Explanation
BACKGROUND: 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 agency. CHDOs work in their neighborhoods to develop affordable housing through rehabilitation of existing housing stock or new in-fill construction.
This legislation authorizes the expenditure of $260,856 of HOME Funds. The legislation also authorizes the Director of Development to enter into a contract with the Community Development Collaborative of Greater Columbus (Collaborative) to serve in the role as a funding intermediary, facilitator of training, and builder of organizational capacity. These funds leverage additional public and private funds for operating support. The City and the Collaborative have collectively developed a process for competitive distribution of the funds.
The Collaborative will administer contracts for the following CHDOs:
Franklinton Development Association $43,476
Homes On The Hill, CDC $43,476
Neighborhood House CHDO $43,476
Northside CDC $43,476
MiraCit Development Corporation $43,476
Youthbuild Columbus $43,476
Total $260,856
Contract figures represent only the HOME funded portion of the CHDOs total contract.
Emergency action is requested to allow the Collaborative to enter into contracts with the CHDOs for FY2005.
FISCAL IMPACT: The 2005 HOME Program budget allocated a total of $260,856 for CHDO operating support. The previous contract timeline was April 1, 2004 thru March 31, 2005. The contract authorized by this legislation will be April 1, 2005 thru May 31, 2006.
Title
To authorize the Director of the Department of Development to enter into a contract with the Community ...
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