DISCUSSION ITEM
SPONSOR: City Council President Jared Moore
SUBJECT:
title
AMERICAN RESCUE PLAN ACT (ARPA) FUNDING RELATED TO HOMELESSNESS AND AFFORDABLE HOUSING
end
SUMMARY:
The American Rescue Plan (ARP) Act of 2021 is a $1.9 trillion economic stimulus bill. Within the ARP, the Coronavirus Local Fiscal Recovery Fund provides $350 billion for states, municipalities, counties, tribes, and territories, including $130 billion for local governments spilt evenly between municipalities and counties.
The City of Pensacola is schedule to receive about $19,100,000. The City has received guidance from the Treasury Department and as a result, staff has created a draft expenditure plan for these funds.
This item seeks to discuss the use of ARPA funds as related to homelessness and affordable housing.
PRIOR ACTION:
June 17, 2021 - City Council approved expenditures of ARPA funds in the amount of $6,674,640 for Recovery of Loss, Grant Compliance and Administration and Facility Improvements.
STAFF CONTACT:
Don Kraher, Council Executive
Keith Wilkins, City Administrator
Amy Lovoy, Finance Director
ATTACHMENTS:
1) American Rescue Plan Act Proposed Projects
PRESENTATION: Yes