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 agencies. CHDOs are nonprofit organizations that work in neighborhoods to develop affordable housing through rehabilitation of existing housing stock and new in-fill construction.
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 $4,323,184 from the U. S. Department of Housing and Urban Development in 2018. All funds except for the amount of this contract have been appropriated under other ordinances.
This legislation authorizes the appropriation and expenditure of $216,159 of HOME Funds and 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 of CHDOs. The City and the Collaborative have collectively developed a process for distribution of the funds. The Collaborative will administer contracts for the following CHDOs:
Community Development for all People $69,000
Franklinton Development Association $73,659
Homes on the Hill CDC $28,000
Gertrude Wood Community Foundation $45,500
Total $216,159
Contract figures represent only the City HOME funded portion of the CHDOs total contracts.
Emergency action is requested to avoid disruptions in program services.
FISCAL IMPACT: The 2018 HOME Program budge...
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