Fiscal Note
The proposed resolution amends the Community Development Division’s (CDD) 2022 operating budget to accept up to $189,000 from Dane County and increase corresponding expenses for purchased services for the use of Benevate Inc.’s Neighborly Software system. The increase reflects the County’s portion of administration fees for the use of the Neighborly Software system, which is used to administer Federal Emergency Rental Assistance Funds. The resolution would also authorize the City to amend the contract between the City and Benevate Inc. to reflect increased fees.
Title
SUBSTITUTE: Authorizing an amendment to the contract between the City of Madison and Benevate Inc., which governs the use of Benevate Inc.’s Neighborly Software system in administering Federal Emergency Rental Assistance funds provided to the City and amending the 2022 Community Development Division operating budget to accept up to $189,000 from Dane County for to pay administration fees for use of that system.
Body
Background
On December 21, 2020, Congress enacted the Consolidated Appropriations Act, 2021 (H.R. 133, Public Law 116-260, a/k/a "COVID Relief Act"), which included $25 billion in Emergency Rental Assistance Program funding ("ERA1") to be distributed by the U.S. Treasury Department to state and local governments for use in preventing evictions and promoting housing stability among households affected by the COVID-19 pandemic. The City of Madison has received a direct ERA1 allocation of nearly $7.8 million (RES-21-00042, Legistar File #63792) and a re-allocation of ERA1 funds in the amount of $35 million (RES-21-00810, Legistar File #68341). The City has also received its final re-allocation of ERA1 funds from the U.S. Treasury Department, approximately $608,000. The COVID Relief Act requires that these funds be distributed prior to September 30, 2022, though authorizes a possible three month extension.
On March 10, 2021, Congress enacted the American Rescue Plan Act of ...
Click here for full text