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Council approves $1.2 million grant to Hilltop Rise for West Broad mixed-use acquisition
Summary
Columbus City Council approved a $1,200,230 grant to Hilltop Rise Economic Community Development Corp. to acquire two adjacent mixed-use buildings on West Broad Street and preserve affordable housing and commercial space along the future bus rapid transit corridor.
Columbus City Council on Monday approved a $1,200,230 grant to Hilltop Rise Economic Community Development Corp. to acquire two adjacent mixed-use properties at the intersection of West Broad Street and West Gate Avenue.
The funding will support property acquisition and related costs for sites the developer said contain roughly nine to 10 residential units and six to seven commercial units. Danny Patterson, executive director of Hilltop Rise, told the council the nonprofit plans to use equity from…
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