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PROPOSED RESOLUTION
EMERGENCY RENTAL ASSISTANCE II PROGRAM - U.S. Treasury GRANT RECEIPT
WHEREAS, on January 28, 2021, the Cook County Board of Commissioners authorized the Bureau of Economic Development ("BED") to develop a County program for the distribution of the allocated funding to provide aid to eligible Cook County households in compliance with the terms of the Emergency Rental Assistance Program; and
WHEREAS, on March 11, 2021, the United States Treasury Department (the "Treasury") under the American Rescue Plan Act of 2021 made available $21.55 Billion to States, U.S. territories, Indian tribes, and local governments for Emergency Rental Assistance II ("ERA II") to assist households who are unable to pay rent and utilities due to the Covid-19 pandemic, of which $75,174,936.50, including the Base Allocation of $57, 610,056.70 and High Need Allocation of $17,564,879.80, has been allocated to and received by Cook County; and
WHEREAS, Cook County has significantly committed and awarded the substantial portion of funds received under ERA II through its Cook County Emergency Rental and Utility Assistance II Program, with a significant number of eligible Cook County households demonstrating additional and ongoing need for rental assistance, arising from the Pandemic and post-Pandemic recovery, exceeding Cook County receipts under ERA II from Treasury; and
WHEREAS, on July 5, 2022, Cook County applied for the first reallocation of ERA II Grant funds from Treasury of which $2,600,862.32 was awarded to Cook County from the redistribution of ERA II Grant funds from the National Pool; and
WHEREAS, Sections 8 and 9 of the Cook County FY 2020 and FY 2021 Annual Appropriations Bill (the "Appropriation Bill") authorize the Cook County Budget Director (the "Budget Director") to make budgetary transfers in an amount equal to or less than $50,000 without advance approval of the Board; and
WHEREAS, except for budgetary transfers authorized in Section 8 of the ...
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