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Solano County reports ARPA spending progress; revolving loan fund fully deployed
Summary
County staff said ARPA obligations met Treasury deadlines, nearly $63M of about $87M has been spent, and the county's ARPA‑funded revolving loan fund is fully loaned out; staff updated the board on Homelink/Broadway Village and Vallejo Navigation Center projects funded with ARPA.
Megan Richards and project implementers told the board that Solano County met the Treasury obligation deadline on 12/31/2024 and that the county has obligated its ARPA awards. "So as of 12/31/2024, we did meet the treasury obligation deadline of a 100 of the funds were obligated," Richards said, and staff reported that about $62–63 million of the roughly $87 million received had been spent and that 23 projects were fully expended with 35 still in progress.
Chris Rico, president and CEO of the Solano County Economic Development Corporation, said the county's ARPA revolving loan fund has fully deployed its capital and credited partners and local lenders for engagement. The update included specific local projects: a Vallejo Navigation Center scheduled to open with 125 beds and wraparound services, and Broadway Village, a 47‑unit permanent supportive housing Homekey project at 2441 Broadway near construction completion; staff recommended continued tracking and said any small returned contract balances at fiscal year end will be reported for reallocations. The board asked staff to continue monitoring spenddown timelines to ensure compliance with federal deadlines.
