Laserfiche WebLink
4 LOCAL NEIGHBORHOOD STABILIZATION PROGRAM SUMMARY <br /> 1. Jurisdiction: City of Everett Phone: 425-257-8736 <br /> Address -Mail: 2930 Wetmore Ave., Suite 8A Fax: 425-257-8742 <br /> Address-Street: 2930 Wetmore Ave., Suite 8A Tax ID: 91-6001248 <br /> City, Zip: Everett,WA 98201 County: Snohomish <br /> Email: Dkoenig@ci.everett.wa.us SWV: SWV0000348-00 <br /> 2. Contact Person: David Koenig _ Title: Manager, Long Range <br /> Planning and Community <br /> Address - Mail: 2930 Wetmore Ave., Suite 8A Development <br /> Address -Street: 2930 Wetmore Ave., suite 8A Phone: 425-257-8736 <br /> City, Zip: Everett, WA 98201 Fax: 425-257-8742 <br /> Email: Dkoenig@ci.everett.wa.us <br /> 3. Fiscal Year: From: January 1 To: December 31 <br /> 4. Brief Description of Local Program: The City of Everett will sub-grant the funds to the Everett Housing Authority, <br /> which in turn will work with other local non-profit organizations to use the Local Neighborhood Stabilization Program <br /> funds for three projects: <br /> (1) Purchase Assistance Program, using the funds in the form of down payment assistance. Funds may be used to <br /> either reduce the amount of the first mortgage or to pay the cost of repairs or renovation to a foreclosed home. <br /> (2) Home Purchase and Resale Program, using funds to purchase, rehabilitate and resell foreclosed homes to <br /> eligible families. Upon sale, program funds will convert to soft secondary loans or grants, depending upon <br /> underwriting guidelines. <br /> (3) Land Purchase Program, using funds to purchase foreclosed lots for sale to eligible families. <br /> 5. Local NSP Award: $ $546,899 <br /> 6. Certification of Authorized Official: <br /> As the authorized representative to act in all official matters in connection with the jurisdiction's participation in <br /> the State of Washington Neighborhood Stabilization Program, I submit this Local Neighborhood Stabilization <br /> Program Plan and commit to adhere to the laws and regulations governing the Neighborhood Stabilization <br /> Program. <br /> Signature Date <br /> Ray Stephanson Mayor <br /> Print Name Title <br /> I 8 <br />