Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to make financial assistance available through the Southeast Home Repair Program administered by the Housing Division. The funds will be used to provide financial assistance to eligible homeowners for necessary and prioritized home improvements within a targeted area of the Southeast neighborhoods of the City.
The Southeast Home Repair Program represents City Council's commitment to serving the housing needs of the Southeast neighborhood. Eligible participants are those homeowners who reside within the program service boundaries described in Exhibit A as determined by the Department of Development.
The staffing costs associated with this housing program are initially expensed to the General Fund or other funds; however, project related activities are able to be expensed using capital funds. Time spent on capital related projects are tracked and expensed accordingly to the appropriate capital fund. The process is consistent with the City of Columbus procedure to reimburse the General Fund or other funds for the portion of the staff time attributable to capital projects.
Emergency action is necessary to allow the Housing Division to make the Southeast Home Repair Program available to residents without delay.
FISCAL IMPACT: $300,000 is available from the Housing Preservation Fund for this purpose.
Title
To authorize the Director of the Department of Development to make financial assistance available through the Southeast Home Repair Program administered by the Housing Division; to authorize the expenditure of up to $285,000.00 from the Housing Preservation Fund; to authorize the expenditure of $15,000.00 from the Housing Preservation Fund to reimburse the General Fund or other funds for personnel expenses incurred; and to declare an emergency. ($300,000.00)
Body
WHEREAS, this legislation authorizes up to $300.000.00 from the Housing Preservation Fund to th...
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