Beloit City Council Reserves $2 Million for Alleviating Homelessness
According to an update from the City of Beloit, at their meeting in early April Beloit City Council has set aside at least $2 million for the purpose of alleviating homelessness in order to leverage an additional $500 thousand in matching funding from Rock County. The resolution approved by the Beloit City Council identifies that this funding could come from HOME ARPA, City of Beloit ARPA, and/or tax increment financing housing extension to support this initiative. Rock County is not yet accepting applications for eligible projects. Once applications are being accepted, the expenditure of funds for an eligible project and subsequent budget amendments will need to be brought back to the Beloit City Council for additional approval. This action will not impact property taxes or come from the general operating budget.