Resolution21-0144
Dept/ Agency: Administration/Office of Management and Budget
Action: (X) Ratifying (X) Authorizing (X) Amending
Type of Service: Transfer of CDBG Funds
Purpose: To amend CDBG Coronavirus Aid, Relief and Economic Security (CARES) ACT, CDBG-CV Allocation.
Funding Source: United States Department of Housing and Urban Development
Amount Transferred: Increased by $3,500,308.00
Transferred From: Special Economic Development Activities, Microenterprise Assistance, and Tenant Based Rental Assistance
Transferred To: Special Economic Development Activities, Microenterprise Assistance, and Tenant Based Rental Assistance
Additional Information:
Apply and Acceptance Resolution 7R1-c(AS) adopted February 3, 2021.
This amendment will increase the amount for the CDBG-CV Allocation by the following:
CDBG-CV3 Allocation - $3,500,308
Special Economic Development Activities - $300,308
Microenterprise Assistance - $1,200,000
Rental Assistance - $2,000,000
Two-Thirds vote of full membership required.
Introduced Feb 3, 2021· Administration