Fiscal Note
The proposed resolution re-authorizes the $25.3 million of Emergency Rental Assistance (ERA) awarded to the City of Madison and authorizes an additional $10 million of ERA directly from the U.S. Treasury Department. The $25.3 million was originally authorized by adopted RES-21-00371 (Legistar File #65271) and adopted RES-21-00557 (Legistar File #66681), which was pass-through funding from the U.S. Treasury Department through the State of Wisconsin to the City of Madison. This resolution voids the contract between the State of Wisconsin and City of Madison for the $25.3 million and replaces it with a contract between the U.S. Treasury Department and the City of Madison for the same $25.3 million already authorized and appropriated in CDD’s 2021 operating budget. This resolution also authorizes an additional $10 million of ERA funding from the U.S. Treasury Department, for a total of $35.3 million, and amends the Community Development Division’s 2021 adopted operating budget to appropriate the additional $10 million for ERA.
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SUBSTITUTE: Authorizing the acceptance, from the U.S. Treasury, of a direct obligation to the City of Madison of Emergency Rental Assistance Funds, in the amount of $35 million, made available under the Consolidated Appropriations Act, 2021 (HR 133); amending the City’s 2021 Adopted Operating Budget to reflect $10 million of that total which represents new funds not previously offered to and accepted by the City; and authorizing the Mayor and Clerk to sign any amendments to contracts with Benevate Inc, Community Action Coalition of South Central Wisconsin and the Tenant Resource Center necessary to utilize these funds.
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Background:
In the wake of the COVID-19 pandemic, the U.S. Congress has appropriated significant resources to state and local governments for use in preventing evictions brought on by economic hardship and otherwise promoting housing stability. The Consolidated Appropriations Act, 2021 (HR 133) autho...
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