Label
31st (2022) Program Year HOME
Department of Housing and Community Development
Rosalyn Clemens
419-936-3647
(Revised)
Title
Repealing in its entirety Ord. 178-22; authorizing the Mayor to accept, deposit, appropriate and expend the HOME Investment Partnership Program Grant in the amount of $2,385,225 from the U.S. Department of Housing and Urban Development (HUD) for the purpose of funding the 2022 HOME Investment Partnership Program; authorizing the expenditure of HOME Carryover funds from all years prior to program year 2022 (31st) in the amount of $1,889,320.05; and authorizing submission to the U.S. Department of Housing and Urban Development the 2022-2023 Annual Action Plan; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Ordinance #178-22 passed by Council and signed by the Mayor was an estimate of what was anticipated to be received from the Department of Housing and Urban Development (HUD) for the HOME Investment Partnership Program (HOME). The City of Toledo was informed by HUD it will now receive $2,385,225 for fiscal year 2022, an increase of $205,248. This Ordinance makes the necessary amendments to Ordinance 178-22 by amending the relevant Sections in said legislation.
The financial impact of this Ordinance is the receipt of $2,385,225; $205,248 more than what was anticipated from HUD to the City of Toledo for the HOME Program.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That Ordinance 178-22 is hereby repealed in its entirety.
SECTION 2. That the Mayor is authorized to submit the 2022-2023 Annual Action Plan to HUD, as well as, accept the 31st (2022) Program Year HOME allocation from HUD in the amount of at $2,385,225 and deposit the amount received from HUD into Account Code 2025 16200 407400 5GH3102STDREH (Toledo HOME Program Fund) pursuant to HUD regulations.
SECTION 3. That the appropriation in the amount of $2,385,225 is authorized from the unappropr...
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