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File #: O-156-19    Version: 1 Name:
Type: Ordinance Status: Mayor's Office
File created: 3/22/2019 In control: Neighborhoods Department
On agenda: 4/16/2019 Final action: 4/16/2019
Title: Authorizing the Mayor to accept, deposit, appropriate and expend the HOME Investment Partnership Program Grant estimated to be $2,245,266 from the U.S. Department of Housing and Urban Development (HUD) for the purpose of funding the 2018 HOME Investment Partnership Program; and declaring an emergency.
Attachments: 1. Audio: Agenda Review 3/26/2019, 2. Audio: City Council 4/2/2019, 3. Audio: Agenda Review 4/9/2019
Label
28th (2019) Program Year HOME
Department of Neighborhood and Business Development
Bonita Bonds
419-245-1401

Title
Authorizing the Mayor to accept, deposit, appropriate and expend the HOME Investment Partnership Program Grant estimated to be $2,245,266 from the U.S. Department of Housing and Urban Development (HUD) for the purpose of funding the 2018 HOME Investment Partnership Program; and declaring an emergency.

Body
SUMMARY & BACKGROUND:
The City of Toledo (COT) receives from the U.S. Housing & Urban Development Department (HUD) a designated amount of HOME Investment Partnership Program (HOME) Grant dollars, as an entitlement city and participating jurisdiction, for the purpose of meeting HUD national objectives, as well as, providing affordable housing to low and moderate income individuals or families. The city's receipt and acceptance of the grant amount compels it to utilize the funds within certain HUD regulations, directives, and guidelines, as well as, pursuant to the HUD approved Five Year Consolidated Plan for the City of Toledo. Specifically, the Consolidated Plan which the COT must follow is in effect from 2015 through 2020. Each year, however, the COT submits to HUD its One Year Action Plan, describing how it will continue to implement and execute the current Five Year Consolidated Plan but within the subject Program Year. The City must submit the One Year Action Plan each year within the respective five year period in order to continue to receive the annual HOME allocation from HUD.

This Ordinance is to authorize the Mayor to submit to HUD the One Year Action Plan, accept the 2019 Program Year HOME allocation from HUD, deposit the HOME funds received from HUD into the appropriate Account Codes, and expend the amount received pursuant to the Five-Year Consolidated Plan, and more specifically, the One Year Action Plan for the 2019 Program Year to be submitted to HUD on June 25th, 2019.

The financial impact of this Ordinance is th...

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