City of Columbus - File #: 1240-2010

• File #: 1240-2010
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 8/27/2010
• In control: Housing Committee
• On agenda: 9/20/2010
• Final action: 9/23/2010
• Title: To authorize the expenditure of $6,882,700.00 from the General Government Grant Fund to provide funding for various approved activities within the Neighborhood Stabilization Program 2; and to declare an emergency ($6,882,700.00).

Date	Ver.	Action By	Action	Result
9/23/2010	1	CITY CLERK	Attest
9/21/2010	1	MAYOR	Signed
9/20/2010	1	Columbus City Council	Approved	Pass
9/20/2010	1	COUNCIL PRESIDENT	Signed
9/10/2010	1	Dev Drafter	Sent to Clerk's Office for Council
9/9/2010	1	FINANCE DIRECTOR	Reviewed and Approved
9/9/2010	1	Dev Drafter	Sent for Approval
9/9/2010	1	Auditor Reviewer	Reviewed and Approved
9/9/2010	1	CITY AUDITOR	Reviewed and Approved
9/9/2010	1	Dev Drafter	Sent for Approval
9/9/2010	1	CITY ATTORNEY	Reviewed and Approved
9/8/2010	1	Finance Reviewer	Reviewed and Approved
9/8/2010	1	Finance Reviewer	Reviewed and Approved
9/8/2010	1	Finance Reviewer	Reviewed and Approved
8/30/2010	1	Dev Drafter	Sent for Approval
8/27/2010	1	Dev Drafter	Sent for Approval
8/27/2010	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

Background: This ordinance authorizes the expenditure of $6,882,700.00 of Neighborhood Stabilization Program 2 (NSP2) funds for the Department of Development. Funds will be invested in eligible NSP2 activities including acquisition, rehabilitation, redevelopment and demolition of foreclosed, abandoned and vacant properties in order to stabilize neighborhoods and stem the decline of housing values. Prior ordinance 0800-2010 appropriated $11,117,773.00 in various divisions and object levels of the General Government Grant Fund to provide funding for approved programs.

The City of Columbus has been awarded $23,200,773.00 of NSP2 grant funds under the American Reinvestment and Recovery Act of 2009 (Public Law 111-005) (Recovery Act) from the U.S. Department of Housing and Urban Development (HUD). Prior ordinance 0156-2010 authorized the Director of the Department of Development to enter into consortium funding agreements with members of the NSP2 Consortium and the appropriation and expenditure of $12,083,000.00.

The City of Columbus is the Lead Applicant of the NSP 2 Consortium working together to achieve a common goal: Creating vital, healthy neighborhoods by implementing strategies that build a stronger housing real-estate market in weak-market areas of Columbus and Franklin County. Members of the NSP2 Consortium include: The City of Columbus, Franklin County, Affordable Housing Trust of Columbus and Franklin County, Campus Partners, Columbus Housing Partnership, Community Development Collaborative of Greater Columbus, and Habitat for Humanity of Greater Columbus.

This legislation is presented as an emergency for the effective implementation of 2010 NSP2 activities to address the current vacant property crisis in our city.

Fiscal Impact: This legislation totals $6,882,700 for the 2010 NSP2 programs. Costs will be reimbursed to the city by HUD as expended.


Title

To authorize the expenditure of $6,882,700.00 from the General Gov...