Explanation
BACKGROUND: The City is a participating jurisdiction receiving federal funds under the HOME Investment Partnerships program (HOME) of the U. S. Department of Housing and Urban Development (HUD). The regulations of the program provide that funds may be used to administer a tenant-based rental assistance program.
This legislation authorizes the Director of Development to enter into a contract with the YMCA for the purpose of implementing and monitoring a tenant-based rental assistance program on behalf of the City. The contract will provide $120,000.00 of HOME Funds for this purpose. The Tenant Based Rental Assistance Program (TBRA) uses HOME funds to provide rental subsidies and security deposits for chronically homeless persons participating in the Rebuilding Lives initiative. Rebuilding Lives enables the development and maintenance of permanent supportive housing for chronically homeless persons.
HOME Fund regulations for TBRA are very similar to HUD's Section 8 Program. The YMCA will lease housing units for the Rebuilding Lives program. The YMCA will maintain and operate the housing unit and related facilities to provide decent, safe and sanitary housing in accordance with the HUD Housing Quality Standards. The Columbus Metropolitan Housing Authority (CMHA) will inspect units. The City's Consolidated Action Plan for 2005 contains TBRA housing preference priorities for chronically homeless persons.
Emergency action is requested so that program services can continue uninterrupted.
FISCAL IMPACT: Funds for this expenditure are allocated from the Rebuilding Lives set-aside within the Affordable Housing Opportunity Fund allocation of the 2005 HOME Funds.
Title
To authorize the Director of Development to enter into a contract with the YMCA for the purpose of implementing and monitoring a tenant-based rental assistance program on behalf of the City; to authorize the expenditure of $120,000 from the HOME Fund; and to declare an emer...
Click here for full text