Description
Title: To authorize the Director of Development to enter into a grant agreement with Columbus Housing Partnership, Inc. (dba Homeport) for the renovation of Emerald Glen, an affordable housing apartment complex, an amount up to $762,000.00; to amend the 2025 Capital Improvement Budget; to authorize the City Auditor to transfer funds within the Affordable Housing Bond Fund; to authorize the expenditure of up to $762,000.00 from the Affordable Housing Bond Fund; to authorize reimbursement of expenditures incurred prior to the creation of a Purchase Order; and to declare an emergency. ($762,000.00)
Summary
Ordinance Number 0711-2026 authorizes the transfer of $762,000 within the City of Columbus' budget from one project fund to another. Specifically, it reallocates funds from the Columbus Housing Partnership, Inc. to a different housing initiative, aimed at enhancing support for local housing projects. This legislation affects city departments involved in housing and community development, ensuring that resources are effectively utilized to meet the city's housing goals. The transfer is crucial as it reflects the city's commitment to improving housing accessibility and quality for its residents, reinforcing the importance of adaptive budget management in response to community needs.