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Form #: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Office of Housing and Comm Development DATE: May 13, 2021 STAFF CONTACT: Susan Kunz PHONE: 961-8379 A. REQUEST: The Office of Housing & Community Development is requesting to amend Ordinance 20-45 by appropriating the following: Revenue: Hawai'i Island Emerg Rent Assist Grant 2 152.3309.XX $12,000,000 Expenditure: Hawai'i Island Emerg Rent Assist Program 219 152.461.5466.XX.371 $11,000,000 Hawai'I Island Emerg Rent Assist Admin 2 152.461.5466.XX. $1,000,000 The appropriation request for$12,000,000 represents a grant from the U.S. Dept of Treasury to provide rent, utilities and other defined housing expense assistance to eligible households that have been impacted by coronavirus pandemic. Please create a resolution to enter into an agreement to accept the grant funds. B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): On March 11, 2021, the U.S. Department of the Treasury (Treasury)launched the $21.55 billion Emergency Rental Assistance Program 2 (ERA2)established by the American Rescue Plan Act of 2021. The ERAP2 grantees will use the funds to aid eligible households through existing or newly created rental assistance programs. An"eligible household"is defined as a renter household that has a household income at or below 80 percent of the area median and in which at least one or more individuals living in the household qualifies for unemployment or has experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19;and can demonstrate a risk of experiencing homelessness or housing instability. Treasury is implementing this program with unparalleled speed so state, local, and tribal partners across the country can help families in need:. • 411, DepartmtiRld Date