R-20-029
RESOLUTION
RELATIVE TO ACCEPTING CDBG FUNDING UNDER THE 2020 CARES ACT;
AMENDING THE FY2020 HUD ANNUAL ACTION PLAN TO REPROGRAM
EXISTING CDBG FUNDING; AND CREATE A COVID-19 IMPACT PROGRAM
CITY OF NASHUA
In the Year Two Thousand Eighteen
RESOLVED by the Board of Aldermen of the City of Nashua
WHEREAS the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) included
additional funding to be distributed pursuant to section 106 of the Housing and Community
Development Act of 1974 (42 U.S.C. 5306) to grantees that received allocations pursuant to that
saine formula in fiscal year 2020; and
WHEREAS the City shall receive an additional award of $390,913 from the U.S. Department of
Housing and Urban Development (HUD) to prevent, prepare for, and respond to coronavirus;
and
WHEREAS the City also wishes to amend its FY2020 HUD Annual Action Plan by
reprogramming existing CDBG funds to prevent, prepare for, and respond to coronavirus; and
WHEREAS the CARES Act contains provisions to allow grantees to utilize expedited
procedures to prepare, propose, modify, or amend its statement of activities for grants from
amounts made available under CARES Act as well as funding under our FY2020; and
WHEREAS the City further wishes to create a new program to respond to the economic impact
of the coronavirus utilizing these CDBG funds and other resources available to the City.
NOW THEREFORE, BE IT RESOLVED by the Board of Aldermen of the City of Nashua
that the COVID-19 Impact Fund Program shall be created to assist in the stabilization of existing
small businesses and non-profits within the City that have had significant disruption due to the
impact of COVID-19, consistent with the published guidelines for said new Program,
BE IT FURTHER RESOLVED that the CDBG CARES Act funding of $390,913 shall be
accepted and allocated to the COVID-19 Impact Fund Program;
BE IT FURTHER RESOLVED that the FY2020 HUD Annual Action Plan shall be amended
to reprogram and allocate a total of $251,775.00 to the COVID-19 Impact Fund Program as
follows:
