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It also becomes a critical tool in seeking other sources of funding. Almost all affordable housing is built <br /> using multiple sources of funding. One of the most competitive sources is 9%tax credits administered by the <br /> Washington SI:Itc !lousing Finance Commission. Tax credit awards are made annually on a competitive <br /> basis and there are always far more applications for credits than there are credits available. One of the point <br /> categories upon which applications are scored is for a local funding commitment. Although not yet finalized, <br /> there appears to be almost unanimous support for making an impact fee waiver an allowable source for an <br /> applicant to claim the points in this category. In other words, passing this impact fee waiver will make <br /> Housing Hope. the Everett Housing Authority, Cocoon House, Catholic Community Services, the YWCA, <br /> indeed, all Snolmm ish County applicants and applications more competitive for 9%tax credit awards. <br /> Safe, stable, affordable housing is the foundation upon which better lives are built. Ask any affordable <br /> housing provider in Everett and they will quickly tell you of the people who are doing better because they <br /> had access to affordable housing. Whether it is a formally homeless family who finds shelter and a path <br /> forward through I lousing Hope's College of Hope, or a mentally ill person who finds peace and stability in <br /> Compass I l c a h h housing, or a disabled veteran who can finally begin healing the wounds of war at <br /> Sebastian's 1'1.u.:c. .a ilordable housing is a critical part of their journey. <br /> I urge you to puss C f3 1607-29. Together we can continue creating an Everett full of hope and community for <br /> all. <br /> Best regards, <br /> Mark Smith <br />