Here’s how Anchorage plans to spend $156 million in CARES Act funds
ANCHORAGE, Alaska (KTUU) - Anchorage Mayor Ethan Berkowitz and the Anchorage Assembly released a general outline of how it plans to distribute $156 million in CARES Act funding. More than half of the money will be spent on rental and mortgage assistance and small businesses in the tourism and hospitality industry.
The money is part of the $1.25 billion that the state of Alaska received in federal funding to cover expenses related to the coronavirus pandemic.
“While it isn’t enough to help everyone and meet all of the need, it is going to help keep people in their homes, keep people employed, alleviate the burden of some parents by helping out with child care, allow better distribution of food to those in need and more,” Assembly Chair Felix Rivera said during a press conference on Monday.
The Assembly has already allocated $22.5 million of the CARES Act funds to relief, response and support efforts in the community. $12.5 million would be used to buy three buildings to house the homeless and provide treatment services. The municipality still needs to meet with the U.S. Treasury Department to discuss whether it is an appropriate use of the funds.
The remainder of the CARES Act funds is divided into the following priority areas:
- Economic Stimulus
- Family Support
- Housing & Homelessness
- Public Health & Safety
- Community Investments
- Municipal Response
Small Business Stabilization (Hospitality and Tourism): $14,000,000
Small Business and Non-profit Grants: $6,000,000
Outdoor Public Lands program: $3,000,000
Child Care Assistance Program: $10,000,000
Child Care Assistance Program for Parents/Guardians: $5,000,000
Rental and Mortgage Assistance Program: $3,000,000
Rental and Mortgage Assistance and Support: $20,000,000
Administration Flexibility Fund: $1,500,000
FEMA 25% Match: $12,000,000
Anchorage Health Department: $2,300,000
Library COVID-19 Measures: $260,000
First Responder Payroll Reserve: $21,000,000
Mental Health Clinicians (ASD): $1,000,000
Mental Health First Responders: $3,000,000
Pre-K Funding: $250,000
RuralCap Job Program Weatherization and Mobile home Repair: $2,500,000
Girdwood Health Clinic: $5,000,000
Visit Anchorage Remarketing Convention Facilities: $2,000,000
Contingency Fund: $15,000,000
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