CITY HALL – Mayor Lyda Krewson released on Friday her suggested guidelines for how to
invest the about $500 million the city expects to receive from President Joe Biden’s American Rescue Plan.
The framework plan is called “Build Back a Better St. Louis.”
“Over the course of the COVID-19 pandemic, we’ve consistently demonstrated our ability to
successfully and efficiently invest critical federal funding into the community to the people and
businesses who need them the most,” Krewson said in a statement. “This framework builds on that
success and further shows our commitment to meeting the immediate and continued health,
humanitarian, and socioeconomic needs of more than 300,000 St. Louisans.”
- Proposed investments include:
- $61 million to tackle the housing crisis, including expanded services and shelters for homeless people; boosted rental and mortgage assistance; and more affordable housing units
- $78.5 million for public safety initiatives, including the stabilization of vacant buildings to build up neighborhoods and promote home ownership, curb criminal activity and prevent lead poisoning; the expansion of the 911 diversion and Cops & Clinicians programs; and the promotion of pay equity and higher salaries for first responders
- $34.75 million to aid jobs and small businesses, including additional grants,
- forgivable loans and seed capital
- $80 million for infrastructure and deferred maintenance, including
- health and safety upgrades to recreation centers, correctional facilities, and water
- $175 million to recoup general revenue lost because of the pandemic
- $19.5 million for the health department including potential replacement or renovation of its headquarters, upgrades and repairs to the city’s animal shelter, and forgivable loans to childcare providers
Half of the city’s allocation from the American Rescue Plan is expected to arrive in early to mid-May, with the balance coming 12 months later. All funds must be invested by Dec. 31, 2024.
The city was picked by the Accelerator for America, United States Conference of Mayors, and Drexel University’s Nowak Metro Finance Lab to be one of the six “first-mover” Stimulus Command Center cities that will set up command centers to coordinate the federal funds and plan for an inclusive recovery. The cities will share ideas, align local priorities and liaise with the Biden administration.