RECOMMENDATION(S):
APPROVE and AUTHORIZE the Employment and Human Services Director, or designee, to amend nonfinancial contract with 1st Northern California Credit Union, a nonprofit corporation, to increase auto loan amount from $5,000 to $6,000 for the Keeping Employment Equals Your Success Auto Loan Program, with no change in the term of July 1, 2021 through June 30, 2022.
FISCAL IMPACT:
None. This is a nonfinancial contract.
BACKGROUND:
The Employment and Human Services Department created the Keeping Employment Equals Your Success (KEYS) Auto Loan Program for California Work Opportunity and Responsibility to Kids Act (CalWORKs) participants who need a personal automobile to complete their transition to self-sufficiency. The KEYS Auto Loan Program targets CalWORKs participants and in coordination with the 1st Northern California Credit Union (Credit Union), provides automobile loans for participants who meet loan criteria. This contract outlines the Credit Union's no-fee facilitation responsibilities.
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