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2 10. The required application forms and information are to be sent to the U.S. Department of Housing and <br /> Urban Development to complete all application requirements and the Mayor is authorized to sign and <br /> provide the needed documents. <br /> 11. The 2014 Annual Action Plan is hereby approved to be submitted to the U.S. Department of Housing <br /> and Urban Development and to complete all application submittal requirements. <br /> 12. The first priority for HOME funds is for CHIP housing rehabilitation loans,and those funds shall be <br /> allocated to the CHIP program as long as they are needed to fund housing rehabilitation loans. <br /> 13. Up to $300,000.00 in CHIP CDBG loan funds (Fund 197)may be used for downtown building <br /> improvements through a loan program with the same loan rates and terms of owner occupied CHIP <br /> loans. <br /> 14. This year two projects are allocated HOME funds. WHOYO -$186,229.00 and Homesight- <br /> $128,513.00. All additional funds go to the CHIP program. The year from which the HOME funds will <br /> come from will be worked out with Snohomish County within the Snohomish County HOME contracts <br /> going to City Council. <br /> 15. The 2010-2014 Consolidated Plan will be modified to allow development of new subsidized rental <br /> housing east of Broadway and west of McDougall between Wall Street and 35th Street. The attached <br /> map,Exhibit A,will be added to the Consolidated Plan, modifying the existing map shown in Exhibit <br /> B. <br /> • <br /> Councilman Introducing Resolution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS DAY OF , 2014. <br /> Council President <br /> 16 <br />