Explanation
BACKGROUND:
This legislation authorizes the Director of the Department of Development to enter into a contract with Columbus Housing Partnership to support the Homebuyer Education Program. The Homebuyer Education Program will provide comprehensive counseling and education for homebuyers within the City of Columbus. The contract amount will be $180,000.
Columbus Housing Partnership targets those whose annual income is between 60% and 80% of the area's medium income, a group that is a top priority in the 2000-2003 Consolidated Action Plan for the City of Columbus. Columbus Housing Partnership will offer homebuyer education, pre-purchase counseling, post-purchase counseling, mortgage and delinquency counseling, default counseling, home equity conversion counseling, outreach initiatives, an IDA program, down payment assistance programs and resident development programming to residents throughout the City of Columbus. This program will assist about 1,100 people.
FISCAL IMPACT:
Funding for this program is allocated from the 2004 Community Development Block Grant Fund.
Title
To authorize the Director of the Department of Development to enter into a contract with Columbus Housing Partnership to fund the Homebuyer Education Program; and to authorize the expenditure of $180,000 from the Community Development Block Grant Fund. ($180,000)
Body
WHEREAS, the Department of Development, Housing Division desires to enter into a contract with Columbus Housing Partnership to fund the Homebuyer Education Program; and
WHEREAS, these monies will be used to provide to provide comprehensive counseling and education for homebuyers in the City of Columbus; and
WHEREAS, Columbus Housing Partnership targets those whose annual income is between 60% and 80% of the area's medium income, a group that is a top priority in the 2000-2003 Consolidated Action Plan for the City of Columbus; and
WHEREAS, Columbus Housing Partnership will offer home buyer education, pre-purchase counseling, post-purchase counseling, mortgage and delinquency counseling, default counseling, home equity conversion counseling, outreach initiatives, an IDA program, down payment assistance programs and resident development programming to residents throughout the City of Columbus; and
WHEREAS, Columbus Housing Partnership is a non-profit organization; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development is hereby authorized to enter into a contract with Columbus Housing Partnership to fund the Homebuyer Education Program to provide comprehensive counseling and education for homebuyers in the City of Columbus.
Section 2. This contract is awarded pursuant to Section 329.15 of the Columbus City Code.
Section 3. That for the purpose stated in Section 1, the expenditure of $180,000.00 or so much thereof as may be necessary, be and is hereby authorized to be expended from the Department of Development, Housing Division, Department No. 44-10, Fund 248, Object Level One 03, Object Level Three 3336, OCA Code 444127.
Section 4. This ordinance shall take effect and be in force from the earliest period allowed by law.