Submitted By
Tammie Grossman, Director, Development Customer Services
Reviewed By
AMZ
Agenda Item Title
Title
A Resolution Approving a Funding Grant Agreement Between the Village of Oak Park and Housing Forward in an Amount Not to Exceed $500,000 and Authorizing its Execution
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Overview
Overview
On May 24, 2021 the Village Manager presented a plan for use of the American Rescue Plan Act (ARPA) funds. As part of that presentation, there was a recommendation for immediate release of a portion of the funds for various services and expenses in FY 21. These services and expenses included lost revenues, pandemic expenses, essential worker compensation, food insecurities & rental assistance and local businesses recovery. On July 6, 2021, Village staff presented a recommendation to the Village Board to provide funding to Housing Forward in the amount of $500,000 from the Village's American Rescue Plan Act (ARPA) funds related to the category of rental assistance and homelessness. This item is a follow-up to that conversation. Attached to this item is an agreement which outlines the scope of work for these funds.
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Recommendation
Recommendation
Approve the Resolution
Fiscal Impact
Under the American Rescue Plan Coronavirus State and Local Fiscal Recovery Funds, the Village of Oak Park's allotment is $38,984,402.00, of which, $19,492,201 has already been received.
On May 24, 2021, the Village Manager recommended various immediate needs in FY 21, this included ongoing emergency aide to individual residents in categories such as a food and rental assistance.
On June 15, 2020, the Village Board awarded Housing Forward $400,000.00 in Community Development Block Grant-Corona Virus (CDBG-CV) funds to provide rental, mortgage, and utility assistance to low-and moderate-income households. To date, Housing Forward has spent approximately 25% of this CDBG-CV funding.
On July 6, 2021, staff presented a more detailed plan for the FY 21 ARPA recommendation...
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