TITLE
Recommendation to approve proposed programs and budget for the third round of emergency grant funds from the Coronavirus Aid, Relief and Economic Security Act (CARES Act), Community Development Block Grant Coronavirus (CDBG CV-3) allocation;
Authorize City Manager, or designee, to execute all necessary documents with the U.S. Department of Housing and Urban Development (HUD), and other entities necessary to receive these funds, and execute agreements necessary to implement and comply with related federal regulations; and
Increase appropriations in the Community Development Grant Fund Group in the Development Services Department by $4,585,285, offset by grant revenue. (Citywide)
DISCUSSION
In March 2020, the U.S. Congress approved emergency funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help local governments and residents respond to impacts of the Coronavirus pandemic. Congress provided $5 billion in the CARES Act for the Community Development Block Grant (CDBG) program through the U. S. Department of Housing and Urban Development (HUD). HUD released funding in three separate grant rounds as described below:
· Round One (CDBG-CV1) - HUD allocated the first $2 billion based on the same formula used for the regular FY 2020 CDBG formula allocation. HUD announced allocations on April 2, 2020. The City of Long Beach (City) received a CDBG CV1 allocation of $3,618,830. This funding was used exclusively for the LB CARES Emergency Rental Assistance Program.
· Round Two (CDBG-CV2) - The CARES Act required HUD to allocate the second round of $1 billion to the State of California (State) and insular area governments by May 11, 2020. The allocation targets public health, COVID-19, and housing and economic disruption needs. The State received a CDBG CV2 allocation of $114,000,000. The City did not receive a direct allocation from HUD.
· Round Three (CDBG-CV3) - The CARES Act required HUD to allocate the third round of $2 b...
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