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Legislation #: 140414 Introduction Date: 5/22/2014
Type: Ordinance Effective Date: none
Sponsor: None
Title: Authorizing the Director of Neighborhoods and Housing Services to execute a contract with Neighborhood Housing Services of Kansas City, Inc. in the amount of $300,000.00 for the purpose of administering a second mortgage loan down payment assistance program from funds appropriated in the HOME Investment Fund and designating requisitioning authority.

Legislation History
DateMinutesDescription
5/22/2014 Filed by the Clerk's office
5/22/2014 Referred to Neighborhoods, Housing & Healthy Communities
5/28/2014 Advance and Do Pass, Debate
5/29/2014 Passed

View Attachments
FileTypeSizeDescription
140414.pdf Authenticated 100K Authenticated
140414 Fiscal Note.pdf Fiscal Note 15K Fiscal Note
140414 Fact Sheet.pdf Fact Sheet 199K Fact Sheet

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ORDINANCE NO. 140414

 

Authorizing the Director of Neighborhoods and Housing Services to execute a contract with Neighborhood Housing Services of Kansas City, Inc. in the amount of $300,000.00 for the purpose of administering a second mortgage loan down payment assistance program from funds appropriated in the HOME Investment Fund and designating requisitioning authority.

 

WHEREAS, the City desires to allocate funding from the U.S. Department of Housing and Urban Development’s HOME Investment Partnerships Program (“HOME”) for the purpose of providing eligible applicants with down payment and closing cost assistance through forgivable loans toward the purchase of a home; and

 

WHEREAS, the City has selected Neighborhood Housing Services of Kansas City, Inc. (“NHS”) as part of its 2014 One Year Action Plan to administer the second mortgage loan down payment assistance program for the City; and

 

WHEREAS, NHS has satisfactorily administered a second mortgage loan down payment assistance program for the City in the past; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY, MISSOURI:

 

Section 1. That the Director of Neighborhoods and Housing Services is hereby authorized to execute a contract with Neighborhood Housing Services of Kansas City, Inc. in the amount of $300,000.00 for the purpose of administering a second mortgage loan down payment assistance program for the City from funds appropriated in Account No. 15-2940-575325-B-G57HOME14, HOME Investment Fund.

 

Section 2. That the Director of Neighborhoods and Housing Services is hereby designated as requisitioning authority of Account No. 15-2940-575325.

 

_____________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

___________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Nicole Rowlette

Assistant City Attorney