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Council approves affordable-housing preservation and new developments including purchase of Tivoli Apartments
Summary
Council authorized up to $2.25 million in affordable housing bond funds to acquire and preserve Tivoli Apartments as income-restricted housing, approved a $2.02 million subsidy for a new 84-unit income-restricted development using modular construction, and approved loan forgiveness to enable refinancing for a Homeport preservation project.
Columbus City Council approved multiple housing measures aimed at preserving and creating affordable units.
The council authorized an appropriation of up to $2,250,000 from the Affordable Housing Bond Fund for the acquisition and preservation of Tivoli Apartments in Harrison West. According to the record, the 88-unit property will be redeveloped with rents…
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