Department of Housing and Community Development submits Substantial Amendment to the 2020 Five-Year Consolidated Plan and 2021 Annual Action Plan

The City of Toledo intends to make application to the U.S. Department of Housing and Urban Development (HUD) for the use of Section 108 Loan Guaranty Funds in an amount not to exceed $37,000,000.00. The purpose of the Section 108 Loan Fund is to assist with equitable investments in economic, housing, and community development activities throughout the City of Toledo. Goals of the Section 108 Loan Fund include acquiring land for redevelopment, revitalizing housing stock, development of new public facilities and directly assisting businesses, nonprofits, and real estate development projects that produce a public benefit. Individual projects are proposed to be evaluated by a loan and investment committee involving City and community representatives, led by the Department of Neighborhoods.

The City of Toledo Section 108 loan pool will be administered by the Department of Neighborhoods including application intake, underwriting, closing, servicing and reporting oversight. A loan committee consisting of representation from the Department of Neighborhoods, Department of Economic Development, Lucas County Land Bank, Lucas County Plan Commission, as well as philanthropic and financial institution partners will review and recommend projects for approval by the Toledo City Council and Mayor.

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

Department of Neighborhoods
One Government Center, 18th Floor
Downtown Toledo, Jackson & Erie Streets
website: https://toledo.oh.gov/departments/neighborhoods

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

Office of the Mayor
One Government Center, 22nd Floor
Downtown Toledo, Jackson & Erie Streets
website: https://toledo.oh.gov/government/mayor

Toledo Lucas County Homelessness Board
1220 Madison Avenue
Toledo, Ohio 43604
website: www.endinghomelessnesstoledo.org

Clerk of Council
One Government Center, 21st Floor
Downtown Toledo, Jackson & Erie Streets
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. Board of Developmental Disabilities
1154 Larc Lane
Toledo, Ohio 43614
website: www.lucasdd.info

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

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

The City of Toledo will also receive comments from the pubic in writing beginning Friday, November 26, 2021, through Monday, December 27, 2021, at the following address:

Application to HUD for use of the Section 108 Loan Pool will be submitted in January, 2022. Specific projects selected for the Section 108 Loan Pool funding will be identified through a rolling application process that will evaluate compliance with Section 108 National Objectives and Public Benefit Criteria; financial feasibility including the ability to support debt service; cost reasonableness; developer or business experience and capacity; leveraging of other funding sources; and readiness to proceed.

The City will prioritize investments in projects using Section 108 Financing 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 financing to BIPOC-led developers, businesses, or organizations. The City may elect to support non-income producing projects and use a portion of annual CDBG allocation as a source of repayment.

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