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A resolution modifying RS2021-1116, which appropriated $3,000,000.00 in American Rescue Plan Act funds from Fund #30216 to provide rent and mortgage payments and utilities payments, to extend the coverage date through June 30, 2023, and to expand mortgage relief to all participants who have household income up to and including 100% of AMI.
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WHEREAS, on June 15, 2021, the Metropolitan Council passed Resolution RS2021-966, a resolution which accepted grant funds for local government support from the Coronavirus State and Local Fiscal Recovery Funds established by the American Rescue Plan Act of 2021 ("ARP Funds") from the U.S. Department of the Treasury to The Metropolitan Government of Nashville and Davidson Count, which was subsequently signed into law by Mayor John Cooper on June 16, 2021; and,
WHEREAS, Resolution RS2021-966 established a COVID-19 Financial Oversight Committee ("the Committee") whose role is to collect, consider, and recommend appropriate uses of the ARP Funds as designated by the Metropolitan Council disbursement plan. The Committee will submit its reports and recommendations to the Mayor, the Director of Finance, and the Metropolitan Council not later than June 30, 2025; and,
WHEREAS, there are federal requirements for use of ARP Funds that require that these funds be expended or obligated on or before December 31, 2024; and,
WHEREAS, Resolution 2021-1116 was passed by Metro Council on September 7, 2021, to provide rent and mortgage payments and utilities payments for Davidson County residents who suffered a negative economic impact during the coronavirus pandemic who do not meet the eligibility requirements of the HOPE program administered by the Metro Action Commission, to be administered by the United Way of Greater Nashville, a copy of which is attached as Exhibit A; and,
WHEREAS, the Metro Action Commission seeks to extend the effective date of mortgage payments for affected residents through June 30, 2023, and expand eligibil...
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