Explanation
BACKGROUND: This legislation authorizes the Director of Development to enter into two subrecipient grant agreements with the Community Development Collaborative of Greater Columbus (Collaborative) to administer the City’s CHDO program in an amount up to $215,000.00 using 2022 HOME funds with the agreements term starting January 1, 2022.
The City is a participating jurisdiction receiving federal funds under the HOME Investment Partnerships Program (HOME) of the U.S. Department of Housing and Urban Development (HUD). The regulations of the program provide that up to five percent of the annual allocation may be granted to Community Housing Development Organizations (CHDOs) to pay operating costs of the agencies. CHDOs are nonprofit organizations that work in neighborhoods to develop affordable housing through rehabilitation of existing housing stock and new in-fill construction.
The department partners with the Collaborative to manage the CHDO program and does so under two subrecipient agreements. Under one subrecipient agreement ($45,000.00), the Collaborative will serve in the role as a funding intermediary, facilitator of training, and builder of organizational capacity. These funds leverage additional public and private funds for operating support of CHDOs. The City and the Collaborative have collectively developed a process for distribution of the funds to eligible CHDOs. Under the other subrecipient agreement ($170,000.00), the Collaborative will distribute the funds to eligible CHDOs.
Historically, the City’s CHDO operating budget has been greater than $170,000.00 annually (the amount fluctuates each year) and the department had sought authority to appropriate and expend the funds after the HOME grant has been executed. Starting with the 2019 HOME grant, the department has sought approval to appropriate and expend a portion of the grant before the grant agreement is executed and then execute a planned subrecipient agreement modification fo...
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