Explanation
BACKGROUND: In response to the housing mortgage crisis, the City of Columbus has been awarded $4,843,460 of Neighborhood Stabilization Program 3 (NSP3) grant funds from the U.S. Department of Housing and Urban Development (HUD). Council Ordinance 0782-2011 appropriated the funds to purchase foreclosed or abandoned properties, and the redevelopment, rehabilitation or demolition of properties in order to stabilize neighborhoods and stem the decline of house values of neighboring homes.
This legislation authorizes the expenditure of $484,000 from the General Government Grant Fund and authorizes the Director of the Department of Development to enter into agreements with Franklinton Development Association, Community Development for All People, and Columbus Housing Partnership to provide demolition and deconstruction services for various structures under the Columbus Land Bank Program. Most of the resulting lots will be redeveloped by the organizations under the Duxberry Landing and Southern Gateway Homes projects.
FISCAL IMPACT: Funding for these contracts is allocated from a Neighborhood Stabilization Program 3 grant from the U.S. Department of Housing and Urban Development (HUD).
Title
To authorize the Director of the Department of Development to enter into agreements with the Franklinton Development Association, Community Development for All People, and Columbus Housing Partnership to provide demolition and deconstruction services for properties acquired under the Neighborhood Stabilization and Land Reutilization Programs; to authorize the expenditure of $484,000.00 from the General Government Grant Fund; and to declare an emergency. ($484,000.00)
Body
Whereas, ordinance 0162-2011 adopted the City's Neighborhood Stabilization Program, authorized the filing of the Neighborhood Stabilization Program application with HUD, and made a substantial amendment to the Consolidated Plan's 2010 Action Plan; and
Whereas, ordinance 0782-201...
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