Explanation
BACKGROUND: This legislation authorizes the Director of Development to enter into a grant agreement and a Subaward Not-for-Profit Service Contract with the Community Development Collaborative of Greater Columbus (Collaborative) to administer the City’s CHDO program, in a combined amount up to $195,000.00, with the contract and agreement terms starting January 1, 2024.
The City is a participating jurisdiction receiving federal funds under the HOME Investment Partnerships Program (HOME) of the U.S. Department of Housing and Urban Development (HUD). The regulations of the program provide that up to five percent of the annual allocation may be granted to Community Housing Development Organizations (CHDOs) to pay operating costs of the agencies. CHDOs are nonprofit organizations that work in neighborhoods to develop affordable housing through rehabilitation of existing housing stock and new in-fill construction.
The department partners with the Collaborative to manage the CHDO program and does so under a grant agreement to pay for operating expenses and a Subaward Not-for-Profit Service Contract for distribution of funds to CHDOs. Under the grant agreement (federal determination of a “contractor”), in an amount up to $45,000.00, the Collaborative will serve in the role as a funding intermediary, facilitator of training, and builder of organizational capacity, working on behalf of the City. These funds leverage additional public and private funds for operating support of CHDOs. The City and the Collaborative have collectively developed a process for distribution of the funds to eligible CHDOs and as such, under Subaward Not-for-Profit Service Contract, in an amount up to $150,000.00, the Collaborative will distribute funds to selected CHDOS for CHDO operating costs and will monitor CHDO activity on behalf of the City.
This legislation represents appropriation for a part of the HOME portion of the 2024 DRAFT Action Plan, per Ordinance 2993-2023.
FISCA...
Click here for full text