STRATEGIC PRIORITY: Government Performance and Financial Management
AGENDA DATE: August 11, 2021
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Budget and Management Services
EXECUTIVE: Elizabeth Reich
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SUBJECT
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Authorize (1) preliminary adoption of Substantial Amendment No. 4 to the FY 2020-21 Action Plan to reallocate $1,421,547 in Community Development Block Grant (CDBG) CARES Act Relief Funds from the Small Business Continuity Loan Program to the Small Business Continuity Grant Program, according to Schedule 1; and (2) a public hearing to be conducted on August 25, 2021, to receive comments on Substantial Amendment No. 4 to the FY 2020-21 Action Plan - Financing: No cost consideration to the City
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BACKGROUND
In response to the coronavirus pandemic, the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020. The CARES Act included additional funds from the U.S. Department of Housing and Urban Development (HUD) to prevent, prepare for, and respond to the spread of COVID-19 and to facilitate assistance to eligible communities and households economically impacted by COVID-19. The CARES Act included Community Development Block Grant (CDBG) funds.
CDBG CARES Act funds were awarded in three rounds: (1) $2 billion according to the standard CDBG formula, (2) $1 billion to states for allocation to entitlement and non-entitlement communities, and (3) $2 billion according to a new formula based on
COVID-19 threat and economic impact.
The City of Dallas received $8,899,802 in the first round of CDBG CARES Act Relief Funds, approved by City Council on April 22, 2020, and $11,778,785 in the third round, approved on November 11, 2020. The City has not received an allocation from the State of Texas for second-round CDBG funds.
Under the City's Citizen Participation Plan, a change in funding that exceeds $500,000 of a budget appropriation...
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