Madison Reporter

The City of Madison has received over $47 million to help the city recover from any public health or economic consequences of the COVID-19 pandemic. 

Supporting the communities that were most affected by the pandemic, the recovery funds will allow the city to "improve long-term resiliency," the City of Madison said.

"On July 22 and July 27, the City of Madison is hosting an information session to discuss $47 million in federal funding," Mayor Satya Rhodes-Conway said in a July 19 Tweet.

The city’s plan is to split the money from the American Rescue Act Plan between five main categories: Violence prevention and youth engagement ($2,585,000), homelessness support ($8,650,000), affordable housing ($6,650,000), emerging needs ($1,000,000) and economic development ($3,915,000), according to the City of Madison.

In addition, the City of Madison will also fund $24.4 million from ARPA to handle COVID-19-related revenue loss, the Treasury reported.

The ARPA is a federal program that will deliver over $350 billion to various governments, states, territories and tribal governments to help with post-pandemic rebuilding, the Treasury reported. 

"Local governments will receive funds in two tranches, with 50% provided beginning in May 2021 and the balance delivered approximately 12 months later," the Treasury reported. "States that have experienced a net increase in the unemployment rate of more than 2 percentage points from February 2020 to the latest available data as of the date of certification will receive their full allocation of funds in a single payment. Other states will receive funds in two equal tranches."

The treasury continued by saying that "governments of U.S. territories will receive a single payment. Tribal governments will receive two payments, with the first payment available in May and the second payment, based on employment data, to be delivered in June 2021."

For more information on the program, click here.