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 Southeast, Inc. for the purpose of implementing and monitoring a tenant-based rental assistance program on behalf of the City. The contract will provide $205,000 of HOME funds for this purpose. 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. Southeast, Inc. will lease housing units for the Rebuilding Lives program. Southeast, Inc. will maintain and operate the housing units 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 2005 contains TBRA housing preference priorities for chronically homeless persons.
Emergency action is requested so that program services can continue uninterrupted.
FISCAL IMPACT: Funds for this expenditure are allocated from the Rebuilding Lives set-aside of the Affordable Housing Opportunity Fund allocation of the 2005 Home Funds.
Title
To authorize the Director of Development to enter into a contract with Southeast, Inc. for the purpose of implementing and monitoring a tenant-based rental assistance program on behalf of the City; to authorize the expenditure of $205,000 from the HOM...
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