Fiscal Note
The proposed resolution authorizes the allocation of $424,000 in Emergency Rental Assistance (ERA) funds to Lutheran Social Services (LSS) to provide rental assistance and housing stability services to several tenants at Tree Lane and Rethke Terrace Apartments. It further authorizes the Mayor and City Clerk to enter into a contract with LSS to provide such services. The contract will be funded by remaining Emergency Rental Assistance (ERA2) funds authorized in the 2024 Adopted Operating Budget (Munis project #76121). No additional City appropriation required.
Title
Authorizing the use of up to $424,000 of Emergency Rental Assistance funds to award to Lutheran Social Services to support rental assistance and support services for residents living at 7933 Tree Lane and 715 Rethke Avenue, and authorizing the Mayor and City Clerk to enter into a contract with LSS. (District 9 and District 12)
Body
The financial resources drawn on to support the development and operations of properties at 7933 Tree Lane and 715 Rethke Avenue restricted the population of tenants eligible to live at those properties to households with incomes at or below 60% of the County Median Income (CMI). The Tenant Selection Plans further required that property management, for 40 of the 45 units at Tree Lane and 54 of the 60 units at Rethke, take referrals for tenants from Dane County’s Coordinated Entry list. Rental assistance for those tenants was provided through Project Based Vouchers (PBVs) assigned to the properties by the Madison Community Development Authority and the Dane County Housing Authority. Tenants contribute 30% of their incomes toward rent; the PBV covers the balance of approved rents.
Those units for which PBVs were not assigned - 5 at Tree Lane and 6 at Rethke - were reserved for households earning not more than 30% of CMI. Unlike tenants supported with PBVs, tenants in non-vouchered units are obligated to pay established rents, without regard to any changes tha...
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