Explanation
BACKGROUND: This ordinance authorizes the appropriation and expenditure of FY 2016 HOME monies within the HOME Investment Partnerships Program for the Department of Development. The funds will assist 1st time homebuyers, for-profit and non-profit organizations with grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low and moderate income families. This ordinance is in accordance with the 2015-2019 Consolidated Plan and application to the U.S. Department of Housing and Urban Development (HUD). The funds will be allocated as follows: $1,920,442 for the Affordable Housing Opportunity Fund, $481,167 for the HUD required 15% set aside for projects developed by Community Housing Development Organizations (CHDO), and $1,723 in additional administration. The funds for CHDO operating grants will be done in a separate ordinance.
Emergency action is requested to allow for continuation of services without interruption.
FISCAL IMPACT: The City of Columbus has been awarded $3,207,775 by the United States Department of Housing and Urban Development (HUD) in Fiscal Year 2016 (per the HUD website) to fund various housing assistance activities under the HOME Investment Partnerships Act. This ordinance requests the appropriation of $2,563,721 and expenditure of $2,403,332 from the FY 2016 HOME entitlement. A separate ordinance will authorize the expenditure of the remaining HOME funds for CHDO operating grants ($160,389). Ordinance No. 0590-2016, passed April 18, 2016 authorized the appropriation and expenditure of 2016 HOME funds for Tenant-based Rental Assistance grants ($325,000). Ordinance 0991-2016, passed on May 2, 2016 authorized the appropriation of HOME Administration ($319,054).
Title
To authorize the appropriation of $2,563,721.00 from the 2016 HOME Fund to the Department of Development; to authorize the expenditure of $2,403,332.00 from the 2016 HOME Fund to provide funding for various approved 2016 programs; and to declare an emergency. ($2,563,721.00) AMENDED BY ORD. 0796-2018; PASSED 4/2/2018.
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WHEREAS, it is necessary to appropriate and expend funds from the unappropriated balance of the 2016 HOME Fund to the Department of Development; and
WHEREAS, HOME funds will be used to assist 1st time homebuyers, for-profit and non-profit organizations with grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low income families; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to appropriate and expend said funds to allow for continuation of services without interruption, thereby preserving the public health, peace, property, safety, and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That from the unappropriated monies and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ended December 31, 2016, the sum of $2,563,721 is appropriated in Fund 2201 HOME Program Entitlement. $1,723 is allocated in Object Class 01, Personal Services, and $2,561,998 is allocated in Object Class 03 Contractual per the accounting codes in the attachment to this ordinance.
SECTION 2. That the monies appropriated in the foregoing Section 1 shall be paid upon the order of the Director of the Department of Development and that no order shall be drawn or money paid except via a voucher, the form of which shall be approved by the City Auditor.
SECTION 3. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 4. That the Director of the Department of Development is hereby authorized to assist first time homebuyers, for-profit and non-profit organizations with grants and no or low interest loans for projects designed to increase and preserve the local supply of decent, safe, sanitary, and affordable housing for low income families.
SECTION 5. That for the purpose as stated in Section 4, the expenditure of $2,403,332 or so much thereof as may be necessary, is hereby authorized in Fund 2201 HOME Program Entitlement in Object Class 03 Contractual Services which is allocated as $481,167 to the CHDO Set Aside and $1,920,442 for Non-Set Aside projects per the accounting codes in the attachment to this ordinance.
SECTION 6. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this Ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.