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 Southeast, Inc for the purpose of implementing and monitoring the program on behalf of the City. The contract will provide $161,000 of HOME Funds. The Tenant Based Rental Assistance Program (TBRA) will use 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 Southeast, Inc will lease housing units for the Rebuilding Lives program. Southeast, Inc 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 2010 contains TBRA housing preference priorities for chronically homeless persons.
Emergency action is requested in order to ensure rental subsidies are in place for 2010.
FISCAL IMPACT: Funds for this expenditure are allocated from the Rebuilding Lives set-aside within the Affordable Housing Opportunity Fund allocation of the 2010 HOME Funds.
Title
To authorize the Director of the Department of Development to enter into a contract with the Southeast, Inc to provide tenant-based rental assistance; to authorize the expenditure of $161,000 from the HOME Fund; and to declare an emergency. ($161,000)
Body
WHEREAS, the City of C...
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