RECOMMENDATION(S):
RATIFY execution by the County Administrator of a grant award agreement with the U.S. Department of the Treasury in the amount of $38,948,950.40 for the American Rescue Plan - Emergency Rental Assistance Program 2 direct allocation to Contra Costa County.
FISCAL IMPACT:
$38,941,950.40; 100% Federal, No County match. Funding will be distributed by the U.S. Treasury Department to the County in May 2021. Funding must be spent by September 30, 2025.
BACKGROUND:
The Emergency Rental Assistance (ERA) program makes funding available to assist households that are unable to pay rent or utilities. Two separate programs have been established: ERA1 provides up to $25 billion under the Consolidated Appropriations Act, 2021, which was enacted on December 27, 2020, and ERA2 provides up to $21.55 billion under the American Rescue Plan Act of 2021, which was enacted on March 11, 2021. The funds are provided directly to states, U.S. territories, local governments, and (in the case of ERA1) Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance programs.
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