Explanation
BACKGROUND: The Ohio Housing Finance Agency (OHFA) operates the Non-Housing Credit Housing Development Assistance Program (HDAP). This program is designed to increase the supply of quality affordable rental housing. This assistance provides the private housing development community the incentives to develop affordable housing by offsetting building acquisition, new construction or substantial rehabilitation costs.
HDAP is a competitive review process based on the applicant meeting selected criteria. Some of the criteria are public benefit, location and organizational capacity. A resolution of support from Columbus City Council would provide the applicant with necessary community support to ensure the project's viability to the Ohio Housing Finance Agency.
Emergency action is requested for this resolution in order to comply with the time line for the OHFA applications.
FISCAL IMPACT: No funding is required for this legislation.
Title
To support the application of New Beginnings Christian Community Revitalization Corporation (Legacy Village I) for Housing Development Assistance Program; and to declare an emergency.
Body
WHEREAS, The Ohio Housing Finance Agency (OHFA) is requesting applications for the Non-Housing Credit Housing Development Assistance (HDAP) from developers to create affordable housing in areas of high need and for special populations having the highest need; and
WHEREAS, the competitive process plan offers competitive points for local government support in the form of a City Council resolution; and
WHEREAS, New Beginnings Christian Community Revitalization Corporation (Legacy Village I) is proposing the new construction of rental housing units on the far east side in the City of Columbus; and
WHEREAS, the project will contain a total of thirty-two (32) units; and
WHEREAS, seven (7) of the project's units will be affordable to extremely low income persons at thirty percent (30%) or less of Area Median Gross Income (AMGI); and
WHEREAS, eight (8) of the project's units will be affordable to low income persons at fifty percent (50%) or less of Area Median Gross Income (AMGI); and
WHEREAS, seventeen (17) of the project's units will be affordable to low income persons at sixty percent (60%) or less of Area Median Gross Income (AMGI); and
WHEREAS, eight (8) of the project's units will be three bedroom, twenty-four (24) of the project's units will be two bedroom; and
WHEREAS, the project conforms with the goals of the Consolidated Plan in that it increases the supply of affordable rental housing; and
WHEREAS, New Beginnings Christian Community Revitalization Corporation (Legacy Village I) has presented the proposal to the appropriate area commissions and/or civic associations for review; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to adopt the resolution below, all for the immediate preservation of the public health, property, safety and welfare; NOW, THEREFORE,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City of Columbus supports the application by New Beginnings Christian Community Revitalization Corporation (Legacy Village I) for Non-Housing Credit Housing Development Assistance Program for the construction of low-income rental housing.
Section 2. That for reasons stated in the preamble hereto, which is hereby made a part hereof, this resolution is declared to be an emergency measure and shall take effect and be in force from and after its adoption and approval by the Mayor, or ten days after adoption if the Mayor neither approves nor vetoes the same.