Item3d_ARPA_CDC presentation_2021.07.13 — original pdf
Backup
American Rescue Plan Act (ARPA) Community Development Commission July 13, 2021 Presented by City of Austin Financial Services Department 1 City of Austin ARPA funds 2 City of Austin ARPA funding Program Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) Grant: Emergency Rental Assistance Program, Phase 2 (ERA2) Grant: HOME‐ARP City of Austin Allocation $188,482,478.00 $35,312,852.70 $11,441,252.00 3 Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) • Eligible uses: • Support public health expenditures, by, for example, funding COVID‐19 mitigation efforts, medical expenses, behavioral healthcare, and certain public health and safety staff • Address negative economic impacts caused by the public health emergency, including economic harms to workers, households, small businesses, impacted industries, and the public sector • Replace lost public sector revenue, using this funding to provide government services to the extent of the reduction in revenue experienced due to the pandemic • Provide premium pay for essential workers, offering additional support to those who have and will bear the greatest health risks because of their service in critical infrastructure sectors • Invest in water, sewer, and broadband infrastructure, making necessary investments to improve access to clean drinking water, support vital wastewater and stormwater infrastructure, and to expand access to broadband internet Source: https://home.treasury.gov/policy‐issues/coronavirus/assistance‐for‐state‐local‐and‐tribal‐ governments/state‐and‐local‐fiscal‐recovery‐funds 4 Coronavirus State and Local Fiscal Recovery Funds (CSLFRF), continued • Ineligible uses: • Deposits into a pension fund (in excess of regular contributions) • Funding debt service • Legal settlements or judgments • Deposits to rainy day funds or financial reserves • General infrastructure spending outside of water, sewer and broadband investments • Funds to be received in two tranches (May 2021 and May 2022) • Spending must be complete by December 31, 2024 5 Emergency Rental Assistance Program, Phase 2 • Eligible uses: • At least 90 percent of awarded funds must be used for direct financial assistance, including rent, rental arrears, utilities and home energy costs, utilities and home energy costs arrears, and other expenses related to housing. • Remaining funds are available for housing stability services, including case management and other services intended to keep households stably housed. Source: https://home.treasury.gov/policy‐issues/coronavirus/assistance‐for‐state‐local‐and‐tribal‐ governments/emergency‐rental‐assistance‐program • Spending must be complete by September 30, 2025 6 HUD – HOME‐ARP • Eligible uses: • Production or preservation of affordable housing • Tenant‐based rental assistance • Supportive Services, including homelessness prevention counseling and housing counseling • Purchase and development of non‐congregate shelters • Administrative and operating funding • Qualifying populations • Homelessness • At risk of homelessness • Fleeing, or attempting to flee, domestic violence, dating violence, sexual assault, stalking, or • human trafficking In other populations where providing supportive services or assistance would prevent the family’s homelessness or would serve those with the greatest risk of housing instability; • Veterans and families that include a veteran family member that meet one of the preceding criteria. • Spending must be complete by September 30, 2029 Source: https://www.hud.gov/program_offices/comm_planning/home‐arp 7 City of Austin ARPA funds spending plan Adopted by City Council, June 10, 2021 8 City of Austin Spending Framework Program Area Sources of Funds Item ARPA Grant: Home Grant: RENT Budget Stabilization Available Dollars Health Homelessness Economic Dev. Resilience Creative Sector Uses of Funds COVID - APH Navigators Colony Park Sustainable Community Health Center Homelessness General (incl. HEAL, "3K in 3Yr") Grant: HOME Emergency Shelter Capacity Building Homelessness: Workforce (WFS, TOOF, etc) Childcare/Childhood/Family Connects Workforce: General (WFS, Capitol Idea, etc) Workforce: Austin Civilian Conservation Corps (ACCC) Workforce: ACCC (Homeless and/or Creative Sector Focus) Food Security/Food Access Resilience Hubs Non-Profit Emergency Relief - Arts / Music Arts Music Emergency Relief Rental Assistance Contingency Individual Assistance (add'l eviction support if needed) Excess over 12% in Budget Stabilization Reserve Total Program Budget Program Budget $ $ $ $ 188.4 11.4 35.3 28.4 $ 263.5 44.3 $ $ 0.5 $ 1.5 $ 88.6 $ 11.4 $ 4.2 $ 0.5 $ 2.0 $ 11.0 $ 15.0 $ 5.0 $ 1.0 $ 3.0 $ 3.0 $ 2.0 $ 6.0 $ 4.0 $ 35.3 $ 6.7 $ 18.5 $ 263.5 9 Questions? 10