Snohomish County Human Services 10/24/2016

1. Property Type. Enter code to indicate the type of borrowed,a principal reduction payment,or the property assisted: effective interest rate,an interest subsidy (1) 1-4 Single Family payment, on a privately originated loan.) (2) Condominium (3) Deferred Payment Loan(DPL). Enter the (3) Cooperative amount of HOME funds provided through loans (4) Manufactured where payment of principal and interest is deferred 2. Completed Units: Total Number: HOME Assisted: until a future time and enter the interest rate and Enter the total number of completed units and the told amortization period, if any. A DPL is sometimes number of HOME Assisted units. called a conditional grant(e.g., repayment is required when the property is sold,or is forgiven if F. Units the owner does not sell the property for a specified 1. Of the units completed,the number: number of years or repayment of principal and Total and Home-Assisted Meeting Energy Star interest starts after the bank loan is repaid.) Standards. Enter the total number of completed units (4) Other. Enter the total amount of HOME funds that meet Energy Star standards and the number of provided for subsidy funding that is other than the HOME-Assisted units that meet Energy Star standards. type of loan/grant assistance identified in the above items listed in(1)through(3). Energy Star applies to substantial rehabilitation. It is a Total HOME Funds. Enter the total of items(1) system for achieving and verifying a level of building through(4)as the amount of HOME funds expended. performance with respect to energy efficiency. The 2. Public Funds. performance level is certified by third party contractors. (1) Other Federal Funds. Exclude any HOME funds See www.energystar.gov for more information. expended. (2) State/Local Funds. Total and HOME Assisted 504 accessible. Enter the (3) Tax Exempt Bond Proceeds. Report funds used total number of completed units and completed HOME for development costs only. assisted units that are 504 accessible. Total Public Funds. Enter the total of items(1) through(3)as the amount of Public Funds Note: IDIS will default the answers to zero if units are expended. not entered in these fields. 3. Private Funds. (1) Private Loans. Enter the amount of all of the 2. PJ Imposed period of affordability. Homeowner costs that have been paid with funds obtained rehab activities do not have a statutory or regulatory from private financial institutions,such as banks, minimum period of affordability. If you are imposing a savings and loans, and credit unions,and enter period of affordability enter the number of years here. the interest rate and amortization period of the To indicate a period of affordability in perpetuity enter loan. If there are multiple loans,enter the interest "99." rate and term of the largest loan. (Do not double count.) G.Property Address (2) Owner Cash Contribution. Enter the amount of 1. Homeowner's Name. (Optional) all cash contributions provided by the homebuyer. 2. -6. Homeowner's Street Address,City,State,Zip (3) Private Grants. Enter the amount of cash Code and County Code. Self-explanatory. contributions provided by private organizations, foundations,donors,etc. H.Costs Total Private Funds. Enter the total of items(1) Include all HOME funds used for the activity and all other through(3)as the amount of Private Funds expended. funds(public and private). Do not double count. If private 4. Activity Total or Total Address. Enter the sum of funds are used for construction financing and those funds totals for HOME funds, Public funds and Private funds. are later replaced by permanent financing and those funds are later replaced by permanent financing, do not report I. Beneficiaries. both. Report all HOME funds expended on the activity. Complete one line for the head of household of each (Note: Federal regulations specifically prohibit paying back residential unit that is receiving homebuyer assistance from HOME funds with HOME funds.) For funds other than the HOME Program. HOME,to the extent a choice must be made to avoid double counting, report permanent financing rather than Unit Number. Enter the unit number of each unit that will construction financing. The total amount of HOME funds receive HOME assistance. reported in the block titled"Total HOME funds"(item(1) must equal the total amount disbursed through IDIS for this Number of Bedrooms. Enter 0 for a single room activity. occupancy(SRO)unit or for an efficiency unit, 1 for 1 bedroom,2 for 2 bedrooms,3 for 3 bedrooms,4 for 4 Value After Rehab. Enter the dollar value of the property. bedrooms, and 5 for 5 or more bedrooms. The dollar value is the appraised value of the property before rehabilitation plus the total rehabilitation cost(i.e.all Occupant. For homebuyer activities,one unit must be materials,supplies and labor costs directly related to the owner occupied. If there are tenant occupied units,enter 1 rehabilitation of the property). for tenant or 9 for vacant. 1. HOME Funds(Including Program Income). Percent of Area Median Income. For each occupied (1) Amortized Loan. Enter the amount of HOME residential unit,enter one code only based on the following funds provided for this activity in the form of an definitions: amortized loan. If there are multiple loans,enter 1. 0—30 Percent of Area Median Income refers to a the interest rate and term of the largest loan. household whose annual income is at or below 30 (2) Grant. Enter the amount of HOME funds provided percent of the median family income for the area,as without any repayment requirements. (Note:A determined by HUD with adjustments for smaller and grant may be used to reduce the principal amount larger families. Exhibit D HCS-16-42-1601-198 City of Everett Page 5 of 6