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File #: 20-7309    Version: Name:
Type: Ordinances and Action Items Status: Adopted as Amended
File created: 4/12/2020 In control: City Council
On agenda: 4/28/2020 Final action: 4/28/2020
Title: Subject: Emergency Assistance Funds for Tenants at Risk of Eviction due to Impacts of the Novel Coronavirus (COVID-19) continued
Sponsors: Kirsten Squarcia
Attachments: 1. Staff Report, 2. A - Draft Resolution, 3. B - Renter’s Assistance Low Interest Loan Program Proposal from Meriwest Credit Union

Title

Subject:  Emergency Assistance Funds for Tenants at Risk of Eviction due to Impacts of the Novel Coronavirus (COVID-19) continued

 

Recommended Action

1.                     Adopt Resolution No. 20-040 Contributing $50,000 in Emergency Assistance Funds to West Valley Community Services and $100,000 in Emergency Assistance Loan Funds to Meriwest Credit Union for Tenants at Risk of Eviction Due to Impacts of the Novel Coronavirus (COVID-19)

2.                     Approve a $50,000 contribution [Below Market Rate (BMR) Affordable Housing Funds (AHF) or General Fund Human Services Grant (HSG) funds] to West Valley Community Services (WVCS) for emergency assistance funds to assist tenants at risk of eviction due to impacts of COVID-19

3.                     Authorize the City Manager to negotiate and execute an agreement with WVCS.

4.                     Approve a $100,000 contribution [Below Market Rate (BMR) Affordable Housing Funds (AHF) or General Fund Human Services Grant (HSG) funds] to Meriwest Credit Union for the Renter’s Assistance Low Interest Loan Program to assist tenants at risk of eviction due to impacts of COVID-19

5.                     Authorize the City Manager to negotiate and execute a $100,000 contract with Meriwest Credit Union

6.                     Receive presentation from Earnin