Dept of Housing & Urban Development HUD Grant 8/16/2016

Budget Sources 2016 CDBG Entitlement $768,625 2016 HOME funds $307,365 2016 Housing Trust 2060 Funds $204,357 CDBG Reallocations 2014 Camp Fire Campships $388 2015 Habitat for Humanity $55,000 2014 ChildStrive Facility Improvements $6,659 2014 Neighborhood Clean-Up $23,347 Con-Plan Development $13,365 2012 Domestic Violence Services $2,000 Total for Projects 1,371,126 HOME Reallocations for Tenant Based Rental Assistance Program From 2011 and 2015 CHIP and the Everett Rental Housing Project $580,297 Total Budget Sources $1,951,423 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 staff,a new budget will be prepared and submitted 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)revolving loan fund will be used for CHIP housing rehabilitation and administrative purposes. This is estimated at$300,000.00 for 2016. 6. All payments and income from the Homesight and Parkview Services down payment assistance programs will be used for down payment assistance. This is estimated at$30,000.00 for 2016. 7. Capital projects such as recreational facilities,club facilities,health care facilities and similar facilities using Community Development Block Grant funds are required to match funds at a minimum of a 50/50 match. 8. Housing and capital projects funded with Community Development Block Grant, HOME, and Housing Trust(2060)funds will be loans with terms and conditions brought back in contract form for City Council approval unless there is other direction given in this resolution. This does not include loans approved by the Community Housing Improvement Program Loan Review Committee. The loans for the housing projects will be paid back to the City of Everett. For rehabilitation projects using Rental Rehabilitation funds there is a minimum of a 50/50 match for these funds now and in the future 9. For the following programs/projects: Interfaith Association operations, Cocoon House operations, Domestic Violence Services operations,Parkview Services First Time Homebuyers, Boys and Girls Club Improvements, Minor Home Repair, HopeWorks Station, and all Public Service funding approved in this resolution,the Mayor is authorized to execute the contracts and necessary documents to implement the approved projects.