Subject:
Title
Approval, Re: Sub-recipient Agreement with the Florida Housing Finance Corporation for Coronavirus Relief Funds.
End
Fiscal Impact:
FY 2019 - 2020: There will be no impact to the General Fund. A separate Cost Center will be created to recognize and budget $975,605 in Coronavirus Relief Funds (CRF).
FY 2020 - 2021: There will be no impact to the General Fund. Coronavirus Relief Funds (CRF) will be carried forward and new funds (if applicable) will be recognized and budgeted in the CRF Cost Center.
Dept/Office:
Housing and Human Services Department.
Requested Action:
Recommendation
It is requested that the Board of County Commissioners authorize (1) the County Manager or designee to execute the attached Coronavirus Relief Funds Agreement with the Florida Housing Finance Corporation (FHFC), (2) the County Manager or designee to execute any amendments or modifications to the Agreement upon approval of Risk Management and the County Attorney's Office, (3) authorize the County Manager or designee to execute future Agreements, amendments, and/or modifications for additional allocations of Coronavirus Relief Funds (if applicable), and (4) authorize the County Manager to approve all necessary budget change requests.
End
Summary Explanation and Background:
The State of Florida has been awarded approximately $5.8 billion in funding pursuant to, section 601(d) of the Social Security Act, as amended by section 5001 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Pub. L. No. 116-136, div. A, Title V (Mar. 27, 2020). This is the same source of funds from which the County received $105 million for local Coronavirus (COVID-19) relief. Governor DeSantis allocated $250 million of the State funds for housing programs and of this amount designated $140 million for distribution to local governmental agencies. This portion will be distributed and administered by the Florida Housing Finance Corporation (FHFC) as Coronavirus Relief Funds (CR...
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