Number
240863
Version
SUBSTITUTE 3
Reference
210894, 231182, 231925
Sponsor
ALD. PEREZ, DIMITRIJEVIC, BAUMAN, BURGELIS, MOORE, BROSTOFF AND ZAMARRIPA
Title
Substitute resolution relating to the reallocation and expenditure of up to $847,900 of American Rescue Plan Act funds.
Analysis
This resolution directs the Environmental Collaboration Office to terminate its contract with Habitat for Humanity to build zero-energy-ready homes. It reallocates the contract funds to the Office of the City Clerk and authorizes the expenditure of those funds for the following purposes:
1. Up to $350,000 for City participation in the Zilber Foundation’s The Bridge Project.
2. Up to $497,900 for the Concordia 27 development.
Body
Whereas, The Zilber Family Foundation, a private grant-making institution based in Milwaukee, launched The Bridge Project, a program for low-income pregnant individuals, which will provide support for 100 eligible individuals for 3 years; and
Whereas, The Zilber Family Foundation has committed $1,575,000 to the program, while the Monarch Foundation, a private, grant-making foundation based in New York, has committed $250,000 per year over 3 years for all administrative expenses associated with program implementation; and
Whereas, The Zilber Family Foundation is seeking public and private partners to provide an additional $450,000, which is required to fully fund 100 participants for 3 years; and
Whereas, Concordia 27 is a development on the Near West Side that will provide affordable housing units, health and wellness services, and workforce training opportunities; and
Whereas, Concordia 27 is the culmination of a vision that residents, stakeholders and businesses have been working toward since 2015
; and
Whereas, Common Council File Number 210894 allocated $1,000,000 of American Rescue Plan Act funding to the Department of Administr...
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