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).
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
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