CommuniTIES: American Rescue Plan – federal funding to support community housing

Welcome to CommuniTIES, the Baker Tilly podcast series where we speak with public sector leaders about proactive and practical guidance to help governmental entities protect and enhance their value.

The American Rescue Plan Act of 2021 (ARP) provides billions of dollars to local governments through Fiscal Recovery Funds (FRF), competitive grants and other provisions to help meet community housing needs. In this podcast, Baker Tilly’s public sector housing leaders share insights on the financial opportunities municipalities have to support housing. In 20 minutes, we discuss:

• The federal funding available for housing as a result of the pandemic and how communities receive funds
• What communities with housing needs can do with their ARP FRF allocations
• How municipalities are applying ARP funds to affordable housing projects
• Types of housing that federal financial assistance can support
• The appropriated emergency funding available to communities for housing
• How grant funding can be used to advance housing initiatives
• Additional legislation on the horizon within the Infrastructure Bill and Build Back Better Plan to further support housing

We also outline how Baker Tilly’s public sector team helps communities implement solutions to support housing needs, including grant funding administration and management, and develop strategies to leverage FRF funds.

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Meet this episode’s thought leaders:

• Jolena Presti, Managing Director, Public Sector Economic Development, Baker Tilly
• Monique Caston, Manager, Public Sector Advisory, Baker Tilly