Agenda Item Name:
Title
Emergency Rental Assistance Program 2 Reallocated Funds
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Presenter:
Claudia Tuck, 352-264-6704
Description:
ERA-2 Reallocated Fund in the amount of $7,232,650.86, unanticipated revenue for ERA-2, Budget Amendment to add budget to ERA-2.
Recommended Action:
Recommended Action
Accept the ERA-2 Reallocated Funds award and the unanticipated revenue for ERA-2, approve budget resolution and attached budget amendment for the award. Authorize the County Manager to accept ERA-2 refunds for reallocation within 10% of the total award.
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Prior Board Motions:
01/26/2021: Accepted U.S. Treasury Award of ERA Funds
02/23/2021: Approved agreement with CRI for Program Administration and provided policy direction
03/09/2021: 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
02/08/2022: Accepted U.S. Treasury Awards of ERA 1 Reallocated Funds
04/24/2022: $124,632.64-Refunds of prior year payments and $693,559.93 -ERA-1 Reallocated Funds-Round 2 Award
08/09/2022: Accepted U.S. Treasury Award of ERA 1 Reallocated Funds Round 3
Fiscal Consideration:
Fiscal Consideration
230.00.0060.331.2000 - $7,232,651
230.00.0060.525.12.10 - $180,000
230.00.0060.525.31.00 - $900,000
230.00.0060.525.49.01 - $4,000,000
230.00.0060.525.49.93 - $2,152,615
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Strategic Guide:
Strategic Guide
Social and Economic Opportunity
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Background:
Community Support Services will bring an expenditure plan back in front of the board as new regulations allow for more flexibility on serving the community.
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 ...
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