Explanation
This ordinance authorizes an amendment to the 2000-2004 Consolidated Plan and an amendment to the Consolidated Plan's 2004 budget. The city will receive additional HOME grant funds from the U. S. Department of Housing and Urban Development (HUD) for the American Dream Downpayment Initiative (ADDI). These funds will provide additional monies for housing downpayment assistance with some housing rehabilitation allowed.
The city is amending the 2000-2004 Consolidated Plan to address the plan for conducting targeted outreach to residents and to ensure the suitability of families to undertake and maintain homeownership.
The city is amending the Consolidated Plan's 2004 HOME budget.
As required by the Consolidated Plan, a 30-day public notice has been published, appearing in the Columbus Dispatch on March 12, 2004 through April 11, 2004.
FISCAL IMPACT: The city will receive $727,047 from HUD in new ADDI grant funds.
Title
To amend the 2000-2004 Consolidated Plan and the 2004 HOME Investment Partnerships (HOME) Action Plan Budget; to enable the City of Columbus to receive $727,047 of HOME grant funds for the American Dream Downpayment Initiative; to authorize the filing of these amendments with the U.S. Department of Housing and Urban Development (HUD); and to declare an emergency.
Body
WHEREAS, under the provisions as set forth in the various federal statutes authorizing the above program, the City of Columbus has filed a five year Consolidated Plan application with the Department of Housing and Urban Development (HUD), to be used for community development activities; and
WHEREAS, in conjunction with the Consolidated Plan, the City is required to submit a one year "Action Plan" including a detailed "Use of Funds" for the various grants covered under the plan; and
WHEREAS, HUD has granted additional HOME entitlement grant funds for the American Dream Downpayment Initiative necessitating amendments to the City plan...
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