Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to execute a Subrecipient Agreement - Not for Profit Service Contract with The Broad Street Presbyterian Church of Columbus, Ohio in an amount up to $47,874.00 of federal Emergency Rental Assistance 2 (ERA 2) - Stable Housing Initiative funds to provide assistance as authorized by the federal Emergency Rental Assistance program.
Ordinance 2275-2021 authorizes the City of Columbus to accept and appropriate up to $39,109,001.91 of federal Emergency Rental Assistance (ERA 2) program funds, as passed by the Consolidated Appropriations Act of 2021.
Of this amount, $47,874.00 will be used for a contract with The Broad Street Presbyterian Church of Columbus, Ohio who, through their COMPASS-Rental Assistance program, will advertise the program and make program eligibility determinations (as defined by U. S. Treasury) to qualify residents of the local community for funding in order to ensure housing stability and they will, in turn, inform the Tony R Wells Foundation which applications are approved for funding and how much. The Tony R Wells Foundation is acting as a fiscal manager of the funds to be allocated under this contract and will make the payments directly to the recipients. The U.S. Department of Treasury has encouraged jurisdictions to look at ways to expedite payments by centralizing payment processing as one of their best practices. A separate piece of legislation will be put forth to enter into a Not for Profit Service Contract with the Tony R Wells Foundation for this purpose.
Under this contract, the full amount of funding will be used to pay for COMPASS services while funding provided to the Tony R Wells Foundation will include funding for recipients and fee for acting as the fiscal manager. Of the funds for the recipients, at least 60% of the funding will support households with an AMI at 50% or below and/or have a member of the household who has bee...
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