...Title
City’s COVID-19 Response and Recovery: Emergency Rental Assistance Program.
...Recommendations
(a) Adopt a resolution to:
(1) Authorize the City of San José’s participation in the State of California’s Emergency Rental Assistance Program Round Two (“ERA2”) using U.S. Treasury Emergency Rental Assistance funds, including making any necessary arrangements to effectuate the Department of Housing and Community Development (the “Department”) receipt of the City’s ERA2 allocation for the purpose of administering it for and on behalf of the City;
(2) Authorize the City Manager to negotiate and execute a Standard Agreement with the State for the City’s participation in the State ERA2 Program, including any amendments and revisions to said agreements and any necessary documents to effectuate the agreement, whether under State or Federal law, to govern the administration of the City’s ERA2 allocation for and on behalf of the City;
(3) Authorize the City Manager to accept a grant from the Department in the amount of $1,088,336 of ERA2 Funds (not to exceed 3% of City’s ERA2 award) from the State to fund the City’s administrative and program outreach costs; and
(4) Authorize the City Manager to submit an application to Local Initiatives Support Corporation (“LISC”), the State’s ERA program contracted implementer, to become a local partner network for the State’s ERA Program in order to receive funding to continue local outreach and assistance.
(b) Adopt the following Funding Sources Resolution and Appropriation Ordinance amendment in the Emergency Reserve Fund:
(1) Decrease the estimate for Revenue from Federal Government by $13,422,819; and
(2) Decrease the Resident Relief - Housing Stabilization appropriation by $13,422,819.
CEQA: Not a Project, File No. PP17-009, Staff Reports, Assessments, Annual Reports, and Informational Memos that involve no approvals of any City action. (Housing/City Manager)