Resolution 6173 - Laserfiche WebLink

, Community Housing Improvement Program Rehabilitation Loans ($13,517.00 Reallocated HOME, $308,982.30 2009 HOME, $576,559.40 $69,102.00 CDBG, $184,958.10 CDBG-R) Home for Good $200,000.00 Low Income Housing(Reallocated$200,000.00 HOME) Parkview Services Homeownership Assistance (37,195.00 Reallocated HOME, $80,305.00 HOME, $132,380.00 $14,880.00 ADDI) Boys & Girls Club Casino Road Club Improvements (CDBG) $47,096.00 Everett Housing Authority Madison Villa Apartments Acquisition $500,000.00 (2007 HOME- $170,815.43, 2008 HOME—$239,148.87, 2009 HOME- $90,035.70) Washington Home of Your Own $90,000.00 A Place of Your Own(2060) Total: $2,814,037.90 Total(Public Services &Non-Public Services) $2,990,779.80 Budget Sources 2009 CDBG Entitlement $928,451.00 2009 CDBG-R $249,826.00 2009 HOME funds $479,323.00 Rental Rehabilitation Program $458,730.00 Funds 2008 Housing Trust 2060 Funds $198,893.50 2007 & 2008 ADDI Funds $14,880.00 Reallocations 2007/2008 HOME(WAHOYO) $250,712.00 2007/2008 HOME (Casino Lane $409,964.30 Apts) Total Budget Sources $2,990,779.80 2. If the Department of Housing and Urban Development reduces or increases this allocation, each item will be reduced or increased an equal percentage, including the Community Housing Improvement Program and Community Development Block Grant Administration. If a reduction is large enough to cause a burden, as determined by the staff, a new budget will be returned to the City Council for review and approval. 3. The Mayor is hereby authorized to make formal application to the U.S. Department of Housing and Urban Development for funding assistance in accordance with this Resolution and the requirements of such application. 4. This Resolution will become part of the formal application to the U.S. Department of Housing and Urban Development and to the State of Washington. 5. All payments and income from the Housing Rehabilitation Program(Fund 197) will be used for CHIP housing rehabilitation purposes other than described in this resolution. This is estimated at $200,000.00 for 2009.