City of Columbus - File #: 0971-2011

• File #: 0971-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/14/2011
• In control: Health, Housing & Human Services Committee
• On agenda: 6/27/2011
• Final action: 6/28/2011
• Title: To authorize the appropriation of $3,880,110 from the 2011 HOME Fund to the Department of Development; to authorize the expenditure of $3,589,343.50 from the 2011 HOME Fund to provide funding for various approved 2011 programs; and to declare an emergency. ($3,880,110.00)

Date	Ver.	Action By	Action	Result
6/28/2011	1	MAYOR	Signed
6/28/2011	1	CITY CLERK	Attest
6/27/2011	1	Columbus City Council	Approved	Pass
6/27/2011	1	COUNCIL PRESIDENT	Signed
6/17/2011	1	Dev Drafter	Sent for Approval
6/17/2011	1	Auditor Reviewer	Reviewed and Approved
6/17/2011	1	CITY AUDITOR	Reviewed and Approved
6/17/2011	1	Dev Drafter	Sent for Approval
6/17/2011	1	CITY ATTORNEY	Reviewed and Approved
6/17/2011	1	Dev Drafter	Sent to Clerk's Office for Council
6/16/2011	1	Finance Reviewer	Reviewed and Approved
6/16/2011	1	Finance Reviewer	Reviewed and Approved
6/16/2011	1	FINANCE DIRECTOR	Reviewed and Approved
6/15/2011	1	Dev Drafter	Sent for Approval
6/14/2011	1	Dev Drafter	Sent for Approval
6/14/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This ordinance authorizes the appropriation and expenditure of FY 2011 HOME monies within the HOME Investment Partnerships Program for the Department of Development. The funds will assist first time homebuyers, for-profit and non-profit organizations with grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low and moderate income families. This ordinance is in accordance with the 2010-2014 Consolidated Plan and application to the U.S. Department of Housing and Urban Development (HUD). The funds will be allocated as follows: $2,898,577for the Affordable Housing Opportunity Fund, $690,766.50 for the HUD required 15% set aside for projects developed by Community Housing Development Organizations (CHDO), $230,255.50 for CHDO operating set-aside, and $60,511 for HOME administration.

Emergency action is requested to allow for continuation of services without interruption.

FISCAL IMPACT: The City of Columbus is awarded $4,605,110 by the United States Department of Housing and Urban Development (HUD) in Fiscal Year 2011 to fund various housing assistance activities under the HOME Investment Partnerships Act. This ordinance requests the appropriation of $3,880,110 and expenditure of $3,589,343.50 from the FY 2011 HOME entitlement. A separate ordinance will authorize the expenditure of the remaining HOME funds for CHDO operating grants ($230,255.50). Ordinance 0219-2011 passed February 14, 2011, authorized the appropriation and expenditure of 2011 HOME funds for Tenant-based Rental Assistance grants ($325,000) and HOME Administration ($400,000.00).


Title

To authorize the appropriation of $3,880,110 from the 2011 HOME Fund to the Department of Development; to authorize the expenditure of $3,589,343.50 from the 2011 HOME Fund to provide funding for various approved 2011 programs; and to declare an emergency. ($3,880,110.00)


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