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  Agenda Item # 11.c.       
Meeting Date: 10/19/2020  
Re:    Approval of Florida Housing Finance Corporation Subrecipient

SUBJECT:
Approval of Florida Housing Finance Corporation Subrecipient Agreement Amendment to receive Coronavirus Relief Fund (CRF) allocation in the amount of $99,506.
SUMMARY:
The State of Florida has allocated $120 million to be administered through SHIP infrastructure. The overarching requirement of all funding is that it must be spent on activities necessary due to the COVID-19 emergency. Eligible activities include rental and mortgage assistance (and related counseling) payents or emergency repairs for persons who have experienced hardship that prevents them from making these payments. This is a second round of funding in the amount of $99,506.
RECOMMENDATION:
Approve and execute contract.
ALTERNATIVES:
Deny contract and reimburse SHIP funds for Mortgage and Rental Assistance Program expenditures.
RESPONSIBLE STAFF:
Johnna Morris, Finance Director
COORDINATED WITH:
Sheila Wise, Reporting and Grants Specialist
Caleta Scott, Manager, Grants Administration Division 

Fiscal Impact
Budgeted Y/N: N
Fiscal Year: 2020
Account: 10595025548426
Amount: 99506
OTHER INFORMATION:
Coronavirus Relief Fund (CRF) Strategy 2 (SHIP) funds will reimburse current SHIP funds used for COVID19 Mortgage and Rental Assistance Grant Program. 
Attachments
CRF Agreement Amendment
CRF Allocation

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Form Review
Inbox Reviewed By Date
Finance Department Johnna Morris 10/12/2020 10:46 AM
City Manager Nick Mimms 10/12/2020 10:49 AM
Form Started By: Caleta Scott Started On: 10/06/2020 06:32 PM
Final Approval Date: 10/12/2020

    

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