Explanation
BACKGROUND: This legislation authorizes the transfer and expenditure of $190,000 for the provision of grants for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families. The source of funding is the Community Development Block Grant fund awarded to the City by the U.S. Department of Housing and Urban Development (HUD).
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. Eligible households must meet the HUD income eligibility requirements of 80% AMI or below. Funds will be used to meet the housing needs identified in the Consolidated Plan. Programs will provide housing rehabilitation assistance for single family homes of homeowners and qualified tenants. Funds will be used to provide eligible households with assistance for essential home repairs and/or home modifications through the Home Safe and Sound and Home Modification Programs in order to preserve the housing stock and enable households to remain in their homes. Both programs will operate within city of Columbus corporate limits.
Emergency action is requested to avoid interruptions in vital program services.
FISCAL IMPACT: Funding is from the 2013 Community Development Block Grant Fund.
Title
To authorize the Director of the Department of Development to provide grant assistance for the affordable housing projects administered by the Housing Division under the Affordable Housing Opportunity Program, including the Home Modification Program and the Home Safe and Sound Program; to authorize the transfer and expenditure of $190,000.00 within the Community Development Block Grant Fund; and to declare an emergency. ($190,000.00) (AMENDED BY ORD. 0519-2016 PASSED 3/14/2016)
Body
WHEREAS, the Department of Development, Housing Division desires to administer an Affordable Housing Opportuni...
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