Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to amend contract number DL008269 with the Mid-Ohio Regional Planning Commission (MORPC) to provide additional support to the Homebuyer Education Program. The Homebuyer Education Program provides homebuyer counseling, marketing and outreach regarding homeownership opportunities for homebuyers in the City of Columbus. The contract amount will be increased by $5,000 and extended for six months from January 31, 2005 to July 31, 2005. The new contract amount will be $30,000.
Low-income families will be educated on establishing good credit and qualifying for a mortgage, will receive down-payment assistance from local agencies, including MORPC, and will receive mortgage loans from local lenders to buy a first home. MORPC offers six counseling sessions of six weeks each and individual credit and budget counseling. This program assists about 150 people.
FISCAL IMPACT: Funds for this expenditure are allocated from the 2004 Community Development Block Grant Fund.
Title
To authorize the Director of the Development Department to amend a contract with the Mid-Ohio Regional Planning Commission to provide additional funds to the Homebuyer Education Program and extend the time frame six months; and to authorize the expenditure of $5,000 from the 2004 Community Development Block Grant Fund. ($5,000)
Body
WHEREAS, the Department of Development, Housing Division, desires to amend contract number DL008269 with MORPC to fund the Homebuyer Education Program; and
WHEREAS, MORPC's Homebuyer Education Program will help low-income families be educated on establishing good credit and qualifying for a mortgage, receiving down-payment assistance from local agencies and receive mortgage loans from local lenders to buy a first home; and
WHEREAS, MORPC offers counseling sessions of six weeks each, individual credit and budget counseling and four housing fairs will also be held that will promote access to MORPC's programs; 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 amend the Homebuyer Education Program contract, number DL008269, with the Mid-Ohio Regional Planning Commission by increasing the contract amount by $5,000 and extending the contract for six months from January 31, 2005 to July 31, 2005.
Section 2. That this modification is awarded pursuant to Section 329.16 of the Columbus City Codes, 1959 as amended.
Section 3. That for the purpose stated in Section 1, the expenditure of $5,000.00 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.