Agenda Item Name:
Title
Emergency Rental Assistance Program Update
End
Presenter:
Claudia Tuck, (352) 264-6704
April Shuping, CRI
Description:
Update on ERA 1 & 2 Funding and Outputs
Recommended Action:
Recommended Action
N/A
End
Prior Board Motions:
P01/26/2021: Accepted U.S. Treasury Award of ERA Funds
02/23/2021: Approved agreement with CRI for Program Administration and provided policy direction
03/9/2021: Approved program policies
06/22/2021: Accepted U.S. Treasury Award of ERA 2 Funds
09/28/2021: Approval of 2 FTE to support ERAP
2/8/2022: Accepted U.S. Treasury Awards of ERA 1 Reallocated Funds
Fiscal Consideration:
Fiscal Consideration
No fiscal impact for update and policy direction
End
Strategic Guide:
Strategic Guide
All Other Mandatory and Discretionary Services
End
Background:
The U.S. Department of the Treasury Emergency Rental Assistance program (ERAP) made available $25 billion to assist eligible households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds were provided directly to states, U.S. territories, local governments with more than 200,000 residents, and Indian tribes. Grantees were to use the funds to provide assistance to eligible households through existing or newly created rental assistance programs.
The U.S. Department of the Treasury provided guidance that the ERA Grantee may request Reallocated Funds if at least 65% of the total ERA awarded funds had been obligated and the jurisdiction demonstrated a need for the ERA funds requested. On November 2, 2021, a request for Reallocated Funds was made to the U.S. Department of the Treasury Rental Assistance Program for an additional $5,466,170.00 of ERA funds. The U.S. Department of the Treasury approved the request for Reallocated Funds in the amount of $149,381.45. On November 10, 2021, a second request was made to the U.S. Department of Treasury Rental Assistance Program for an additional $5,316,788.55 of ERA funds. The U.S Department of Treasury approved the second request for Reallocated Funds in the amount of $693,559.93.
Hear presentation from April Shuping, CRI. See attached PowerPoint