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Meeting Date:	01/25/2021
National Association of Counties - CARES Act Funds
Submitted for:	Margarita Garza	Submitted By:	Margarita Garza
Department:	Water Utilities

Subject:

Discussion with possible action to ratify the development, submission, and acceptance of the National Association of Counties CARES Act Funding - COVID-19 Rental Assistance in an amount not to exceed $422,573 Dollars based on formula allocation from the U.S. Department of Treasury. All required documents were sent for review through the Economic Development Department and the solicitation is compliant with the Webb County Single Point of Contact (SPOC) procedures. [Requested by Economic Development Director, James E. Flores]

Issue: COVID-19 has caused financial distress to many residents in Webb County. This has been accentuated especially in the cost of housing and rental properties.

Solution: To submit funding for Federal Emergency Rental Assistance to provide financial assistance for eligible Webb County Residents financially affected by the Coronavirus pandemic.

Result: Provide financial assistance to eligible Webb County residents struggling to make rental and utility payments.

Background:

On December 27, Congress passed and the president signed the Consolidated Appropriations Act of 2021, which established a new $25 billion Federal Emergency Rental Assistance Program for state, county and municipal governments with populations of over 2000,000 people to assist families struggling to make rental and utility payments.

Previous Court Action:

N/A

Fiscal Impact

Budget Account Number:	N/A
Funding Source:	N/A
Balance:	N/A
Financial Impact:
No match is required, therefore there is no impact to the General Fund.