Label
COVID-19 Treasury Funds
City County Emergency Rental Assistance Program
Department of Neighborhoods
Rosalyn Clemens (x3647)
Revised
Title
Authorizing the Mayor to accept and deposit $4,597,468.03 in United States Treasury Funds from the Lucas County Board of Commissioners for the purpose of implementing a Second Emergency Rental Assistance Program for low to moderate income participants; authorizing the Mayor to execute an agreement with the Lucas County Board of Commissioners for the sole authority to disburse, manage and administer Emergency Rental Assistance Program on its behalf; authorizing the appropriation and expenditure these funds on behalf of Lucas County Board of Commissioners as their fiscal agent in accordance with Ohio law; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This legislation provides additional funding for emergency rental assistance in response to the COVID-19 global pandemic. This pandemic has led to a reduction in employment that has destabilized income and threatened housing security for millions of Americans. In response, the United States Treasury Department has awarded local governments grants to bridge the hardships experienced by its residents with direct financial relief. Therefore, the City of Toledo and Lucas County Board of Commissioners with this legislation will consolidate financial resources and implement an emergency rental assistance program ("Program") to assist residents of the City and County with housing and utility expenses.
The United States Treasury Department has awarded both the City and County funds for the Program and this legislation authorizes the acceptance and deposit of the funds from Lucas County to the City in the amount of $4,597,468.03. By accepting these funds, the City can utilize its capacity to administer, manage, and disburse funds to residents in Lucas County.
The financial impact of this Ordinance is the receipt of $4,597,468.03 from Lucas County to the City of ...
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