CARES ACT

The United States Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and the President signed it into law on March 27, 2020, authorizing $2.2 trillion in a variety of stimulus measures to prevent, prepare for, and respond to the COVID-19 pandemic. The law included $2 billion CDBG-CV1 for entitlement communities, of which the City received $466,928. An additional $2 billion of CDBG-CV3 funds were allocated for states and local government with the City of Paramount having received $468,314, for a cumulative total of $935,242 of CARES Act funding. Pursuant to HUD regulations, the City of Paramount prepared an amendment to the Annual Action Plan for the 2019-2020 program year, and the link below outlines the amendment as adopted by City Council on June, 8, 2022.

CARES Act Amendment to the 2019-2020 Action Plan