HOME Funds Amend 1 - Laserfiche WebLink

EXHIBIT A-1 PROJECT DESCRIPTION KENNEDY COURT IMPROVEMENT PROJECT I. PROJECT DESCRIPTION From its 2010, 2012 and 2013 HOME set aside, the City of Everett has awarded HOME Investment Partnerships Program funds ("HOME funds") to Housing Hope (the "Agency"), to provide funds for rehabilitation of Kennedy Court for very low- income (at or below 50% of area median income) households. Kennedy Court is an eight (8) -unit multi-family rental project, located at 3228, 3230, & 3232 Norton Avenue, Everett, WA 98201, and is described more fully in Attachment 1. Renter households must meet the requirements set forth in Section III-C-3 of the Agreement and also set forth in Attachment 1-A to the Agreement (the "City HOME Agreement") in order to qualify for the HOME funding. II. SUBCONTRACT The City will enter into a separate HOME Agreement with Housing Hope, in substantially the same form as Attachment 1-A, to provide HOME funds in the amount of $573,298 for the rehabilitation of Kennedy Court for very low-income (at or below 50% of area median income) households within the City of Everett and its Urban Growth Area (the "UGA"). The HOME funds may be used for rehabilitation of properties located within the UGA, as is described and specified in the City's 2012 update to its Comprehensive Plan and as is consistent with RCW 36.70A.130(4)(a). III. PROGRAM GOALS The rehabilitation of Kennedy Court shall be completed as such rehabilitation is defined by the final scope of work approved by the City. A total of seven (7) units in the Project will be assisted by HOME funds. The number of HOME-Assisted Units in the Project may never be less than seven (7) units, including one (1) two-bedroom unit and six (6) three-bedroom units, and the units must be comparable, in size, features, and number of bedrooms to those units originally identified as HOME-Assisted Units. Exhibit A-1 HCS-15-42-1213-198(1) City of Everett Page 1 of 2