City of Columbus - File #: 0789-2009

• File #: 0789-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 5/26/2009
• In control: Health, Housing & Human Services Committee
• On agenda: 6/8/2009
• Final action: 6/10/2009
• Title: To authorize an appropriation of $237.00 from the 2008 HOME Fund to the Department of Development; to authorize the expenditure of $213.30 from the HOME Fund to provide funding for various approved 2008 programs; and to declare an emergency. ($237.00)

Date	Ver.	Action By	Action	Result
6/10/2009	1	CITY CLERK	Attest
6/9/2009	1	MAYOR	Signed
6/8/2009	1	Columbus City Council	Approved	Pass
6/8/2009	1	COUNCIL PRESIDENT	Signed
5/29/2009	1	CITY ATTORNEY	Reviewed and Approved
5/29/2009	1	Dev Drafter	Sent to Clerk's Office for Council
5/28/2009	1	Dev Drafter	Sent for Approval
5/28/2009	1	Auditor Reviewer	Reviewed and Approved
5/28/2009	1	CITY AUDITOR	Reviewed and Approved
5/28/2009	1	Dev Drafter	Sent for Approval
5/27/2009	1	Dev Drafter	Sent for Approval
5/27/2009	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
5/27/2009	1	Dev Drafter	Sent for Approval
5/27/2009	1	Finance Reviewer	Reviewed and Approved
5/27/2009	1	Finance Reviewer	Reviewed and Approved
5/27/2009	1	Finance Reviewer	Reviewed and Approved
5/27/2009	1	FINANCE DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This ordinance authorizes the appropriation and expenditure of FY 2008 HOME monies within the HOME Investment Partnerships Program for the Department of Development. The funds will assist for-profit and non-profit developers with grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low income families. This ordinance is in accordance with Ordinance No. 1581-2007 passed November 16, 2007, authorizing the adoption and filing of the Consolidated Plan and application to the U.S. Department of Housing and Urban Development (HUD). The original award of $4,704,450 was appropriated by Ordinance No. 0231-2008. The actual HOME funds award was an increase of $237.00 over the amount of the allocation originally announced by HUD ($4,704,687).

The additional funds will be allocated as follows: $177.75 for the Affordable Housing Opportunity Fund, $35.55 for the HUD required 15% set aside for projects developed by Community Housing Development Organizations (CHDOs), and $23.70 for HOME administration.

Emergency action is requested to proceed with projects that are ready to begin.

FISCAL IMPACT: The City of Columbus was awarded $4,704,687 by the United States Department of Housing and Urban Development (HUD) to fund various housing assistance activities under the HOME Investment Partnerships Act. The actual award was an increase of $237.00 over the amount of the allocation originally announced by HUD.


Title

To authorize an appropriation of $237.00 from the 2008 HOME Fund to the Department of Development; to authorize the expenditure of $213.30 from the HOME Fund to provide funding for various approved 2008 programs; and to declare an emergency. ($237.00)


Body

WHEREAS, it is necessary to appropriate and expend funds from the unappropriated balance of the 2008 HOME Fund to the Department of Development; and

WHEREAS, the or...