Explanation
BACKGROUND: This ordinance authorizes the appropriation and expenditure of FY 2017 HOME grant monies within the HOME Investment Partnerships Program for the Department of Development. The funds will 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 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 City has been awarded $3,171,753 from the U. S. Department of Housing and Urban Development and has generated $450,000 in program income. Ordinance 0181-2017 allocated $325,000 for Tenant Based Rental Assistance and $300,000 for Administration. The remaining funds will be allocated as follows: $2,300,228 for the Affordable Housing Opportunity Fund, $475,763 for the HUD required 15% set aside for projects developed by Community Housing Development Organizations (CHDO), and $62,175 in additional administration. The $158,587 in 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 a grant in the amount of $3,171,753 by the United States Department of Housing and Urban Development (HUD) in Fiscal Year 2017 (per the HUD website) to fund various housing assistance activities under the HOME Investment Partnerships Act. In addition, the City has generated $450,000 in HOME program income. This ordinance requests the appropriation of $2,996,753 and expenditure of $2,775,991 from the FY 2017 HOME entitlement. A separate ordinance will authorize the expenditure of the remaining HOME funds for CHDO operating grants ($158,587). Ordinance No. 0181-2017, passed February 27, 2017, authorized the appropriation and expenditure of 2017 HOME funds for Tenant-based Rental Assistance grants ($325,000) and Administration ($300,000).
Title
To authorize the appropriation of $2,996,753.00 from the 2017 HOME Fund to the Department of Development; to authorize the expenditure of $2,775,991.00 from the 2017 HOME Fund to provide funding for various approved 2017 programs; and to declare an emergency. ($2,996,753.00). AMENDED BY ORD. 0796-2018; PASSED 4/2/2018.
Body
WHEREAS, it is necessary to appropriate and expend funds from the unappropriated balance of the 2017 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; and 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, 2017, the sum of $2,996,753 is appropriated in Fund 2201 HOME Program Entitlement. $62,175 is allocated in Object Class 01, Personal Services; $2,934,578 is allocated in Object Class 03 Contractual Services 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 by 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 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.
SECTION 5. That for the purpose as stated in Section 4, the expenditure of $2,775,991 or so much thereof as may be necessary, is hereby authorized in Fund 2201 HOME Program Entitlement in Object Class 03 Contractual Services per the accounting codes in the attachment to this ordinance.
SECTION 6. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 7. 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.