Description
Title: To amend the 2025 Capital Improvement Budget; to authorize the City Auditor to transfer funds within the Affordable Housing Bond Fund; to authorize the Director of Development to enter into a grant agreement with Habitat for Humanity-MidOhio for development of a 14-unit affordable housing development in an amount up to $1,000,000.00 with a total commitment to the project of $2,000,000.00; and to authorize the expenditure of up to $1,000,000.00 from the Affordable Housing Bond Fund. ($1,000,000.00)
Summary
The document outlines Ordinance Number 0552-2026, which authorizes a transfer of $1,000,000 within the City of Columbus's budget. This transfer is between two specific project accounts within the same fund, facilitating the allocation of resources to support the Habitat for Humanity-MidOhio initiative. The ordinance impacts the nonprofit sector, particularly organizations dedicated to housing and community development. By reallocating funds, the city aims to enhance its support for affordable housing efforts, which is crucial for addressing housing needs in the community. This legislation is significant as it reflects the city's commitment to improving living conditions and supporting nonprofit organizations that serve vulnerable populations.