This ordinance authorizes the Director of the Department of Development to execute agreements related to a loan involving Columbus Metropolitan Housing Authority and POAH Walnut Grove II LLC. It includes modifying loan terms to forgive a cash flow payment, extending the loan maturity date, and declares an emergency to expedite implementation.

To authorize the Director of the Department of Development to execute an Assignment, Assumption, and Subordination Agreement with Columbus Metropolitan Housing Authority (CMHA), and an Assignment, Assumption, and Subordination Agreement, a modified HOME Loan Agreement, a Promissory Note, and a Mortgage with POAH Walnut Grove II LLC; to authorize the modification of terms to forgive a cash flow payment of $44,646.00 for restricted property reinvestment; to extend the loan maturity date; and to declare an emergency. ($0.00)