Explanation
Background: This legislation authorizes the Director of the Department of Development to enter into a contract with Mid-Ohio Regional Planning Commission (MORPC) to provide HUD Certified homebuyer education. In response to the housing mortgage crisis, the city of Columbus has been awarded $23,200,773 of Neighborhood Stabilization Program 2 (NSP2) 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 Homebuyer Education portion of NSP2 which requires all NSP2 homebuyers to complete HUD Certified homebuyer education prior to buying an NSP2 funded home. The Mid-Ohio Regional Planning Commission (MORPC) is one of four HUD-certified homebuyer education receiving NSP2 funds for homebuyer education. The other agencies include Columbus Housing Partnership, Columbus Urban League, and Homes on the Hill CDC.
Emergency action is requested to begin homebuyer education classes as soon as possible and in order to meet HUD's regulations for implementing the NSP2 within the designated time period required by the grant agreement.
Fiscal Impact: This legislation authorizes the expenditure of $80,659 in General Government Grant funds within the Department of Development. The Department's 2010 NSP2 budget includes funds for homebuyer education.
Title
To authorize the Director of the Department of Development to enter into a contract with Mid-Ohio Regional Planning Commission (MORPC) for the provision of homebuyer education services; to authorize the expenditure of $80,659 from the General Government Grant Fund; and to declare an emergency. ($80,659.00)
Body
WHEREAS, the Director of the Department of Development desires to enter into contrac...
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