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 up to five percent of the annual allocation may be granted to Community Housing Development Organizations (CHDOs) to pay operating costs of the agency. CHDOs are nonprofit organizations that work in neighborhoods to develop affordable housing through rehabilitation of existing housing stock or new in-fill construction.
This legislation authorizes the expenditure of $245,863 of HOME Funds. The legislation also authorizes the Director of Development to enter into a contract with the Community Development Collaborative of Greater Columbus (Collaborative) to serve in the role as a funding intermediary, facilitator of training, and builder of organizational capacity. These funds leverage additional public and private funds for operating support. The City and the Collaborative have collectively developed a process for competitive distribution of the funds.
The Collaborative will administer contracts for the following CHDOs:
Franklinton Development Association $37,954
Homes On The Hill, CDC $45,000
East Columbus Development Company
(Neighborhood House CHDO) $37,954
Northside CDC $30,000
MiraCit Development Corporation $45,000
Youthbuild Columbus $12,000
Community Development for All People $37,955
Total $245,863
Contract figures represent only the HOME funded portion of the CHDOs total contract.
Emergency action is requested to allow the Collaborative to enter into contracts with the CHDOs for FY2006.
FISCAL IMPACT: The 2006 HOME Program budget allocated a total of $245,863 for CHDO operating support.
Title
To authorize the Director of the Department of Development to enter into a contract with the Community Development Collaborative of Gre...
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