City of Columbus - File #: 0245-2011

• File #: 0245-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 2/4/2011
• In control: Health, Housing & Human Services Committee
• On agenda: 3/7/2011
• Final action: 3/8/2011
• Title: To authorize the Director of the Department of Development to make loans and grants for operation of the Affordable Housing Opportunity Program; and to authorize the expenditure of $575,412.00 from the Community Development Block Grant Fund.($575,412.00)

Date	Ver.	Action By	Action	Result
3/8/2011	1	MAYOR	Signed
3/8/2011	1	CITY CLERK	Attest
3/7/2011	1	Columbus City Council	Approved	Pass
3/7/2011	1	COUNCIL PRESIDENT	Signed
2/28/2011	1	Columbus City Council	Read for the First Time
2/14/2011	1	Dev Drafter	Sent to Clerk's Office for Council
2/10/2011	1	FINANCE DIRECTOR	Reviewed and Approved
2/10/2011	1	Dev Drafter	Sent for Approval
2/10/2011	1	Auditor Reviewer	Reviewed and Approved
2/10/2011	1	CITY AUDITOR	Reviewed and Approved
2/10/2011	1	Dev Drafter	Sent for Approval
2/10/2011	1	CITY ATTORNEY	Reviewed and Approved
2/9/2011	1	Finance Reviewer	Reviewed and Approved
2/8/2011	1	Finance Reviewer	Reviewed and Approved
2/8/2011	1	Finance Reviewer	Reviewed and Approved
2/7/2011	1	Dev Drafter	Sent for Approval
2/7/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
2/7/2011	1	Dev Drafter	Sent for Approval
2/4/2011	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:
This legislation authorizes the expenditure of $575,412.00 for the provision of loans and grants for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families.

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 housing rehabilitation assistance, lead paint hazard control, home maintenance repairs for elderly and disabled households, and accessibility modifications.

FISCAL IMPACT:
Funding is from the Community Development Block Grant Fund.


Title

To authorize the Director of the Department of Development to make loans and grants for operation of the Affordable Housing Opportunity Program; and to authorize the expenditure of $575,412.00 from the Community Development Block Grant Fund.($575,412.00)


Body

WHEREAS, the Department of Development, Housing Division desires to administer an Affordable Housing Opportunity Program; and

WHEREAS, this legislation authorizes the expenditure of $575,412.00 for the provision of loans and grants for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families; and

WHEREAS, 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; and

WHEREAS, funds will be used to meet the housing needs identified in the Consolidated Plan; and

WHEREAS, programs will provide housing rehabilitation assistance, lead paint hazard control, home maintenance repairs for elderly and disabled households, and accessibility modifications; and

WHEREAS, these monies will be used to provide loans and...