Agenda Item # 11.c.
City Commission Regular Meeting - 4:30 pm
- Meeting Date:
- 10/19/2020
- Re
- Approval of Florida Housing Finance Corporation Subrecipient
SUBJECT:
Approval of Florida Housing Finance Corporation Subrecipient Agreement Amendment to receive Coronavirus Relief Fund (CRF) allocation in the amount of $99,506.
SUMMARY:
The State of Florida has allocated $120 million to be administered through SHIP infrastructure. The overarching requirement of all funding is that it must be spent on activities necessary due to the COVID-19 emergency. Eligible activities include rental and mortgage assistance (and related counseling) payents or emergency repairs for persons who have experienced hardship that prevents them from making these payments. This is a second round of funding in the amount of $99,506.
RECOMMENDATION:
Approve and execute contract.
ALTERNATIVES:
Deny contract and reimburse SHIP funds for Mortgage and Rental Assistance Program expenditures.
RESPONSIBLE STAFF:
Johnna Morris, Finance Director
COORDINATED WITH:
Sheila Wise, Reporting and Grants Specialist
Caleta Scott, Manager, Grants Administration Division
Caleta Scott, Manager, Grants Administration Division
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2020
- Account:
- 10595025548426
- Amount:
- 99506
OTHER INFORMATION:
Coronavirus Relief Fund (CRF) Strategy 2 (SHIP) funds will reimburse current SHIP funds used for COVID19 Mortgage and Rental Assistance Grant Program.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Finance Department | Johnna Morris | 10/12/2020 10:46 AM |
| City Manager | Nick Mimms | 10/12/2020 10:49 AM |
- Form Started By:
- cscott
- Started On:
- 10/06/2020 06:32 PM
- Final Approval Date:
- 10/12/2020