenges related to rising construction costs and the need for additional funding sources to ensure the project's feasibility.

In addition to housing development, the council also addressed infrastructure improvements, authorizing the mayor to apply for funding through the Ohio Public Works Commission's local transportation improvement program. This initiative includes five applications totaling $11.1 million for various projects, including street improvements and sewer reconstruction, with funding announcements expected by March 2025.

Another significant topic was the application for a $7.75 million grant from the U.S. Department of Housing and Urban Development for lead hazard reduction. This program aims to address lead paint issues in homes built before 1978, with an estimated 250 to 300 homes targeted for remediation each year. The council expressed support for the initiative, recognizing the ongoing need for lead hazard control in the city.

Overall, the meeting underscored the city's commitment to leveraging federal funds for community development and public health initiatives, with a focus on affordable housing and infrastructure enhancements. The council's collaborative approach and proactive planning were evident as they navigated the complexities of funding and project execution.

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