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HomeMy WebLinkAboutARPA Update 02.06.23 Summary of ARPA Funding Priorities and Funding Commitments as of February 1st, 2023 Program/Project Estimated Funding Range Projects/Amount Funded as of February 1st, 2023 Program Highlights Emergent Needs: Direct payments to eligible adults $1M -$1.5M $1.18 million – Johnson Co. Direct Assistance Program All direct payments made. Project closed out. Eviction prevention $1M - $2M $1.14 million – Shelter House Housing Stability Pilot Awarded 1/10/23. Project in progress. Housing repair / relocation $500k - $1.5M $1.02 million (Final) – Forest View Relocation Program All tenants received full relocation amount. Project closed out. Emergency non-profit assistance $500k - $1M $400,000 – Nonprofit Operating Funding Round $85,000 – CWJ Wage Theft Agreements finalized. Projects begun. Total Emergent Needs $3 - $6 million $3,831,031.19 Strategic Investments: BIPOC Business Support Infrastructure $4M -$6M Social Service Needs Assessment and Capital Planning + Seed Funding $3M - $6M Affordable Housing Initiatives $2.5M - $6M Mental Health Services $1.5M - $3M $939,082 – Mobile Crisis Expansion Vehicles purchased & remodel completed. Project in progress. Workforce Development $1.5M - $3M $100,000 – 4C’s Workforce Development $435,239 – UI Labor Center Agreements signed. Projects in progress. Climate Resiliency and Hazard Assessment Planning $500k - $3M Small Business, Arts and Culture and Tourism Investments $1M - $2M $250,000 – Think IC Tourism Recovery Program Think IC has received revenue replacement funds. Recovery grant program underway. Public Infrastructure and City Revenue Replacement $1M - $3M $676,146.49 – Utility Billing Revenue Replacement Total Strategic Investments $15 - $32 million $2,400,467.49 Expenditure Summary: Total ARPA Allocation: $18,325,190.00 Total Encumbered as of February 1st, 2023: ~$6,231,498.68 Remaining ARPA Balance: ~$12,093,691.32