City of Toledo | Ministry of Housing and Community Development …

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The city of Toledo intends to apply to the United States Department of Housing and Urban Development (HUD) for the use of Section 108 loan guarantee funds in an amount not exceeding 37,000,000, $ 00. The objective of the Section 108 Loan Fund is to assist in equitable investments in economic development, housing and community activities throughout the city of Toledo. The objectives of the Section 108 Loan Fund include the acquisition of land for redevelopment, the revitalization of the housing stock, the development of new public facilities and direct assistance to businesses, non-profit organizations and real estate development projects that produce a public benefit. Individual projects are proposed for evaluation by a loan and investment committee involving city and community representatives, headed by the Neighborhood Department.

The Toledo City Section 108 Loan Pool will be administered by the Neighborhood Department, including receipt of applications, underwriting, closing, management and monitoring of reports. A loan committee made up of representatives from the Department of Neighborhoods, the Department of Economic Development, the Lucas County Land Bank, the Lucas County Plan Commission, as well as philanthropic partners and financial institutions will review and recommend projects for approval by the city ​​council and the mayor of Toledo.

The Substantial Amendment to the Consolidated Five-Year Plan 2020, the Annual Action Plan 2021 and the HUD Application of Section 108 of the City of Toledo will be available for review from Friday, November 26, 2021, on the website of the following entities:

Neighborhood Department
A government center, 18th floor
Streets of downtown Toledo, Jackson and Erie
website: https://toledo.oh.gov/departments/neighbourhoods

Lucas Metropolitan Housing
435 Nebraska Avenue
Toledo, Ohio 43604
website: www.lucasmha.org

Mayor’s office
A government center, 22nd floor
Streets of downtown Toledo, Jackson and Erie
website: https://toledo.oh.gov/government/mayor

Toledo Lucas County Homeless Council
1220 Madison Avenue
Toledo, Ohio 43604
website: www.endinghomelessnesstoledo.org

Clerk of the Council
A government center, 21st floor
Streets of downtown Toledo, Jackson and Erie
website: https://toledo.oh.gov/government/city-council/

Toledo-Lucas County Public Library
325 Michigan Street
Toledo, Ohio 43604
website: www.toledolibrary.org

The Fair Housing Center
326 N. Erie Street
Toledo, Ohio 43604
website: www.toledofhc.org

Lucas Co.Developmental Disorders Council
1154 alley Larc
Toledo, Ohio 43614
website: www.lucasdd.info

A public hearing on the Substantial Amendment to the Consolidated Five-Year Plan 2020, the Annual Action Plan 2021 and the HUD Request of Section 108 of the City of Toledo is scheduled as follows:

Thursday December 16, 2021, 5:30 p.m., by Virtual Hearing

Please click on the link below to join the webinar:
Click here to join

Access code: 954025
Or Phone:
Dial:
United States 216 706 7052 American toll
United States 866 528 2256 United States Toll Free
Conference code: 800378

The city of Toledo will also receive written public comments from Friday, November 26, 2021 to Monday, December 27, 2021, at the following address:

The application to HUD for the use of the Section 108 loan pool will be submitted in January 2022. The specific projects selected for the funding of the Section 108 loan pool will be identified through an application process. on-going which will assess compliance with national objectives and the public interest criteria of Article 108; financial feasibility, including the ability to take on debt service; reasonableness of costs; experience and capacity as a developer or company; leveraging other sources of funding; and the will to continue.

The City will prioritize investments in projects using Section 108 funding that are located in targeted neighborhood revitalization areas, including Junction, Englewood, Old South End and East Toledo; and promote equity and equitable development. Equitable development projects will include projects that support investments in communities and neighborhoods of color or provide funding to developers, businesses or organizations led by BIPOC. The City can choose to support non-income producing projects and use part of the annual CDBG allocation as a source of reimbursement.

The city of Toledo supports the provisions of the Americans with Disabilities Act. If you would like to request reasonable accommodation, please contact the ADA Coordinator of the Office of Diversity and Inclusion at (419) 245-1198 or submit a request online at toledo.oh.gov/ada.


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