Label
U.S. Department of the Treasury
Emergency Rental Assistance Funding Reallocation
Department of Housing and Community Development
Rosalyn Clemens (x3647)
Revised
Title
Amending Ordinance 662-22 by revising Schedule A; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City of Toledo applied for and was approved to receive Voluntarily Reallocated ERA2 supplemental funding in the amount of $34,025,186.76 from the U.S. Department of Treasury for the administration of the ERA Program. Eligible uses for ERA2 supplemental funds include: Housing Stability Services, Program Administration, Direct Rental Assistance and Affordable Housing Development and/or Preservation. The deadline for expenditure of ERA 2 funding is September 30 of 2025.
Ordinance 662-22 authorized the acceptance, deposit, appropriation and expenditure of Voluntarily Reallocated ERA 2 funding in accordance with Ordinance 662-22 Schedule A.
The purpose of this Ordinance is to revise Ordinance 662-22 Schedule A to decrease Program Administration and Housing Stability Services allocations; and increase line items for Affordable Housing Development and/or Preservation and Direct Rental Assistance. The financial impact of this Ordinance is to revise Schedule A of Ordinance 662-22 to reduce program administration and housing stability allocations; and increase Affordable Housing Development and/or Preservation and Direct Rental Assistance allocations.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the original Schedule A referenced in Section 2 of Ordinance 662-22 is amended as per the attached revised Schedule A.
SECTION 2. That this Ordinance is declared an emergency measure and shall take effect and be in force from and after its passage. The reason for the emergency lies in the fact that it is necessary for the immediate preservation of the public peace, health, safety and property, and for the further reason that it must be immediately effective in order to permit the City to operate the ERA 2 Program to meet the September 2025 deadline for expenditure of funds.
Vote on emergency clause: yeas _____, nays _____.
Passed: _________________, as an emergency measure: yeas _____, nays _____.
Attest: ________________________ __________________________________
Clerk of Council President of Council
Approved: _____________________ __________________________________
Mayor
I hereby certify that the above is a true and correct copy of an Ordinance passed by Council ________________________.
Attest: ________________________
Clerk of Council