Agenda Item Name:
Title
First Amendment to the Subrecipient Agreement with Florida Housing Finance Corporation for the Use of Coronavirus Relief Funds
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Presenter:
Candie Nixon 352-264-6717
Description:
Florida Housing Finance Corporation Coronavirus Relief Funds (CRF)
Recommended Action:
Recommended Action
Approve the First Amendment to the CARES Act Funding Subrecipient Agreement with Florida House Finance Corporation;
Adopt Resolution approving a Budget Amendment to receive additional grant funding awarded by the First Amendment;
Approve the Staff Recommendations set forth in the Background section regarding the program by which the County will expend the funding, and authorize staff to administer the program in accordance with the CARES Act Funding Subrecipient Agreement.
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Prior Board Motions:
Sub-recipient Agreement approved on 8/11/2020
Fiscal Consideration:
Fiscal Consideration
$230,207.00
Fund 154 various accounts
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Background:
On 8/11/2020, the Board of County Commissioners approved the Coronavirus Subrecipient Agreement with the Florida Housing Finance Corporation. The agreement, in response to COVID-19 recognizes the disruptions of Florida’s economy resulting in high rates of unemployment and business closures. The funding is to alleviate the burdens of Floridians that were impacted by the pandemic and who are in need of assistance with rental payments, mortgage payments, and home repairs. The Florida Housing Finance Corporation has allocated additional funding to support this initiative bringing the total to $556,533.00. The initial allocation received was $353,326.00. Additional funding awarded by the First Amendment is in the amount of $203,207.00.
The County’s Department of Community Support Services is responsible for the administration of the CRF Funds via the Division of Housing Programs.
Staff recommends the use of the funding for the period of April 1, 2020-December 30, 2020 in the following way(s):
1. Rental, Mortgage and Utility Assistance (arrears and deposits)
2. Foreclosure Prevention
3. Eviction Diversion
4. Emergency Home Repairs
5. Housing Re-entry Assistance (security deposits, utility deposits, and temporary store of household furnishings).
All applicants must meet the following core requirements:
• At or below 120% of AMI
• Documented proof of COVID-19 Impact
• Total award to be based on applicant’s need, not to exceed $10,000 per household
• An applicant’s “need” determination will take into consideration any other CARES Act Funding, if any, received by the applicant