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DFM outlines ERAP closeout steps to avoid $6.9M federal payback
Summary
Merrill said about $6.9 million of ERAP II funds administered by VSHA were identified as disallowed; DFM proposes reversion-and-reallocation transactions to substitute ERAP for state spending on allowable uses and free general fund to remediate the disallowed spending, but one $1,192,000 swap requires explicit statutory authorization for a cash-fund subaccount.
Deputy Commissioner Hardy Merrill told the House Appropriations Committee that the closeout of federal Emergency Rental Assistance Program (ERAP) funding administered by the Vermont State Housing Authority (VSHA) identified roughly $6.9 million in uses that the federal program marks as disallowed.
"We are not wanting to have to remit $6,900,000…
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