City of Columbus - File #: 0118-2007

• File #: 0118-2007
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/18/2007
• In control: Health, Housing & Human Services Committee
• On agenda: 2/12/2007
• Final action: 2/14/2007
• Title: To authorize the expenditure of $1,008,241 from the 2007 Community Development Block Grant Fund for the purpose of making loans and grants for operation of the Affordable Housing Opportunity Fund; and to declare an emergency. ($1,008,241)

Date	Ver.	Action By	Action	Result
2/14/2007	1	CITY CLERK	Attest
2/13/2007	1	MAYOR	Signed
2/12/2007	1	Columbus City Council	Approved	Pass
2/12/2007	1	COUNCIL PRESIDENT	Signed
1/31/2007	1	City Clerk's Office	Sent back for Clarification/Correction
1/31/2007	1	Dev Drafter	Sent to Clerk's Office for Council
1/30/2007	1	CITY AUDITOR	Reviewed and Approved
1/30/2007	1	Dev Drafter	Sent for Approval
1/30/2007	1	CITY ATTORNEY	Reviewed and Approved
1/30/2007	1	Dev Drafter	Sent to Clerk's Office for Council
1/26/2007	1	Auditor Reviewer	Contingent
1/25/2007	1	FINANCE DIRECTOR	Reviewed and Approved
1/25/2007	1	Dev Drafter	Sent for Approval
1/24/2007	1	Finance Reviewer	Reviewed and Approved
1/22/2007	1	Dev Drafter	Sent for Approval
1/22/2007	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
1/22/2007	1	Dev Drafter	Sent for Approval
1/22/2007	1	Finance Reviewer	Reviewed and Approved

Explanation

BACKGROUND:
This legislation authorizes the expenditure of $1,008,241 for the provision of loans and grants for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families.

The Affordable Housing Opportunity Fund represents the City's commitment to the preservation and production of housing units affordable to very-low, low and moderate-income individuals. Funds will be used to meet the housing needs identified in the Consolidated Plan through repair, and/or rehabilitation of homeowner units. Programs will provide homeowner assistance with home repairs in Neighborhood Pride areas, home maintenance repairs for seniors and accessibility modifications.

Emergency action is necessary to allow for payment of projects currently underway at this time.

FISCAL IMPACT:
Funding is from the 2007 Community Development Block Grant Fund.



Title

To authorize the expenditure of $1,008,241 from the 2007 Community Development Block Grant Fund for the purpose of making loans and grants for operation of the Affordable Housing Opportunity Fund; and to declare an emergency. ($1,008,241)



Body

WHEREAS, the Department of Development, Housing Division desires to administer an Affordable Housing Opportunity Program; and

WHEREAS, these monies will be used to provide loans and grants to preserve and increase the supply of decent, safe, sanitary and affordable housing; and

WHEREAS, emergency action is necessary to allow for prompt payment of projects currently underway; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to expend said funds thereby preserving the public health, peace, property, safety, and welfare; and NOW, THEREFORE,


BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:


Section 1. That the Director of the Department of Development is hereby auth...