Title
Appropriation of CDBG Funds for COVID-19 Rent Relief Program
Recommended Action
Approve the appropriation of $1.134 million in Federal Community Development Block Grant funds to augment the City’s COVID-19 Rent Relief Program, composed of the following (Five votes required):
1. Council approval of a substantial amendment to the Fiscal Year 2019-20 Action Plan to provide funding for the COVID-19 Rent Relief Program, which is an eligible Department of Housing and Urban Development activity in response to COVID-19, consisting of:
a. Reallocation of $786,000 of Community Development Block Grant funding, including $352,000 originally awarded to Palo Alto Housing Corporation’s 950 West El Camino Real affordable housing project, $83,000 from MidPen Housing’s Fountain Apartments rehabilitation project, as a result of the Community Development Block Grant funding no longer being needed for either project, and $351,000 available from prior year allocations.
2. Council appropriation of Community Development Block Grant funds described below for the COVID-19 Rent Relief Program:
a. Reallocation of the aforementioned $786,000 of Community Development Block Grant funding.
b. Allocation of $348,702 of Mountain View’s future Community Development Block Grant funds made available through the Federal stimulus Coronavirus Aid, Relief, and Economic Security Act.