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City of Fayetteville departments to receive funds from CARES Act

Post Date:04/17/2020 11:03 AM

City of Fayetteville departments to receive funds from CARES Act

(Fayetteville, N.C.) – Several City of Fayetteville departments will receive federal grant money for responses and recovery related to the Coronavirus pandemic. The summaries below further detail the amount of money received and federal guidance for distributing the funds:

Economic and Community Development Department

The Economic and Community Development Department will receive $902,653 from the Coronavirus Aid, Relief, and Economic Security Act “CARES Act.” The money will be used to implement plans to help low and moderate income persons and families. The U.S. Department of Housing and Urban Development advised Fayetteville’s Economic and Community Development Department to consider partnerships between all levels of government, private for-profit and non-profit sectors.

Fayetteville Area System of Transit

FAST will receive $8,975,011 from the CARES Act, which will be used to support the transit operating budget over the next few years. It will also serve as reimbursement for operating and preventative maintenance costs incurred so far this year. The money will also help reimburse and offset declines in revenue and added costs related to Coronavirus responses and safety measures.

Fayetteville Regional Airport

The Fayetteville Regional Airport will receive $2,968,903 from the CARES Act. Airport leaders plan to use these dollars to offset the loss of operational revenue streams. The airport’s most impacted operations during the COVID-19 pandemic are paid parking, rental car, and airline flights. If ridership increases sooner than expected, any leftover money may support the airport’s Terminal Renovation Phase II effort.

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