Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to execute a Grant Agreement with the Tony R. Wells Foundation dba The Wells Foundation in an amount up to $533,368.00 of federal Emergency Rental Assistance 2 (ERA 2) - Stable Housing Initiative funds to provide assistance as authorized by the federal Emergency Rental Assistance program.
The Tony R. Wells Foundation is a “Contractor” under federal uniform guidance rules and the agreement that will be used by the city is the Grant Agreement.
Ordinance 2275-2021 authorizes the City of Columbus to accept and appropriate up to $39,109,001.91 of federal Emergency Rental Assistance (ERA 2) program funds, as passed by the Consolidated Appropriations Act of 2021.
Of this amount, $533,368.00 will be used for a grant agreement with the Tony R. Wells Foundation to partner with The Broad Street Presbyterian Church of Columbus, Ohio and act as their fiscal manager to dispense funding directly to recipients of The Broad Street Presbyterian Church of Columbus, Ohio’s COMPASS-Rental Assistance program.
Under separate agreement, the Director of the Department of Development will execute a Subrecipient Agreement - Not for Profit Service Contract with The Broad Street Presbyterian Church of Columbus, Ohio, in an amount up to $47,874.00. Through their COMPASS-Rental Assistance program, The Broad Street Presbyterian Church of Columbus, Ohio will advertise the program and make program eligibility determinations (as defined by U. S. Treasury) to qualify residents of the local community for funding in order to ensure housing stability and they will, in turn, inform the Tony R. Wells Foundation which applications are approved for funding and how much. The Tony R. Wells Foundation will make the payments directly to the recipients or other entities on their behalf. As such, funds will be advanced to the Tony R. Wells Foundation. The U.S. Department of Treasury has encouraged jurisdi...
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