Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to modify a subaward agreement with YMCA of Central Ohio in an amount up to $500,000.00 to continue to provide rental and utility assistance using federal Emergency Rental Assistance 2 funds.
Original subaward amount $500,000.00 Ord. 2306-2021 PO293482
Mod. 1 subaward amount $500,000.00
Total subaward amount $1,000,000.00
Ordinance 2275-2021 authorizes the City of Columbus to accept and appropriate $22,355,562.60 of federal Emergency Rental Assistance (ERA2) program funds, as passed by the Consolidated Appropriations Act of 2021. Of this amount, $500,000.00 will be used to provide rental and utility assistance (as defined by U.S. Treasury) to qualifying residents of the local community to ensure housing stability.
In this agreement, at least 60% of the funding will support households with an AMI at 50% or below and/or have a member of the household who has been unemployed for 90 days; up to 40% of the funding can be used for households with an AMI at 80% or below; and up to 15% of the funding will be utilized for Administrative costs.
YMCA of Central Ohio will manage a program to provide rental and utility assistance to residents in the local area who qualify for the assistance as provided in the laws regulations and other current guidance provided by the U.S. Department of Treasury.
It is expected that the guidance from the U.S. Department of Treasury will be modified while this subaward is in effect and it is requested that the Director of Development be given the authority to modify the terms and conditions of the subaward agreement without seeking additional Council Approval in order to align with the most current version of the laws, regulations, and guidance.
The terms of the subaward agreement modification shall be the same as that of the original subaward agreement.
Emergency action is requested in order to continue to provide services wit...
Click here for full text