Agenda Item # 3

Columbus Consolidated Government

Council Meeting

February 11, 2014

Agenda Report # 67

TO: Mayor and Councilors

SUBJECT: Neighborhood Stabilization Program 3 (NSP3)

INITIATED BY: Department of Community Reinvestment


Recommendation: Approval is requested for the filing of a substantial amendment to the FY2010 Annual Action Plan for entitlement funding from the Neighborhood Stabilization Program 3 (NSP3) from the Department of Housing and Urban Development (HUD).

Background: The Housing and Economic Recovery Act (HERA) 2008 created the Neighborhood Stabilization Program (NSP). HERA provided $3.92 billion to states and localities to assist in redevelopment efforts. The funding provided emergency assistance for the redevelopment of abandoned and/or foreclosed homes. The Wall Street Reform and Economic Recovery Act of 2010 provides for $970 million in additional NSP funds. In order to receive additional funding, the City must submit a substantial amendment to its FY2010 Annual Action Plan. The Annual Action Plan is a document required by the Department of Housing and Urban Development (HUD) illustrating to HUD and the citizens of Columbus, Georgia how our entitlement funds will be expended.

Analysis: The City of Columbus received an allocation of $1,128,174 for the NSP3 Program. A total of $143,666 remains to be expended. Neighborworks, Columbus will assist the City in meeting its’ March 9, 2014 expenditure deadline by completing the requirements of the program.

Financial Considerations: The City will fulfill is expenditure obligation in the amount of $143,666 in entitlement funds from the Neighborhood Stabilization Program 3 (NSP3).

Legal Considerations: Council must approve the substantial amendment to receive funding.

Recommendations: Approve the resolution authorizing the filing of a substantial amendment to the Annual Action Plan for the receipt of Neighborhood Stabilization Program 3 (NSP3) funding from the Department of Housing and Urban Development (HUD).


Second Amendment to NSP 3 Contract -NW Cols. admin FINAL.docxProposed Amendment.docxProposed Amendment.docx

A RESOLUTION

NO.______

A RESOLUTION AUTHORIZING THE CITY MANAGER FOR THE FILING OF A SUBSTANTIAL AMENDMENT TO THE FY2010 ANNUAL ACTION PLAN FOR ENTITLEMENT FUNDING FROM THE NEIGHBORHOOD STABILIZATION PROGRAM 3 (NSP#3) FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

WHEREAS, the city has applied for and received funds from the United States Government under Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), commonly referred to as the Neighborhood Stabilization Program 3 (NSP 3), Public Law 111-203; and,

WHEREAS, the Council approved amendments to the City’s 2008 and 2010 Annual Acton Plans on May 22, 2012 to include the rental of NSP 3 rehabbed properties as an eligible use; and,

WHEREAS, the city has engaged NEIGHBORWORKS to assist the city in utilizing such funds; and,

WHEREAS, NEIGHBORWORKS has agreed to complete the expenditure requirements in the amount of $119,774 for projects on behalf of Housing Authority and $23,892 for administrative costs; a total of $143,666, and,

WHEREAS, under no circumstances will administration costs exceed 10% of the grant amount and 10% of the program income received.

NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA, HEREBY RESOLVES AS FOLOWS:

That the Neighborhood Stabilization Program 3 (NSP3) Second Amendment is hereby approved for filling with the Department of Housing and Urban Development and further authorizes the City Manager and/or his designee to execute all contracts, agreements and understanding related to the Neighborhood Stabilization Program (NSP3) Second Amendment.
_______________


Introduced at a regular meeting of the Council of Columbus, Georgia, held the ___________ day of _________ 2014, and adopted at said meeting by the affirmative vote of __________ members of said Council.


Councilor Allen voting __________.
Councilor Baker voting __________.
Councilor Barnes voting __________.
Councilor Davis voting __________.
Councilor Henderson voting __________.
Councilor Huff voting __________.
Councilor McDaniel voting __________.
Councilor Thomas voting __________.
Councilor Turner Pugh voting __________.
Councilor Woodson voting __________.


_____________________________ _________________________
Tiny B. Washington, Clerk of Council Teresa Pike Tomlinson, Mayor