City of Columbus - File #: 2083-2006

• File #: 2083-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 11/10/2006
• In control: Health, Housing & Human Services Committee
• On agenda: 12/11/2006
• Final action: 12/13/2006
• Title: To authorize the expenditure of $1,250,000 from the 2006 Capital Improvements Budget for the purpose of providing assistance to low income homeowners for the operation of the Housing Preservation Fund from city bond proceeds; and to declare an emergency. ($1,250,000) (AMENDED BY ORD. 0916-2007 PASSED 7/23/2007)

Date	Ver.	Action By	Action	Result
12/13/2006	1	MAYOR	Signed
12/13/2006	1	CITY CLERK	Attest
12/11/2006	1	Columbus City Council	Approved	Pass
12/11/2006	1	COUNCIL PRESIDENT	Signed
11/30/2006	1	Auditor Reviewer	Reviewed and Approved
11/30/2006	1	CITY AUDITOR	Reviewed and Approved
11/30/2006	1	Dev Drafter	Sent for Approval
11/30/2006	1	CITY ATTORNEY	Reviewed and Approved
11/30/2006	1	Dev Drafter	Sent to Clerk's Office for Council
11/27/2006	1	Finance Reviewer	Reviewed and Approved
11/27/2006	1	Finance Reviewer	Reviewed and Approved
11/27/2006	1	FINANCE DIRECTOR	Reviewed and Approved
11/27/2006	1	Dev Drafter	Sent for Approval
11/16/2006	1	Dev Drafter	Sent for Approval
11/16/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
11/16/2006	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:
This legislation authorizes the expenditure of $1,250,000 for the purpose of providing assistance for projects that preserve the local supply of decent, safe, sanitary and affordable housing for low-income families.

The Housing Preservation Fund represents the City's commitment to the preservation 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 to correct substandard and deteriorating conditions of homes owned by low and moderate income households. The program will provide eligible homeowners with assistance for home repairs critical to preserving the housing stock and enabling homeowners to remain in their homes.

Emergency action is necessary to allow for payment of projects currently underway at this time.

FISCAL IMPACT:
Funding is from the Housing Preservation Fund - 2006 Capital Improvements Budget.



Title

To authorize the expenditure of $1,250,000 from the 2006 Capital Improvements Budget for the purpose of providing assistance to low income homeowners for the operation of the Housing Preservation Fund from city bond proceeds; and to declare an emergency. ($1,250,000) (AMENDED BY ORD. 0916-2007 PASSED 7/23/2007)



Body

WHEREAS, the Department of Development, Housing Division desires to administer a Housing Preservation Fund from city bond proceeds; and

WHEREAS, these monies will be used to provide assistance to preserve the supply of decent, safe, sanitary and affordable housing; and

WHEREAS, emergency action is necessary to allow for prompt payment of projects currently underway; 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...