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Community Housing Improvement Program (CDBG) $100,000 2 <br /> Administration <br /> Total $1,947,329.00 <br /> Total(Public Services&Non-Public Services) $2,072,565.00 <br /> Budget Sources <br /> 2015 CDBG Entitlement $834,904.00 <br /> 2015 HOME funds $292,537.00 <br /> 2014 Housing Trust 2060 Funds $157,917.00 <br /> HOME Reallocations <br /> $787,207.00 <br /> From CHIP and WAHOYO <br /> Total Budget Sources $2,072,565.00 <br /> 2. If the Department of Housing and Urban Development reduces or increases this allocation,each item <br /> will be reduced or increased an equal percentage,including the Community Housing Improvement <br /> Program and Community Development Block Grant Administration. If a reduction is large enough to <br /> cause a burden, as determined by the staff, a new budget will be returned to the City Council for <br /> review and approval. <br /> 3. The Mayor is hereby authorized to make formal application to the U.S. Department of Housing and <br /> Urban Development for funding assistance in accordance with this Resolution and the requirements of <br /> such application. <br /> 4. This Resolution will become part of the formal application to the U.S. Department of Housing and <br /> Urban Development and to the State of Washington. <br /> 5. All payments and income from the Housing Rehabilitation Program(Fund 197)revolving loan fund <br /> will be used for CHIP housing rehabilitation and administrative purposes. This is estimated at <br /> $300,000.00 for 2015. <br /> 6. All payments and income from the Homesight and Parkview Services down payment assistance <br /> programs will be used for down payment assistance. This is estimated at$30,000.00 for 2015. <br /> 7. Capital projects such as recreational facilities, club facilities,health care facilities and similar facilities <br /> using Community Development Block Grant funds are required to match funds at a minimum of a <br /> 50/50 match. This does not apply to neighborhood generated projects this year. <br /> 8. Housing and capital projects funded with Community Development Block Grant,HOME, and Housing <br /> Trust (2060) funds will be loans with terms and conditions brought back in contract form for City <br /> Council approval unless there is other direction given in this resolution. This does not include loans <br /> approved by the Community Housing Improvement Program Loan Review Committee. The loans for <br /> the housing projects will be paid back to the City of Everett. For rehabilitation projects using Rental <br /> Rehabilitation funds there is a minimum of a 50/50 match for these funds now and in the future <br /> 9. For the following programs/projects: Interfaith Association operations, Cocoon House operations, <br /> Domestic Violence Services operations,Kennedy Court, Parkview Services First Time Homebuyers, <br /> Boys and Girls Club Improvements,Minor Home Repair, Habitat for Humanity,and all Public Service <br /> funding approved in this resolution,the Mayor is authorized to execute the contracts and necessary <br /> documents to implement the approved projects 1 <br />