Label
HOME-American Rescue Plan Act of 2021 Funding
Department of Housing and Community Development
Rosalyn Clemens x3647
Revised
Title
Authorizing the Mayor to enter into a grant agreement with the U.S. Department of Housing and Urban Development (HUD) for the purpose of accepting and depositing an additional $11,826 for the HOME Investment Partnerships Program American Rescue Plan Act of 2021 (HOME-ARP) Grant; authorizing the appropriation and expenditure of said funds; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City of Toledo through Ordinance 620-21 received an initial tranche of $395,046.60 for administrative and planning costs including the development of a HOME-ARP Allocation Plan. Ordinance 663-22 authorized the City of Toledo to accept and appropriate the remaining balance of $7,505,885.40 from the U.S. Department of Housing and Urban Development (HUD) for HOME-ARP totaling $7,900,932.
HUD has since notified the City of a final adjustment to the total award amount, resulting in an additional $11,826 in HOME-ARP funds for a total of $7,912,758.00. These funds are to be used in accordance with federal HOME-ARP regulations and local plans adopted under the FY 2021-2022 Annual Action Plan and its substantial amendment.
This legislation reflects the increase in federal funding and authorizes its appropriation and expenditure to support eligible HOME-ARP activities that assist qualifying populations. The HOME-ARP Allocation plan budget shall increase by $11,826 as shown in Schedule A.
The financial impact of this ordinance is the acceptance and use of an additional $11,826 from HUD to support housing, services, and shelter for HOME-ARP qualifying populations.
Summary
NOW THEREFORE Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into a grant agreement with the U.S. Department of Housing and Urban Development and to accept and deposit an additional $11,826 into the HOME Progra...
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