Explanation
BACKGROUND: This ordinance authorizes the appropriation of FY 2016 HOME monies within the HOME Investment Partnerships Program for the Department of Development. These funds will allow the Housing Division to provide staffing for Housing Finance programs including CHDO set-aside, Affordable Housing Opportunities, Down-payment Assistance grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low and moderate income families. This ordinance is in accordance with the 2015-2019 Consolidated Plan and application to the U.S. Department of Housing and Urban Development (HUD).
Emergency action is requested to allow for continuation of services without interruption.
FISCAL IMPACT: The City of Columbus has been awarded $3,190,542 by the United States Department of Housing and Urban Development (HUD) in Fiscal Year 2016 (per the HUD website) to fund various housing assistance activities under the HOME Investment Partnerships Act. This ordinance requests the appropriation of $319,054.00 from the FY 2016 HOME entitlement. A separate ordinance will authorize the appropriation and expenditure of the remaining HOME funds for CHDO set-aside, CHDO operating, Tenant-based Rental Assistance and HOME Affordable Housing Opportunity grants.
Title
To authorize the appropriation of $319,054.00 from the 2016 HOME Fund to the Department of Development to provide funding for program staff; and to declare an emergency. ($319,054.00)
Body
WHEREAS, it is necessary to appropriate funds from the unappropriated balance of the 2016 HOME Fund to the Department of Development; and
WHEREAS, this legislation authorized the appropriation of $319,054.00 from the FY2016 HOME program; and
WHEREAS, these funds will allow the Housing Division to provide staffing for Housing Finance programs including CHDO set-aside, Affordable Housing Opportunities, Down-payment Assistance grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low and moderate income families; 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 said funds to allow for continuation of services without interruption, 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 from the unappropriated monies in the fund known as the HOME Fund, Fund 2201, Grant G451600 in Object Class 01 and from all monies estimated to come into said fund from any and all sources during the 12 months ending December 31, 2016, the sum of $319,054.00 is hereby appropriated to the Department of Development, Division 44-10, per the accounting codes in the attachment to this ordinance.
SECTION 2. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 3. That the monies appropriated in the foregoing Section 1 shall be paid upon the order of the Development Director and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
SECTION 4. For the reasons stated in the Preamble hereto, which is hereby made a part hereof, this Ordinance is hereby 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 the passage if the Mayor neither approves nor vetoes the same.