Explanation
This ordinance authorizes the Director of the Department of Development modify a sub recipient agreement with Greenwood 360 LLC to add additional funds in an amount of up to $1,250,000.00 and to continue to act as the Application Manager for recipients as part of the department’s ERA2 Investment Strategy. This modification is needed as funds are being expended at an increasing rate and they are needed to continue to provide rental and utility assistance to residents in the area who qualify for assistance.
Original Agreement $1,750,000.00 Ord. 1577-2023 PO396840
Modification No. 1 $1,250,000.00
Total $3,000,000.00
Ordinance No. 1577-2023 which was approved on June 12, 2023 by council authorized the Director of the Department of Development to enter into a sub-recipient agreement with Greenwood 360 LLC in an amount up to $1,750,000.00 of U.S. Department of Treasury Emergency Rental Assistance 2 (ERA2) funds. The authorization allowed Greenwood 360 LLC to act as the Application Manager for recipients as part of the department’s ERA2 Investment Strategy with a start date of June 1, 2023 and waived the competitive bidding requirements in Columbus City Code Chapter 329.
Ordinance No. 2275-2023 authorized the City of Columbus to accept and appropriate up to $90,537,806.23 of Federal Emergency Rental Assistance (ERA2) program funds, as passed by the Consolidated Appropriations Act of 2021.
Greenwood 360 LLC will continue to manage a program to provide rental and utility assistance to residents in the local area who qualify for the assistance as provided in the laws and regulations and other current guidance provided by the U.S. Department of Treasury. Greenwood 360 LLC will work collaboratively to implement a plan to distribute ERA funds to eligible tenants with the Wells Foundation which will be pro...
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