CITY OF SEATTLE

ORDINANCE __________________

COUNCIL BILL __________________

AN ORDINANCE relating to the use of federal HOME Investment Partnerships Program funds; amending the 2013 Consolidated Plan annual action plan to reallocate funds out of homebuyer activities into rental housing activities.

WHEREAS, the 2013 Annual Action Plan component of the City’s 2009-2012 Consolidated Plan for Housing and Community Development, as adopted by Ordinance 124055, included $220,015 in HOME Investment Partnerships funds for homebuyer activities; and

WHEREAS, there is an accumulation of under-expended funds from prior years amounting to $495,848 in HOME Investment Partnerships funds; and

WHEREAS, these funds have not been fully expended and the Office of Housing has determined that a more timely and effective use of the unexpended funds is in rental housing preservation and development activities; NOW, THEREFORE,

BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:

Section 1. The 2013 Annual Action Plan component of the City’s 2009-2012 Consolidated Plan for Housing and Community Development, as adopted by Ordinance 124055, is amended to decrease the HOME Investment Partnerships Program funding for the Homebuyer Program activity by $220,015, to allocate $495,848 of under-expended funds from prior years, and to increase the HOME Investment Partnerships Program funding for the Rental Housing Preservation and Development activity by $715,863.

Section 2. The Director of the Human Services Department is authorized to make any conforming changes that may be necessary to other portions of the affected consolidated plans and annual action plans to reflect the changes adopted in this ordinance and to provide any formal submittals to the United States Department of Housing and Urban Development to effectuate the changes adopted in this ordinance.

Section 3. This ordinance shall take effect and be in force 30 days after its approval by the Mayor, but if not approved and returned by the Mayor within ten days after presentation, it shall take effect as provided by Seattle Municipal Code Section 1.04.020.

Passed by the City Council the ________ day of _________________________, 2017, and signed by me in open session in authentication of its passage this _____ day of _________________________, 2017.

____________________________________

President ____________ of the City Council

Approved by me this ________ day of _________________________, 2017.

____________________________________

Edward B. Murray, Mayor

Filed by me this ________ day of _________________________, 2017.

____________________________________

Monica Martinez Simmons, City Clerk

(Seal)