City of Columbus - File #: 0363-2009

• File #: 0363-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 3/3/2009
• In control: Health, Housing & Human Services Committee
• On agenda: 3/30/2009
• Final action: 4/1/2009
• Title: To authorize the expenditure of $10,086,047 from the General Government Grant Fund to provide funding for the housing redevelopment portion of the Neighborhood Stabilization Program; and to declare an emergency. ($10,086,047)

Date	Ver.	Action By	Action	Result
4/1/2009	1	CITY CLERK	Attest
3/31/2009	1	MAYOR	Signed
3/30/2009	1	Columbus City Council	Approved	Pass
3/30/2009	1	COUNCIL PRESIDENT	Signed
3/11/2009	1	Dev Drafter	Sent to Clerk's Office for Council
3/10/2009	1	CITY ATTORNEY	Reviewed and Approved
3/9/2009	1	Dev Drafter	Sent for Approval
3/9/2009	1	Auditor Reviewer	Reviewed and Approved
3/9/2009	1	CITY AUDITOR	Reviewed and Approved
3/9/2009	1	Dev Drafter	Sent for Approval
3/9/2009	1	CITY ATTORNEY	Reviewed and Approved
3/9/2009	1	Dev Drafter	Sent to Clerk's Office for Council
3/9/2009	1	City Clerk's Office	Sent back for Clarification/Correction
3/9/2009	1	Dev Drafter	Sent for Approval
3/6/2009	1	Finance Reviewer	Reviewed and Approved
3/6/2009	1	Finance Reviewer	Reviewed and Approved
3/6/2009	1	Finance Reviewer	Reviewed and Approved
3/6/2009	1	FINANCE DIRECTOR	Reviewed and Approved
3/5/2009	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
3/5/2009	1	Dev Drafter	Sent for Approval
3/4/2009	1	Dev Drafter	Sent for Approval

Explanation

Background: In response to the housing mortgage crisis, the city of Columbus has been awarded $22,845,495 of Neighborhood Stabilization Program (NSP) grant funds from the U.S. Department of Housing and Urban Development (HUD). The funds will provide for the purchase of foreclosed or abandoned properties, and the redevelopment, rehabilitation or demolition of these properties in order to stabilize neighborhoods and stem the decline of house values of neighboring homes.

This legislation will implement the housing redevelopment portion of NSP that will include both the renovation and new construction of housing for homeownership and rental. The NSP Redevelopment Fund and the NSP 50% AMI Fund will assist for-profit and non-profit developers with grants and no or low interest loans for projects designed to reduce the number of vacant and abandoned properties, and to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low, moderate and middle income families. The NSP 50% AMI Fund is established in accordance with HUD regulations for the NSP program which state that 25% of the City's allocation must be designated to benefit households at or below 50% of the Columbus' area median income (AMI).

Redevelopment under this legislation will follow the City's NSP Application adopted by ordinance 1860-2008 (including the establishment and implementation of green construction standards), adhere to requirements established by HUD under the Program, and be guided by the Neighborhood Redevelopment/Housing Market Study being conducted by VWB Research on behalf the City.

Emergency action is requested to begin the redevelopment of properties as soon as possible and to meet deadlines established by HUD for the NSP Program.

Fiscal Impact: This legislation authorizes the expenditure of $10,086,047 in General Government Grant funds within the Department of Development. The Department's 2009 NSP budget includes funds for ...