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RESOLUTION Page 3 of 5 <br />Community Housing Improvement Program (Housing) <br />Loans to conduct home improvement projects for low-income homeowners. $75,000.00 <br />TOTAL HOME $425,000.00 <br /> <br />3. Projects to be funded with 2060 Affordable Housing Trust Funds <br />Public Service Projects (Priority) Funding <br />Cocoon House: Cocoon House Transitions (Youth Shelter) <br />Support transitional housing shelter and supportive service costs for <br />homeless and at-risk youth. <br />$75,000.00 <br />Domestic Violence Services: Emergency Shelter (Shelter) <br />Support emergency shelter and service costs for victims and families of <br />domestic violence. <br />$75,000.00 <br />Interfaith: Family Shelter (Shelter) <br />Support emergency shelter and service costs for homeless families. $75,000.00 <br />VOA Western WA: Pallet Shelter Project (Shelter) <br />Support emergency shelter and services for a pallet shelter program <br />supporting women and children. <br />$75,000.00 <br />TOTAL 2060 AHTF $300,000.00 <br /> <br />TOTAL CDBG, HOME, 2060 AHTF AWARDS $1,581,250.00 <br /> <br />4. Revenue to be received: <br />Funding Source Funding Level <br />2025 CDBG Entitlement Funds $775,000.00 <br />2023 CDBG Program Year Reallocated Funds $81,250.00 <br />2025 HOME Program Entitlement Funds $425,000.00 <br />2025 2060 Affordable Housing Trust Funds (AHTF) $93,213.01 <br />Prior Program Year (2018 - 2024) 2060 Affordable Housing Trust <br />Funds & Interest (AHTF) $206,786.99 <br />TOTAL $ 1,581,250.00 <br /> <br />5. To facilitate timely spending of federal funds in accordance with the City’s agreement <br />with HUD, the City Council approves the Community Development Advisory Committee <br />recommended contingency project list for additional fund distribution in priority order, <br />if funds become available during the 2025 program year. Accordingly, the following <br />contingency projects would receive an amount based on the original amount requested <br />or total fund reallocation of $150,000.00, whichever is lesser: <br /> <br />Contingency Project List <br />a. City Public Improvements: Downtown Improvements