Explanation
BACKGROUND:
This legislation authorizes the expenditure of $608,023 for the provision of loans and grants for projects through the Department of Development's Affordable Housing Opportunity Fund. The Affordable Housing Opportunity Fund preserves and increases the local supply of decent, safe, sanitary and affordable housing for low-income families including roof repair assistance and accessibility modifications. The City of Columbus was awarded CDBG Recovery (CDBG-R) funds by the U.S. Department of Housing and Urban Development through the American Recovery and Reinvestment Act of 2009. Funds for this purpose are appropriated under separate legislation.
The Affordable Housing Opportunity Fund represents the City's commitment to the preservation and production of housing units affordable to very-low, low and moderate-income individuals. Funds will be used to meet the housing needs identified in the Consolidated Plan. Programs will provide roof repair assistance and accessibility modifications.
Emergency action is necessary to proceed with projects currently ready to begin.
FISCAL IMPACT:
Funding is from the General Government Grant Fund.
Title
To authorize the expenditure of $608,023 from the General Government Grant Fund for the purpose of making loans and grants for operation of the Affordable Housing Opportunity Fund; and to declare an emergency. ($608,023)
Body
WHEREAS, the Department of Development, Housing Division desires to administer an Affordable Housing Opportunity Program; and
WHEREAS, the City of Columbus was awarded CDBG Recovery (CDBG-R) funds by the U.S. Department of Housing and Urban Development through the American Recovery and Reinvestment Act of 2009; and
WHEREAS, these monies will be used to provide loans and grants to preserve and increase the supply of decent, safe, sanitary and affordable housing; and
WHEREAS, emergency action is necessary to proceed with projects currently ready to begin; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to authorize the expenditure of said funds, 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 Director of the Department of Development is hereby authorized to make loans and grants for the various affordable housing programs administered by the Housing Division including roof repair assistance and accessibility modifications.
Section 2. That for the purpose as stated in Section 1, the expenditure of $608,023 or so much thereof as may be necessary, is hereby authorized from the Department of Development, Division 44-10, Fund 220, Grant 459100, Object Level One 05, OCA Code 459101 as follows:
0bject Level 3 Amount
5517 $100,000
5525 $508,023
TOTAL $608,023
Section 3. That expenditure of funds from this authorization will be in accordance with U.S. Department of Housing and Urban Development Regulations 24 CFR Part 570.200-206, CDBG Eligibility.
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.