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8c - ARPA Grants for Financial Literacy and Workforce DevelopmentARPA Grants for Financial Literacy and Workforce Development City Council November 21, 2023 Staff Contact: Sarah Bridgeford, Community Services Manager Kim Bachrach, Human Services Coordinator CITY OF Federal Way �� Centered on Opportunity Policy Question: Should City Council approve the proposed financial literacy and workforce development ARPA grant award recommendations? `CITY OF Federal Way Centered on Opportunity City Grant Processes F HSGF Grants: $711,900 per year for 2023 Shared and 2024 , application Public Services: $116,000 (capped at 15% of actual annual allocation) Community Economic Revitalization Funding (CERF): 65% of annual allocation available via competitive grants for capital and economic development projects, less housing repair Planning and Administration: 20% of annual allocation; used to administer the program and is not available as grant funding Grants focus on: -Housing Stability and Basic Needs -Youth Programming -Financial Literacy -Workforce Development `CITY OF Federal Way Centered on Opportunity • 11 � [� ■ r�l �►T�IN [• Priority Financial Literacy & Workforce Development Housing Stability and Basic Needs Youth Programming Fully funding the Human Services General Fund Grants, covering the unfunded balance Nonprofit Facility Usage Pilot Community Engagement and Legal Notices Funding Status Amount ARPA Grant Applications for Financial Literacy and Workforce Development ■AII applications were to provide service through 2026 ■Application period opened August 18, 2023 and closed September 15, 2023 ■Received 11 complete applications ■Requested a total of: $3,094,658.80 ■Each Commissioner read and evaluated all applications. ` CITY OF .� Federal Way Centered on Opportunity Human Services Commission Recommendation The Commission made a recommendation to fund four (4) programs: Program Casa Latina Workforce Development Financial Empowerment Program Request Recommendation $2297321.00 $1757000 $440,398.00 $1507000 Poverty Bay Caf6 Jobs Training $242,586.00 $175,000 YWCA Economic Empowerment $150,000.00 $150,000 Duration 2024-2026 2024-2026 2024-2026 2024-2026 ■Programs not recommended by the Commission include services offered by Boys and Girls Club of King County, Federal Way Black Collective, InterCultural Children and Family Services (two applications), King County Library Services Foundation, Sound Outreach, and Your Money Matters. Options Discussed at Committee Financial Stabli ity and Workforce Development Program Duration- • Casa Latina Workforce Development Financial Empowerment Program Poverty Bay Caf6 Jobs Training YWCA Economic Empowerment City offered with Financial Peace University and potentially with local credit union 2024-2026 2024-2026 2024-2026 2024-2026 2024 $229,321.00 $4407398.00 $242,586.50 $150,000.00 Human Services Commission Recommendation Passed out of Committee $175,000.00 $150,000.00 $175,000.00 $150,000.00 Alternate Option 1 from Committee $175,000.00 $175,000.00 $150,000.00 $100,000.00 $ 50,000.00 Alternate Option 2 from Committee $175,000.00 $ 75,000.00 $175,000.00 $150,000.00 $ 75,000.00 Questions `CITY OF Federal Way Centered on Opportunity