title
PROPOSED GRANT AWARD
Department: Office of the Chief Financial Officer
Grantee: Bureau of Economic Development
Grantor: U.S. Treasury Department
Request: Authorization to accept grant
Purpose: Bureau of Economic Development to develop the County’s program for the distribution of the allocated funding in compliance with the terms of the Emergency Rental Assistance program.
Grant Amount: $72,808,624.10
Grant Period: 1/19/2021 - 12/31/2021
Fiscal Impact: None
Accounts: No Cash Match
Concurrences:
The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any
Summary: On 1/11/2021, the County applied for an allocation under the US Treasury’s Emergency Rental Assistance (ERA) Program established under the most recent federal stimulus bill. On 1/19/2021, the US Treasury allocated $72,808,624.10 from the ERA Program to Cook County to provide assistance to households unable to pay rent and utilities due to the COVID-19 pandemic.
end