City of Columbus - File #: 1142-2009

• File #: 1142-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 8/25/2009
• In control: Health, Housing & Human Services Committee
• On agenda: 9/14/2009
• Final action: 9/16/2009
• Title: To authorize the expenditure of $608,023 from the General Government Grant Fund for the purpose of making loans and grants for operation of the Affordable Housing Opportunity Fund; and to declare an emergency. ($608,023)

Date	Ver.	Action By	Action	Result
9/16/2009	1	CITY CLERK	Attest
9/15/2009	1	MAYOR	Signed
9/14/2009	1	Columbus City Council	Approved
9/14/2009	1	COUNCIL PRESIDENT	Signed
8/28/2009	1	CITY AUDITOR	Reviewed and Approved
8/28/2009	1	Dev Drafter	Sent for Approval
8/28/2009	1	CITY ATTORNEY	Reviewed and Approved
8/28/2009	1	Dev Drafter	Sent to Clerk's Office for Council
8/27/2009	1	Finance Drafter	Sent for Approval
8/27/2009	1	Finance Reviewer	Reviewed and Approved
8/27/2009	1	Finance Reviewer	Reviewed and Approved
8/27/2009	1	FINANCE DIRECTOR	Reviewed and Approved
8/27/2009	1	Dev Drafter	Sent for Approval
8/27/2009	1	Auditor Reviewer	Reviewed and Approved
8/26/2009	1	Dev Drafter	Sent for Approval
8/26/2009	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
8/26/2009	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:
This legislation authorizes the expenditure of $608,023 for the provision of loans and grants for projects through the Department of Development's Affordable Housing Opportunity Fund. The Affordable Housing Opportunity Fund preserves and increases the local supply of decent, safe, sanitary and affordable housing for low-income families including roof repair assistance and accessibility modifications. The City of Columbus was awarded CDBG Recovery (CDBG-R) funds by the U.S. Department of Housing and Urban Development through the American Recovery and Reinvestment Act of 2009. Funds for this purpose are appropriated under separate legislation.

The Affordable Housing Opportunity Fund represents the City's commitment to the preservation and production of housing units affordable to very-low, low and moderate-income individuals. Funds will be used to meet the housing needs identified in the Consolidated Plan. Programs will provide roof repair assistance and accessibility modifications.

Emergency action is necessary to proceed with projects currently ready to begin.

FISCAL IMPACT:
Funding is from the General Government Grant Fund.


Title

To authorize the expenditure of $608,023 from the General Government Grant Fund for the purpose of making loans and grants for operation of the Affordable Housing Opportunity Fund; and to declare an emergency. ($608,023)


Body

WHEREAS, the Department of Development, Housing Division desires to administer an Affordable Housing Opportunity Program; and

WHEREAS, the City of Columbus was awarded CDBG Recovery (CDBG-R) funds by the U.S. Department of Housing and Urban Development through the American Recovery and Reinvestment Act of 2009; and

WHEREAS, these monies will be used to provide loans and grants to preserve and increase the supply of decent, safe, sanitary and affordable housing; and

WHEREAS, emergency action is necessary to proceed with projects currently ready to be...