Explanation
BACKGROUND: This ordinance authorizes the appropriation and expenditure of $1,543,000 of the anticipated FY 2019 HOME Investment Partnerships Program (HOME) funding from the U.S. Department of Housing and Urban Development (HUD) for the Department of Development’s Housing Division.
This legislation represents appropriation for the HOME portion of the 2019 Action Plan, per Ordinance 2776-2018.
This legislation also authorizes the Director of Development to use these funds to enter into contracts 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 and moderate income families.
Emergency action is requested to allow for continuation of services without interruption.
Fiscal Impact: Funds in the amount of $1,543,000.00 for this appropriation are supported by the anticipated HOME entitlement award from the U.S. Department of Housing and Urban Development (HUD) and are allocated from the 2019 HOME Investment Partnership Grant.
Title
To authorize the appropriation and expenditure of $1,543,000.00 remaining from FY 2019 HOME monies within the HOME Investment Partnerships Program for the Department of Development; to authorize the Director of Development to enter into agreements to provide funding for various approved housing programs that will assist first time homebuyers and 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; to provide funding for various approved programs; and to declare an emergency. ($1,543,000.00).
Body
WHEREAS, the City of Columbus expects to continue as a participating jurisdiction of the U.S. Department of Housing and Urban Development for 2019; and
WHEREAS, the City of Columbus is the recipient of HOME Investment Partnerships funds from the U.S. Department of Housing and Urban Development; and
WHEREAS, the Columbus City Council has approved the 2019 Action Plan, per Ordinance 2776-2018, as required by HUD; and
WHEREAS, it is necessary to appropriate and expend funds from the unappropriated balance of the 2019 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 in Fund 2201 (HOME Investment Partnerships Program) and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the grant period, the sum of 1,543,000.00 is appropriated in Fund 2201 (HOME Investment Partnerships Program), Dept-Div 44-10 (Housing), Project G451901, Object Class 05 (Other).
SECTION 2: That the Director of Development is hereby authorized to enter into agreements with various entities 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 3. That for the purpose as stated in Section 2, the expenditure of $1,543,000.00 or so much thereof as may be necessary, is hereby authorized in Fund 2201 (HOME Investment Partnerships Program), Dept-Div 44-10 (Housing), Project G451901, in object class 05 (Other) per the account codes in the attachment to this ordinance.
SECTION 4. Funds are hereby deemed appropriated and expenditures and transfers authorized to carry out the purposes of this ordinance and the City Auditor shall establish such accounting codes as necessary.
SECTION 5. 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 6. 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 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.