Explanation
BACKGROUND: This ordinance authorizes the acceptance, appropriation, and expenditure of FY 2018 HOME 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. Funds will also be used to fund Housing Division staffing costs.
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. The funds will be allocated as follows: $3,026,229 for the Affordable Housing Opportunity Program, $648,478 for the HUD required 15% set aside for projects developed by Community Housing Development Organizations (CHDO), and $132,318 for administration. $300,000 was appropriated for administration in advance of receiving the grant under the authority of Ordinance 3079-2018. The appropriation and expenditure of the remaining $216,159 in funds for CHDO operating grants will be done in a separate ordinance (2015-2018).
Emergency action is requested to allow for continuation of services without interruption.
FISCAL IMPACT: The City of Columbus has been awarded $4,323,184 by the United States Department of Housing and Urban Development (HUD) in Fiscal Year 2018 (per the HUD website) to fund various housing assistance activities under the HOME Investment Partnerships Act. This ordinance requests the appropriation of $3,807,025 and expenditure of $3,674,707 from the FY 2018 HOME entitlement. A separate ordinance will authorize the appropriation and expenditure of the remaining HOME funds for CHDO operating grants ($216,159).
Title
To authorize the acceptance of FY 2018 HOME monies within the HOME Investment Partnerships Program for the Department of Development and appropriation of $3,807,025.00 from the 2018 HOME Fund to the Department of Development; to authorize the expenditure of $3,674,707.00 from the 2018 HOME Fund to provide funding for various approved 2018 programs; and to declare an emergency. ($3,807,025.00)
Body
WHEREAS, it is necessary to accept the grant, appropriate and expend funds from the unappropriated balance of the 2018 HOME Fund to the Department of Development; and
WHEREAS, HOME funds will be used to fund staffing costs and 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 Department of Development is hereby authorized to accept a grant award of $4,323,184 from United States Department of Housing and Urban Development (HUD) for Fiscal Year 2018.
SECTION 2. 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, 2018, the sum of $3,807,025 is appropriated in Fund 2201 HOME Program Entitlement: $132,318 is allocated in Object Class 01, Personal Services; $3,674,707 is allocated in Object Class 03 Contractual Services per the accounting codes in the attachment to this ordinance.
SECTION 3. 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 4. 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 5. 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 6. That for the purpose as stated in Section 1, the expenditure of $3,674,707 or so much thereof as may be necessary, be and is hereby authorized to be expended from the HOME Fund (Fund 2201) in Object Class 03 Contractual Services per the accounting codes in the attachment to this ordinance.
SECTION 7. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications with this ordinance.
Section 8. At the end of the grant period, any repayment of unencumbered balances required by the grantor is hereby authorized and any unused City match monies may be transferred back to the City fund from which they originated in accordance with all applicable grant agreements.
SECTION 9. 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.