AgdaPkt 2021.03.22 Joint SA PFA - Laserfiche WebLink

Browse Search

8.A. - Page 4 of 18 # Project Name CDBG CDBG-CV CDBG-CV Total HOME Allocation First Second CDBG Allocation Allocation Allocation Community Housing $46,880 Development 19 Organization (CHDO) Pre -Development for $360,000 New Affordable 20 Housing 21 Shelter Rehabilitation $15,405 COVID-19 Emergency $321,000 $448,039 $149,222 $918,261 Rental Assistance 22 Program COVID-19 Childcare $275,000 $275,000 23 Provider Assistance CDBG-CV Planning & $218,066 $218,066 24 Administration Overview of the City's COVID-19 Emergency Assistance Program Under the CDBG regulations, short-term rental, mortgage, and utility assistance for low-income households is an eligible public services activity. The program provides stability to residents who have experienced reduced work hours or job loss due COVID-19 and provides stability to landlords as they receive these rent payments directly. As of February 19, 2021, the City has received 1,694 requests for rent assistance and has spent over $3 million. At least 18 additional households may be served with the $149,222 additional allocation of CDBG-CV funds. Through the federal Consolidated Appropriations Act of 2021 (The Act), adopted on December 27, 2020, California received $2.65 billion in Emergency Rental Assistance Program (ERAP) funds. A portion of the funds were given directly to the State while the remaining balance was provided directly to local jurisdictions with populations above 200,000, including San Mateo County. San Mateo County is expected to receive $22.8 million directly from the Federal ERAP and $24.5 million through the State's allocation. Although San Mateo County received a direct allocation of ERAP funds, the County opted to have their entire $47.3 million allocation administered through the State's ERAP under California Senate Bill (SB) 91. The State ERAP prioritizes funds first to eligible households with a household income of 50% or less of the Area Median Income (AMI), then to communities disproportionately impacted by COVID-19, as determined by the California Department of Housing and Community Development (HCD), and finally, to all other eligible households with a household income up to 80% of AMI. Conversely, CDBG-CV funds provide more flexibility and can serve individuals earning up to 80% AMI. The State ERAP covers up to 80% of any unpaid rent owed from April 1, 2020, through March 31, 2021 provided that the landlords agree to forgive the remaining 20% of rent owed for that period. If a landlord chooses not to participate Page 4 of 7 AL . City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 375