Explanation
The purpose of this ordinance is to authorize Columbus City Council to enter into a grant agreement with Columbus Next Generation Corporation (CNGC) to provide rental and mortgage assistance to Linden residents and small businesses impacted by COVID-19.
The Greater Linden Rental and Mortgage Assistance project will provide rental and/or mortgage assistance to residents and small businesses in South and North Linden neighborhoods that have been impacted by COVID-19. CNGC will partner with C.R.A.C.K. House Ministries, who will provide the necessary administrative support to accept and process applications for the assistance to residents and business owners. CNGC will oversee the application approval process. The funds will be utilized to pay up to $6,000 of delinquent rents/mortgages per applicant/address. Funds can also be utilized to cover delinquent electric and/or water charges if they are included as part of the monthly rent or mortgage.
Columbus City Council is supporting this project with $228,336.00 in funding from the CARES Act fund.
EMERGENCY DESIGNATION: Emergency action is requested in order to immediately provide the funds necessary to assist the residents and businesses in need.
FISCAL IMPACT: Total appropriation is $228,336.00 and is available in the CARES Act fund.
Title
To authorize Columbus City Council to enter into a grant agreement with the Columbus Next Generation Corporation in support of the Greater Linden Rental and Mortgage Assistance Program; to authorize a transfer of appropriations within the CARES Act fund; to authorize an expenditure of $228,336.00 within the CARES Act fund; and to declare an emergency. ($228,336.00)
Body
WHEREAS, the COVID-19 pandemic has resulted in unprecedented job losses and affected the ability of many Columbus residents to cover their basic needs, including rents and mortgages; and
WHEREAS, the goal of Columbus Next Generation Corporation is to transform communities into...
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