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Agenda 05-16-2023; 12-3 - Information Item - Financial Report - Third Quarter FY 2022-23 and American Rescue Plan Act (ARPA) Project Update
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Agenda 05-16-2023; 12-3 - Information Item - Financial Report - Third Quarter FY 2022-23 and American Rescue Plan Act (ARPA) Project Update
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5/11/2023 3:56:11 PM
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BOCC
Date
5/16/2023
Meeting Type
Business
Document Type
Agenda
Agenda Item
12-3
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17 <br /> Assistance is available to households in Orange County that: (1) Earn no more than 30%of the <br /> area median income (AMI), (2) Have an urgent need for housing assistance that is related to the <br /> COVID-19 pandemic, and (3) Do not have adequate resources to cover the cost of their housing <br /> need. Eligible activities for EHA include rent, mortgage and utility payments, security deposits, <br /> application fees and other emergency housing-related expenses.The EHA Program has provided <br /> over$9 million in housing assistance to more than 1,500 Orange County residents since March <br /> 2020. <br /> o FY 2021-22 Round 1: $1,926,357 <br /> o FY 2021-22 Round 2: $2,700,000 <br /> o FY 2022-23 Round 1: $4,201,041 <br /> o FY 2022-23 Round 2: $1,996,163 (Non-Revenue Replacement) <br /> ■ Total Spent as of March 31, 2023: $8,878,770 <br /> ■ Treasury Portal Status: More than 50%complete <br /> Unassigned:$419,130 <br /> This funding is reserved for future revenue replacement allocations.All funds must be <br /> encumbered by December 2024. <br /> 11 <br />
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