City of Columbus - File #: 0077-2004

• File #: 0077-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/6/2004
• In control: Health, Housing & Human Services Committee
• On agenda: 2/2/2004
• Final action: 2/4/2004
• Title: To authorize the Director of the Department of Development to enter into a contract with Homes On The Hill for The Homebuyer Education Program; and to authorize the expenditure of $43,000 from the Community Development Block Grant Fund. ($43,000.00)

Date	Ver.	Action By	Action	Result
2/4/2004	1	CITY CLERK	Attest
2/3/2004	1	MAYOR	Signed
2/2/2004	1	Columbus City Council	Approved	Pass
2/2/2004	1	COUNCIL PRESIDENT	Signed
1/26/2004	1	Columbus City Council	Read for the First Time
1/13/2004	1	Dev Drafter	Sent to Clerk's Office for Council
1/12/2004	1	Auditor Reviewer	Contingent
1/12/2004	1	CITY AUDITOR	Reviewed and Approved
1/12/2004	1	Dev Drafter	Sent for Approval
1/12/2004	1	CITY ATTORNEY	Reviewed and Approved
1/9/2004	1	Dev Drafter	Sent for Approval
1/9/2004	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
1/9/2004	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a contract with Homes On The Hill (HOTH) for The Homebuyer Education Program. The contract will provide $43,000 from the Community Development Block Grant Fund. The program will benefit the burgeoning and underserved Hispanic community, specifically in the HOTH service area, to become stable, home owning members of the Central Ohio Community in the HOTH area. This program will explain every facet of home purchase, including loan application, finding a realtor, protecting the home investment, home maintenance and inspection and loan closing procedures. This program will also offer financial and credit counseling in Spanish to individual clients and access to down payment assistance programs to help low and moderate income families purchase homes. This program will assist about 300 people.

FISCAL IMPACT: Funds for this expenditure are allocated from the 2004 Community Development Block Grant Fund budget.



Title

To authorize the Director of the Department of Development to enter into a contract with Homes On The Hill for The Homebuyer Education Program; and to authorize the expenditure of $43,000 from the Community Development Block Grant Fund. ($43,000.00)



Body

WHEREAS, the Department of Development, Housing Division, desires to enter into a contract with Homes On The Hill (HOTH) to fund The Hispanic Homebuyer Education Program; and

WHEREAS, The Hispanic Homebuyer Education Program will provide home buyer counseling to the Hispanic Community of Columbus; and

WHEREAS, the program will explain every facet of home purchase, including loan application, finding a realtor, protecting the home investment, home maintenance and inspection and loan closing procedures; and

WHEREAS, the program will also offer financial and credit counseling in Spanish to individual clients and access to down payment assistance programs to help l...