Resolution 6850 - Laserfiche WebLink

Boys and Girls Club (CDBG) $11,962 Club Improvements Habitat for Humanity (CDBG) $55,000 Phoenix 2 Community Housing Improvement Program (CDBG) $100,000 Administration Total $1,946,311.00 Total (Public Services &Non-Public Services) $2,071,547.00 Budget Sources 2015 CDBG Entitlement $834,904.00 2015 HOME funds $292,537.00 2014 Housing Trust 2060 Funds $157,917.00 HOME Reallocations From CHIP and WAHOYO $786,189.00 Total Budget Sources $2,071,547.00 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 the staff, a new budget will be returned 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 2015. 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 2015. 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. This does not apply to neighborhood generated projects this year.