Explanation
BACKGROUND:
This ordinance authorizes the appropriation and expenditure of $500,000 in program income from the Rental Rehabilitation Program. The funds will support affordable housing projects, in particular, the control of lead-based paint hazards in homes where children have been lead poisoned. Lead-Safe Kids is a new initiative in the Department of Development in which Lead-Safe Columbus, Healthy Homes, and Home Safe and Sound are joining forces to make homes safer and healthier for children. The initiative is a partnership between the Department of Development, the Health Department and property owners to strategically target housing units in which children have been poisoned and the homes continue to be hazardous. The goal of the Lead-Safe Kids is to create lead-safe, decent, safe and sanitary housing for families with children 6 years of age and under. The program benefits both tenants and homeowners in the city of Columbus.
Emergency action is requested in order to make program funds immediately available.
FISCAL IMPACT:
Income from the Rental Rehabilitation Program is generated on the principal of amortized and deferred loans, allowing these funds to accumulate until sufficient amounts are available to fund other affordable housing projects.
Title
To authorize the appropriation of $500,000 of the program income from the Rental Rehabilitation Program for the implementation of the Lead Safe Kids Initiative; to authorize the expenditure of $500,000 in program income from the Rental Rehabilitation Program for financing lead hazard control and housing rehabilitation activities; and to declare an emergency. ($500,000.00)
Body
WHEREAS, it is necessary to appropriate and expend funds from the unappropriated balance of the Rental Rehabilitation Program to the Department of Development; and
WHEREAS, the Department of Development desires to expend earned income from the Rental Rehabilitation Program to support ...
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