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Lake County to offer housing, business assistance with CARES Act money

County set to receive $64 million for coronavirus financial relief

FILE - In this July 13, 2020, file photo a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Nearly half of Americans whose families experienced layoffs during the pandemic now believe their lost jobs will not return, a new poll from The Associated Press-NORC Center for Public Affairs Research shows, as temporary layoffs give way to shuttered businesses, bankruptcies and lasting payroll cuts. (AP Photo/Lynne Sladky, File)
FILE - In this July 13, 2020, file photo a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Nearly half of Americans whose families experienced layoffs during the pandemic now believe their lost jobs will not return, a new poll from The Associated Press-NORC Center for Public Affairs Research shows, as temporary layoffs give way to shuttered businesses, bankruptcies and lasting payroll cuts. (AP Photo/Lynne Sladky, File) (Copyright 2020 The Associated Press. All rights reserved.)

LAKE COUNTY, Fla. – Lake County is slated to receive $64 million in federal CARES Act money that it will use to providing rent and mortgage assistance to residents and financial relief to businesses that have been struggling as a result of the coronavirus pandemic.

Applications are not yet open but officials said when the time comes, they’ll be posted on elevatelake.com/reopen.

The housing assistance program will help eligible residents pay their rent, mortgage, utilities, emergency home repairs, insurance deductibles, housing re-entry costs including deposits or storage of furniture and eviction prevention, including rent and fees.

The county plans to spend $16 million to help businesses that had to shut down or scale back operations to stop the spread of COVID-19.

Below are the proposed grant amounts.

  • Sole proprietor: $2,000
  • Businesses with two to nine full-time employees: $5,000
  • Businesses with 10 to 25 full-time employees: $7,500
  • 501(c)(3): $5,000
  • Chambers of commerce: $5,000

According to a news release, commissioners plan to monitor the eligibility requirements and make adjustments if they are needed and if funding allows.

Residents are encouraged to check back for updates on when applications will be available at elevatelake.com/reopen.

To keep up with the latest news on the pandemic, subscribe to News 6′scoronavirus newsletter and go to ClickOrlando.com/coronavirus.


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