Agenda Item Name:
Title
U.S. Dept. of the Treasury Rental Assistance Program
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Presenter:
Claudia Tuck 352-264-6704
Description:
U.S. Dept. of the Treasury Rental Assistance Program
Recommended Action:
Recommended Action
Accept grant award, approve attached budget amendment and provide staff guidance.
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Prior Board Motions:
None
Fiscal Consideration:
Fiscal Consideration
$8,123,938.40 grant award
Fund 154 various accounts
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Background:
The Emergency Rental Assistance program makes available $25 billion to assist eligible households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to States, U.S. Territories, local governments with more than 200,000 residents, and Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance programs.
Eligible grantees must provide payment information and sign the acceptance of award terms form. Completed payment information and a signed acceptance of award terms form generally must be submitted not later than 11:59 p.m. EDT on January 12, 2021, to ensure payments are made within the 30-day period specified by the statute.
Not less than 90 percent of awarded funds must be used for direct financial assistance, including rent, rental arrears, utilities and home energy costs, utilities and home energy costs arrears, and other expenses related to housing. Remaining funds are available for housing stability services, including case management and other services intended to keep households stably housed, and administrative costs. Funds generally expire on December 31, 2021.
An "eligible household" is defined as a renter household in which at least one or more individuals meets the following criteria:
i. Qualifies for unemployment or has experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19;
ii. Demonstrates a...
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