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Charlotte to receive stimulus money to help struggling families

By Joe Bruno, wsoctv.com

Uptown skyline Coronavirus CHARLOTTE, NORTH CAROLINA - APRIL 07: A general view of the empty streets during the coronavirus (COVID-19) pandemic on April 07, 2020 in Charlotte, North Carolina. The State Department of Health and Human Services has reported more than 3,200 confirmed cases of the virus. (Photo by Streeter Lecka/Getty Images) (SL/Getty Images)

By Joe Bruno, wsoctv.com

CHARLOTTE — The city of Charlotte will be receiving millions of dollars from the federal stimulus, and leaders will develop relief programs for residents with that money.

The city is expecting $3.4 million in community-development block grant money.

There will be $1.2 million dedicated to mortgage relief for 350 families earning up to 80% areas medium income, which is about $63,000 for a family of four.

About $1.1 million will be dedicated to rent relief for 350 families in that same income range.

Another $1.1 million will be used to help up to 700 people who are homeless with security deposits.

Around $175,000 will be used to help 250 families with utility payments

The city of Charlotte is also creating a $1 million -grant program for microbusinesses, which are businesses in Charlotte with fewer than five employees.

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