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HomeMy WebLinkAbout4c. FW CARES Emergency Household Assistance ProgramHOUSEHOLD ASSISTANCE PROGRAM Victor Turner Director, Neighborhood Services Department City Council Work Session January 26, 2021 MORTGAGE ASSISTANCE $420,078.00 HOUSEHOLD ASSISTANCE PROGRAM RENTAL ASSISTANCE $2,729,408.00 UTILITY ASSISTANCE $169,140.00 13% 82% 5% Assistance Type Mortgage Assistance Rental Assistance Utility Assistance TOTAL COMMITTED $3,318,626.00 HH Assisted: 1,639 3 - 100,000.00 200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00 800,000.00 June July August September October November December Mortgage Assistance Rental Assistance Utility Assistance Monthly Expenditures HOUSEHOLD ASSISTANCE PROGRAM 4 MORTGAGE ASSISTANCE $184,558 RENTAL ASSISTANCE $2,108,914 UTILITY ASSISTANCE $104,200 TOTAL COMMITTED $2,397,672 HOUSEHOLD ASSISTANCE PROGRAM Community Services Block Grant (CSBG) 8% 88% 4% Assistance Type Mortgage Rental Utility HH Assisted: 950 5 18% 73% 9% Assistance Type Mortgage Rental Utility Texas Veterans Commission: Forward Home Program HOUSEHOLD ASSISTANCE PROGRAM MORTGAGE ASSISTANCE $21,292 RENTAL ASSISTANCE $86,996 UTILITY ASSISTANCE $10,984 TOTAL COMMITTED $119,272 HH Assisted: 69 6 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Rental Mortgage Utilities Summary of Household Assistance FW CARES CSBG TVC: Forward Home HOUSEHOLD ASSISTANCE PROGRAM FUNDING SOURCE RENTAL MORTGAGE UTILITIES TOTALS HOUSEHOLDS ASSISTED FW CARES $2,729,408 $420,078 $169,140 $3,318,626 1,639 CSBG $2,108,914 $184,558 $104,200 $2,397,672 950 TVC: Forward Home $ 86,996 $21,292 $ 10,984 $ 119,272 69 TOTALS $4,925,318 $625,928 $284,324 $5,835,570 2,658 AVG. Assistance/Household: $2,195 Summary of Household Assistance 8 TEXAS EMERGENCY RENTAL ASSISTANCE PROGRAM (TERAP) A COMMUNITY DEVELOPMENT BLOCK GRANT CARES ACT (CDBG-CV) PROGRAM The Salvation Army TERAP PROGRAM AGENCY PROGRAM AMOUNT Housing Channel Emergency Rental Assistance $552,146.91 Salvation Army Emergency Rental Assistance $552,146.91 Tarrant County Samaritan Housing, Inc.Emergency Rental Assistance $552,146.90 TERAP CONTRACTS $1,656,440.72 ADMINISTRATON $184,048.98 TOTAL BUDGET $1,840,489.70 ALLOCATIONS Rental Assistance Programs Eligibility Comparison TERAP $1,840,489 ERAP $27,484,117 Income Eligibility Length of Assistance Under 80% AMI Six (6) months Under 80% AMI 12 months; (additional 3 months possible) Other Eligibility Requirements Have suffered Financial Hardship due to COVID-19 Eligible for Unemployment Benefits or have suffered Financial Hardship due to COVID-19; Must show Housing Instability (past due rent notice, etc.) Special Program Requirements Must coordinate with Texas Eviction Diversion Program by coordinating with local JP Courts; Units built before 1978 must be inspected for lead-based paint if assistance covers 3 months or more Preference for Households under 50% AMI with over 90 days unemployment Rent Payments Rent limited to 120%of Local FMR; Payments made to Landlord Payments must be made to landlord or utility provider; Landlord can apply on tenant’s behalf (with tenant signature on application)10 APPLICATION PROCESS Payments •LANDLORDS •UTILITIES 1A 1B 2 3 4 Partner Agency(ies) 12 NEXT STEPS February 16, 2021 -M&C to Council –TERAP TDHCA Program February 16, 2021 –M&C to Council –ERAP U.S. Treasury Program February 23, 2021 –Contracts Executed by CMO Questions