City of Columbus - File #: 0828-2011

• File #: 0828-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 5/23/2011
• In control: Health, Housing & Human Services Committee
• On agenda: 6/13/2011
• Final action: 6/15/2011
• Title: To authorize the appropriation of $800,000.00 from the 2011 HOME Fund to the Department of Development; to authorize the expenditure of $720,000.00 from the 2011 HOME Fund to provide funding for various approved 2011 programs; and to declare an emergency. ($800,000.00)

Date	Ver.	Action By	Action	Result
6/15/2011	1	MAYOR	Signed
6/15/2011	1	CITY CLERK	Attest
6/13/2011	1	Columbus City Council	Approved	Pass
6/13/2011	1	COUNCIL PRESIDENT	Signed
5/31/2011	1	Dev Drafter	Sent for Approval
5/31/2011	1	CITY ATTORNEY	Reviewed and Approved
5/31/2011	1	Dev Drafter	Sent to Clerk's Office for Council
5/27/2011	1	CITY AUDITOR	Reviewed and Approved
5/26/2011	1	Dev Drafter	Sent for Approval
5/26/2011	1	Auditor Reviewer	Reviewed and Approved
5/25/2011	1	Finance Reviewer	Reviewed and Approved
5/25/2011	1	FINANCE DIRECTOR	Reviewed and Approved
5/24/2011	1	Dev Drafter	Sent for Approval
5/24/2011	1	Finance Reviewer	Reviewed and Approved
5/24/2011	1	Finance Reviewer	Reviewed and Approved
5/23/2011	1	Dev Drafter	Sent for Approval
5/23/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This ordinance authorizes the appropriation and expenditure of program income within the HOME Investment Partnerships Program for the Department of Development. The funds will assist first-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 and moderate income families. This ordinance is in accordance with the 2010-2014 Consolidated Plan and application to the U.S. Department of Housing and Urban Development (HUD). The funds will be allocated as follows: $720,000 for the Affordable Housing Opportunity Fund, and $80,000 for HOME Administration.

Emergency action is requested to allow for continuation of services without interruption.

FISCAL IMPACT: The City of Columbus has generated $800,000 of HOME program income that is required to be used for HOME-eligible activities. This ordinance requests the appropriation of $800,000 and expenditure of $720,000 from program income amounts of $800,000.


Title

To authorize the appropriation of $800,000.00 from the 2011 HOME Fund to the Department of Development; to authorize the expenditure of $720,000.00 from the 2011 HOME Fund to provide funding for various approved 2011 programs; and to declare an emergency. ($800,000.00)


Body

WHEREAS, it is necessary to appropriate and expend funds from the unappropriated balance of the 2011 HOME Fund to the Department of Development; and

WHEREAS, HOME funds will be used to assist first-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; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary ...