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Page 3 of 3 <br />POLICY OBJECTIVE 27 <br />To provide an update on the status of the American Rescue Plan Act funding and expenditures. 28 <br />BUDGET IMPLICATIONS 29 <br />As outlined above. 30 <br />RACIAL EQUITY IMPACT SUMMARY 31 <br />The American Rescue Plan Act of 2021 created funding to deliver $350 billion of aid to states, 32 <br />municipalities, counties and Tribal governments. Among the key objectives of the funding was to support 33 <br />an equitable recovery for households and businesses and address systemic public health and economic 34 <br />challenges that have contributed to the unequal impact of the pandemic on certain populations. 35 <br /> 36 <br />Equity impacts were considered during the development of the City’s ARPA budgeting process. Money 37 <br />has been designated to support small local businesses and targeted towards BIPOC-owned businesses. In 38 <br />addition, funds went for affordable housing through the EDA home ownership land trust program. Other 39 <br />projects that will impact equity and engagement efforts for all residents include the embedded social 40 <br />worker and Housing Navigator in the Police Department, and the website redesign for accessibility. 41 <br />STAFF RECOMMENDATION 42 <br />Receive update on American Rescue Plan Act funding and allocations. 43 <br />REQUESTED COUNCIL ACTION 44 <br />For information only, no Council action necessary. 45 <br /> 46 <br />Prepared by: Michelle Pietrick, Finance Director <br /> <br />Attachments: A: NA <br /> <br /> <br /> 47