Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to amend contract DL008097 with Homes On The Hill (HOTH) for the Homebuyer Education Program. The contract amount will be increased by $18,000 to $61,000 and extended by six months from January 31, 2005 to July 30, 2005.
The program will benefit the burgeoning and underserved Hispanic community, specifically in the HOTH service area, to become stable, home owning members of the Central Ohio Community in the HOTH area. This program explains every facet of home purchase, including loan application, finding a realtor, protecting the home investment, home maintenance and inspection and loan closing procedures. This program will also offer financial and credit counseling in Spanish to individual clients and access to down payment assistance programs to help low and moderate income families purchase homes. This program assists about 300 people.
FISCAL IMPACT: Funds for this expenditure are allocated from the 2004 Community Development Block Grant Fund budget.
Title
To authorize the Director of the Department of Development to amend the Homebuyer Education Program contract with Homes On The Hill by increasing the contract amount and extending the contract time frame by six months; and to authorize the expenditure of $18,000 from the Community Development Block Grant Fund. ($18,000.00)
Body
WHEREAS, the Department of Development, Housing Division, desires to amend contract number DL008097 with Homes On The Hill (HOTH) to fund The Hispanic Homebuyer Education Program; and
WHEREAS, this amendment will increase the contract by $18,000 and extend the contract time frame by six months; and
WHEREAS, The Hispanic Homebuyer Education Program provides home buyer counseling to the Hispanic Community of Columbus; and
WHEREAS, the program explains every facet of home purchase, including loan application, finding a realtor, protecting the home ...
Click here for full text