Explanation
BACKGROUND: This ordinance authorizes the appropriation of a portion of the FY 2010 HOME monies within the HOME Investment Partnerships Program to the Department of Development. Since the federal government has not yet finalized the 2010 funding levels for the HOME Program, an ordinance is needed to appropriate critical components of the program. Specifically, administrative dollars and funding for Tenant Based Rental Assistance (TBRA) activities are immediately needed. This ordinance is in accordance with Ordinance 1330-2009 passed November 9, 2009, authorizing the adoption and filing of the Consolidated Plan and application to the U.S. Department of Housing and Urban Development (HUD).
The funds will be allocated as follows: $325,000 for the Affordable Housing Opportunity Fund - Tenant Based Rental Assistance (TBRA) and $400,000 for HOME administration. It is anticipated that the City of Columbus will receive approximately $5,000,000 in HOME funding. The balance of the HOME dollars will be requested to be appropriated and expended once the actual allocation amount is received from HUD.
Emergency action is requested to allow for continuation of services without interruption.
FISCAL IMPACT: The City of Columbus is awarded approximately $5 million by the United States Department of Housing and Urban Development (HUD) to fund various housing assistance activities under the HOME Investment Partnerships Program. This ordinance requests the appropriation of $725,000. Separate ordinances are being submitted for the expenditure of the Tenant Based Rental Assistance ($325,000). In addition, once the allocation amount is received from HUD a request will be made to City Council to appropriate and expend the balance of the HOME dollars.
Title
To authorize an appropriation of $725,000 from the HOME Fund to provide funding for various approved 2010 programs; and to declare an emergency. ($725,000)
Body
WHEREAS, it is necessary to appropriate funds from the unappropriated balance of the 2010 HOME Fund to the Department of Development; and
WHEREAS, HOME funds will be used for administrative dollars and funding for Tenant Based Rental Assistance (TBRA) activities that will assist in increasing and preserving the local supply of decent, safe, sanitary, and affordable housing for low income individuals and 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 and expend said funds to allow for continuation of vital program 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 No. 201, Grant 458001 and from all monies estimated to come into said fund from any and all sources during the 12 months ending December 31, 2010, there be and hereby is appropriated to Division 44-10 the following sums:
Affordable Housing Opportunity Fund:
Object Level One / Object Level Three / OCA Code / Amount
03 / 3337 / 440131 / $325,000
Home Administration:
Object Level One / Object Level Three / OCA Code / Amount
01 / 1101 / 440130 / $360,000
03 / 3303 / 440130 / $7,500
03 / 3320 / 440130 / $10,000
03 / 3330 / 440130 / $3,500
03 / 3331 / 440130 / $3,500
03 / 3332 / 440130 / $2,500
03 / 3333 / 440130 / $4,500
03 / 3372 / 440130 / $6,000
03 / 3407 / 440130 / $2,500
TOTAL FUND NO. 201 $725,000
Section 2. That the monies appropriated in the foregoing Section 1 shall be paid upon the order of the Director of the Department of Development 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 3. That the Director of the Department of Development is hereby authorized to use HOME funds for administrative dollars and funding for Tenant Based Rental Assistance (TBRA) activities that will assist in increasing and preserving the local supply of decent, safe, sanitary, and affordable housing for low income individuals and families
Section 4. That 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 approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.