2024/02/14 Council Agenda Packet

RESOLUTION Page 3 of 5 CDBG Administration $170,000.00 TOTAL CDBG $1,150,000.00 2. Projects to be funded with HOME funds: Public Service & Non-Public Service Projects (Priority) Funding Washington Home of Your Own (Housing) Funds to provide rehabilitation of roof for existing four-plex benefitting low- income households. $25,000.00 Community Housing Improvement Program (Housing) Loans to conduct home improvement projects for low-income homeowners. $375,000.00 TOTAL HOME $400,000.00 3. Projects to be funded with 2060 Affordable Housing Trust Funds Public Service Projects (Priority) Funding Cocoon House: Cocoon House Transitions (Youth Shelter) Support transitional housing shelter and supportive service costs for homeless and at-risk youth. $51,150.00 Domestic Violence Services: Emergency Shelter (Shelter) Support emergency shelter and service costs for victims and families of domestic violence. $46,500.00 Interfaith: Family Shelter (Shelter) Support emergency shelter and service costs for homeless families. $65,000.00 TOTAL 2060 AHTF $162,650.00 TOTAL CDBG, HOME, 2060 AHTF AWARDS $1,712,650.00 4. Revenue to be received: Funding Source Funding Level 2024 Community Development Block Grant (CDBG) $850,000.00 Prior Program Year (2018, 2022, 2023) Uncommitted and Reallocated CDBG Funds $300,000.00 HOME Program Funds $400,000.00 2024 2060 Affordable Housing Trust Funds (AHTF) $140,000.00 Prior Program Year (2020) 2060 Affordable Housing Trust Funds & Interest (AHTF) $ 22,650.00 TOTAL $1,712,650.00 5. To facilitate timely spending of federal funds in accordance with the City’s agreement with HUD, the City Council approves the Citizens Advisory Committee recommended contingency project for additional fund distribution, if funds become available during