title
PROPOSED GRANT AWARD
Department: Department of Planning and Development
Grantee: Cook County Bureau of Economic Development
Grantor: United States Department of Treasury (Treasury)
Request: Authorization to accept grant
Purpose: Further support of the Emergency Rental Assistance I Program (ERA II) supporting payment to low and moderate-income renters in arrears on rent, in need of housing supports, and threatened with eviction, along with the administration of the rental assistance program.
Grant Amount: $2,561,988.87
Grant Period: 12/27/2020 - 9/30/2025
Fiscal Impact: $2,561,988.87
Accounts:
11284.1013.20197.520830.00000.00000 Professional Services $200,000.00
11284.1013.20197.580170.00000.00000 Grant Disbursements $2,361,988.87.
Concurrences:
The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any
Summary: 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 allocated funding from the United States Treasury to provide aid to eligible Cook County households in compliance within the terms of the Emergency Rental Assistance Program.
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.
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 by June 1, 2022, making Cook C...
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