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City Council Approves plan to spend millions in CARES Act funding

Bakersfield Sign
Posted at 10:55 PM, Aug 12, 2020
and last updated 2020-08-13 01:55:41-04

BAKERSFIELD, Calif. — The City Council has approved a plan to spend $33.5 million in federal CARES Act funding that has been designated to the city by the state.

The breakdown of funds is as follows:

  • $10 million for a Small Business Grant program of forgivable loans to small businesses to support payroll and operating costs.
  • $5 million for a Rental Assistance program in partnership with the Kern Housing Authority. This would be a temporary rent subsidy that would be a preventative investment to help individuals or families maintain stable housing and help property owners pay their obligations as well.
  • $2 million for updates at the Brundage Lane Navigation Center

CARES Act Funding by Ashley Valenzuela on Scribd