A RESOLUTION
NO.________
WHEREAS, in 2008, Congress authorized the creation of the Toxic Asset Relief
Program (TARP) which was amended to include assistance to homeowners; and,
WHEREAS, on February 19, 2010, the United States Treasury Department (?Treasury
Department?) announced TARP?s Hardest Hit Fund (HHF), to support foreclosure
prevention efforts and stabilize the housing market; and,
WHEREAS, the Treasury Department designed the HHF to provide 7.6 billion to be
administered by housing finance agencies in eighteen states including Georgia
where the administering finance agency is the Georgia Department Community
Affairs (DCA); and,
WHEREAS, Georgia was allocated $339,255,819 in HHF for foreclosure assistance
thru the HomeSafe Georgia Program which is administered by DCA and expires
December 31, 2017 with the balance to be returned to the Treasury Department;
and,
WHEREAS, as of March 31, 2015, only 33% of the allocation has been expended;
and,
WHEREAS, in June 2013 the Treasury Department approved the Blight Elimination
Program as a part of HHF to fund the demolition and ?greening? of vacant and
abandoned single-family and multifamily structures; and,
WHEREAS, currently only six states which does not include Georgia participate
in the HHF Blight Elimination Program; and,
WHEREAS, in order to participate in the HHF Blight Elimination Program a state
must make a request to the Treasury Department and develop a program that
allows administration that provides adequate oversight, accountability and
transparency.
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA HEREBY RESOLVES:
In order that Columbus, Georgia may have access to HHF Blight
Elimination funds this Council requests that DCA submit a request to the
Treasury Department to release HHF funding to be used for a Georgia Blight
Elimination Program and establish program criteria that will allow for
successful use of these funds.
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Introduced at a regular meeting of the Council of Columbus, Georgia held on the
_______ day of ____________, 2015, and adopted at said meeting by the
affirmative vote of ______ members of Council.
Councilor Allen_____________.
Councilor Baker_____________.
Councilor Barnes____________.
Councilor Buck______________.
Councilor Davis_____________.
Councilor Henderson_________.
Councilor Huff______________.
Councilor Pugh______________.
Councilor Thomas____________.
Councilor Woodson___________.
__________________________ _______________________
TINY B. WASHINGTON Evelyn Turner-Pugh
CLERK OF COUNCIL Mayor Pro Tem
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