Explanation
BACKGROUND: This legislation authorizes the expenditure of $168,880.64 and to modify contract EL007413 with The Affordable Housing Trust for Columbus and Franklin County (AHT) for the Home Again Program. The modification will provide $168,880.64 from the Land Management Fund for the purpose of continuing the city's support of the Home Again Program. The AHT is a partner with the City of Columbus in the Franklinton and Model Zone Areas with the acquisition, rehabilitation and new construction components of Home Again. The funds were created from the sale of Home Again Houses that were not transferred to the AHT prior to sale, but rather remained in the Land Bank when purchased by end buyers. Due to a mortgage provision of the end buyers' financing, the Land Bank was required to be the seller of the properties as opposed to the AHT. Standard operating procedure between the Land Bank and the AHT was for the AHT to typically be the seller and retain proceeds for further investment in the Home Again Program per the MOU between the City and the AHT.
There were two sales resulting in Net Sales Proceeds received by the Land Bank of $79,180.42 and $89,700.22 respectively. The total of both sales equals $168,880.64. Home Again funds were originally expended with the intent per MOU between the City and the AHT that the resulting Net Sale Proceeds would be recycled for ongoing Home Again eligible activities. Allocating these funds to the AHT will allow it to be reimbursed for costs incurred in the Home Again program in anticipation of these proceeds.
The Home Again Program addresses blight through the acquisition and rehabilitation of vacant houses to increase the supply of decent, safe, sanitary and affordable housing as well as to enhance neighborhood revitalization activities.
Emergency action is requested so that the AHT can continue to provide these services without interruption.
FISCAL IMPACT: $168,880.64 will be expended from the Land Management Fund.
Title
To authorize the Director of the Department of Development to modify a contract with The Affordable Housing Trust for Columbus and Franklin County (AHT) for the Home Again Program; to authorize the appropriation and expenditure of $168,880.64 from the Land Management Fund; and to declare an emergency. ($168,880.64)
Body
Whereas, the Department of Development desires to modify contract EL007413 with The Affordable Housing Trust for Columbus and Franklin County (AHT) for the Home Again Program; and
Whereas, the Home Again Program addresses blight through the acquisition and rehabilitation of vacant houses to increase the supply of decent, safe, sanitary and affordable housing as well as to enhance neighborhood revitalization activities; and
Whereas, funds are made available from the sale of Home Again Houses that were not transferred to the AHT prior to sale, but rather remained in the Land Bank when purchased by end buyers; and
Whereas, AHT will receive an additional $168,880.64; and
Whereas, emergency action is requested to avoid interruptions in program services; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to appropriate and expend said funds to modify a contract with The Affordable Housing Trust for Columbus and Franklin County, thereby preserving the public health, peace, property, safety and welfare; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Development Director is hereby authorized to modify the Home Again Program contract EL007413 with The Affordable Housing Trust for Columbus and Franklin County by increasing the contract amount by $168,880.64
Section 2. That from the unallocated monies in the Land Management Fund, Fund No. 206, and from any and all sources unallocated for any other purpose during the fiscal year ending December 31, 2009, the sum of $168,880.64 is hereby appropriated to the Department of Development, Division No. 44-01, OCA Code 441206, Object Llevel One 06, Object Level Three 6601.
Section 3. That for the purposes stated in Sections 1 above, the expenditure of $168,880.64 or so much thereof as may be necessary and be and is hereby authorized to be expended from the Land Management Fund, Department of Development, Department No. 44-01, Fund 206, Object Level One 06, Object Level Three 6601, OCA Code 441206.
Section 4. That in the reasons stated in the preamble hereto, which is hereby made a part thereof, this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.