Agenda Item Name:
Title
U.S. Dept. of Treasury Emergency Rental Assistance 2 (ERA-2) Program
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Presenter:
Claudia Tuck 352-264-6704
Description:
U.S. Dept. of Treasury Emergency Rental Assistance 2 (ERA-2) Program
Recommended Action:
Recommended Action
Accept grant award, approve resolution, approve budget amendment for unanticipated revenue and approve agreement with Carr, Riggs and Ingram (CRI).
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Prior Board Motions:
None
Fiscal Consideration:
Fiscal Consideration
GL Accounts:
230.00.0060.331.2000
230.00.0060.525.XX.XX Various Accounts
$9,701,662.10
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Background:
Even as the American economy continues its recovery from the devastating impact of the pandemic, millions of Americans face deep rental debt and fear evictions and the loss of basic housing security. COVID-19 has exacerbated an affordable housing crisis that predated the pandemic and that has exacerbated deep disparities that threaten the strength of an economic recovery that must work for everyone.
To meet this need, the Emergency Rental Assistance program makes funding available to assist households that are unable to pay rent or utilities. Two separate programs have been established: ERA1 provides up to $25 billion under the Consolidated Appropriations Act, 2021, which was enacted on December 27, 2020, and ERA2 provides up to $21.55 billion under the American Rescue Plan Act of 2021, which was enacted on March 11, 2021. The funds are provided directly to states, U.S. territories, local governments, and (in the case of ERA1) Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance programs.
ERA2 payments are made directly to states (including the District of Columbia), U.S. territories (Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa), and local governments with more than 200,000 residents. ERA2 sets aside $2.5 billio...
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