City of Columbus - File #: 0773-2009

• File #: 0773-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 5/21/2009
• In control: Health, Housing & Human Services Committee
• On agenda: 6/8/2009
• Final action: 6/10/2009
• Title: To authorize an appropriation of $4,514,910 from the 2009 HOME Fund to the Department of Development; to authorize the expenditure of $4,128,923.50 from the HOME Fund to provide funding for various approved 2009 programs; and to declare an emergency. ($4,514,910)

Date	Ver.	Action By	Action	Result
6/10/2009	1	CITY CLERK	Attest
6/9/2009	1	MAYOR	Signed
6/8/2009	1	Columbus City Council	Approved	Pass
6/8/2009	1	COUNCIL PRESIDENT	Signed
5/28/2009	1	Dev Drafter	Sent for Approval
5/28/2009	1	Auditor Reviewer	Reviewed and Approved
5/28/2009	1	CITY AUDITOR	Reviewed and Approved
5/28/2009	1	Dev Drafter	Sent for Approval
5/28/2009	1	CITY ATTORNEY	Reviewed and Approved
5/28/2009	1	Dev Drafter	Sent to Clerk's Office for Council
5/27/2009	1	Dev Drafter	Sent for Approval
5/27/2009	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
5/27/2009	1	Dev Drafter	Sent for Approval
5/27/2009	1	Finance Reviewer	Reviewed and Approved
5/27/2009	1	Finance Reviewer	Reviewed and Approved
5/27/2009	1	Finance Reviewer	Reviewed and Approved
5/27/2009	1	FINANCE DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This ordinance authorizes the appropriation and expenditure of FY 2009 HOME monies within the HOME Investment Partnerships Program for the Department of Development. The funds will assist 1st time homebuyers, for-profit and non-profit organizations with grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low income families. This ordinance is in accordance with Ordinance No. 1604-2008 passed November 10, 2008, authorizing the adoption and filing of the Consolidated Plan and application to the U.S. Department of Housing and Urban Development (HUD).

The funds will be allocated as follows: $3,342,937 for the Affordable Housing Opportunity Fund, $785,986.50 for the HUD required 15% set aside for projects developed by Community Housing Development Organizations (CHDOs), $261,995.50 for CHDO operating set-aside, and $123,991 for HOME administration.

Emergency action is requested to proceed with projects that are ready to begin.

FISCAL IMPACT: The City of Columbus is awarded $5,239,910 by the United States Department of Housing and Urban Development (HUD) to fund various housing assistance activities under the HOME Investment Partnerships Act. This ordinance requests the appropriation of $4,514,910 and expenditure of $4,128,923.50 from the total FY 2009 HOME entitlement of $5,239,510. A separate ordinance will authorize the expenditure of the remaining HOME funds for CHDO operating grants ($261,995.50). Ordinance 0070-2009, passed January 26, 2009, authorized the appropriation and expenditure of 2009 HOME funds for Tenant-based Rental Assistance grants ($325,000) and HOME Administration ($400,000).


Title

To authorize an appropriation of $4,514,910 from the 2009 HOME Fund to the Department of Development; to authorize the expenditure of $4,128,923.50 from the HOME Fund to provide funding for various approved 2009 programs; a...