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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #9499 Date: 08/10/2021 Commission Meeting Date: 10/28/2021 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Allocate - Emergency Rental Assistance Program 2 Funds Purpose of Item: AUTHORIZING THE ALLOCATION OF EMERGENCY RENTAL ASSISTANCE PROGRAM 2 ("ERA2") FUNDS IN AN AMOUNT OF $22,779,317.10 FROM THE UNITED STATES DEPARTMENT OF THE TREASURY, AS SHOWN IN EXHIBIT "A" ATTACHED, AND APPROVING THE PROGRAM SUMMARY FOR THE CITY'S EMERGENCY RENTAL ASSISTANCE PROGRAM, TO PROVIDE FINANCIAL ASSISTANCE AND HOUSING STABILITY TO ELIGIBLE HOUSEHOLDS AS DESCRIBED IN EXHIBIT "B" ATTACHED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO IMPLEMENT THE ALLOCATION, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. Background of Item: On July 22, 2021, pursuant to Resolution No. 21-0311, the City of Miami accepted the amount of $22,779,317.10 from the United States Department of the Treasury ("Treasury") to establish of an Emergency Rental Assistance Program 2. The funds must be allocated to continue promoting housing stability for eligible households as stipulated in the guidance from the Treasury. ERAP 2 funds must be spent by September 30, 2025. The City has received an amount of $9,111,726.84 corresponding to 40% of the total funds expected from the U.S. Department of the Treasury. The rest of the funds will be contingent on the ability of the City to spend more than 75% of the funds already sent to the City. The City's Administration recommends the allocation of the Emergency Rental Assistance Program 2 ("ERA2") funds in an amount of $22,779,317.10 from United States Department of the Treasury, as shown in Exhibit "A" and approving the program summary for the City's Emergency Rental Assistance program to provide financial assistance and housing stability to eligible households as stipulated in the guidance from the United States Department of Treasury as described in Exhibit "B", attached and incorporated. Budget Impact Analysis Item is NOT Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $22,779,317.10 Special Revenue Account No: 14020.910101.431000 Department of Community Review Completed Office of Management and Office of Management and City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Attorney City Commission City Commission Office of the City Clerk Reviewed B and Economic Development 08/25/2021 1:22 PM Budget Luis Hernandez -Torres Budget Leon P Michel Fernando Casamayor Arthur Noriega V Valentin J Alvarez Richard Appleton Barnaby L. Min Victoria Mendez Todd B. Hannon Maricarmen Lopez City Clerk's Office George Mensah Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Meeting Rendered Department Head Completed 08/25/2021 2:34 PM Completed 08/25/2021 9:27 PM Completed 09/01/2021 8:55 PM Completed 09/01/2021 9:49 PM Completed 09/02/2021 8:10 AM Completed 09/23/2021 3:37 PM Completed 09/23/2021 5:38 PM Completed 09/29/2021 10:12 AM Completed 10/14/2021 9:00 AM Completed 10/28/2021 9:00 AM Completed 11/01/2021 7:54 PM City of Miami Legislation Resolution Enactment Number: R-21-0443 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 9499 Final Action Date:10/28/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, ALLOCATING EMERGENCY RENTAL ASSISTANCE PROGRAM 2 ("ERA2") FUNDS IN AN AMOUNT OF $22,779,317.10 FROM THE UNITED STATES DEPARTMENT OF THE TREASURY AS SET FORTH IN EXHIBIT "A," ATTACHED AND INCORPORATED, AND APPROVING THE PROGRAM SUMMARY FOR THE CITY OF MIAMI'S EMERGENCY RENTAL ASSISTANCE PROGRAM AND ERA2 TO PROVIDE FINANCIAL ASSISTANCE AND HOUSING STABILITY TO ELIGIBLE HOUSEHOLDS AS DESCRIBED IN EXHIBIT "B," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE. WHEREAS, on July 22, 2021, pursuant to Resolution No. R-21-0311, the City of Miami ("City") accepted $22,779,317.10 from the United States Department of the Treasury ("Treasury") to establish an Emergency Rental Assistance Program 2 ("ERAP 2"); and WHEREAS, the ERAP 2 funds must be allocated to continue promoting housing stability for eligible households as stipulated in the guidance received from the Treasury; and WHEREAS, ERAP 2 funds must be spent by September 30, 2025; and WHEREAS, of the $22,779,317.10, the City has received an amount of $9,111,726.84, 40% of the total funds expected from the Treasury; and WHEREAS, receiving the rest of the $22,779,317.10 is contingent on the City's ability to spend more than 75% of the funds already received by the City; and WHEREAS, the City's initial Emergency Rental Assistance Program ("ERAP 1") was established by Section 501 of Division N of the Consolidated Appropriations Act, 2021, Pub. L. No. 116-260 (Dec. 27, 2020) and by City Commission through Resolution No. R-21-0065 with funding from the Treasury; and WHEREAS, the City's Administration recommends the allocation of the ERAP 2 funds in an amount of $22,779,317.10 from the Treasury as set forth in Exhibit "A," attached and incorporated ("Funds"), and approving the updated program summary for ERAP 1 and ERAP 2 to provide financial assistance and housing stability to eligible households as stipulated in the guidance from the Treasury as described in Exhibit "B," attached and incorporated ("Program Summary"); NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The allocation of the Funds as described in Exhibit "A," attached and incorporated, is authorized.' Section 3. The Program Summary as set forth in Exhibit "B," attached and incorporated, is approved.' Section 4. The City Manager is authorized to negotiate and execute any and all necessary documents, all in forms acceptable to the City Attorney, subject to all federal, state, and local laws that regulate the use of such funds, for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions.