2011/03/30 Council Agenda Packet

Cocoon House(CDBG) • U-Turn Teen Resource Drop-In Center $70,000.00 Friends of Youth (2060) Facility Improvements and M&O $8,500.00 Community Housing Improvement Program (HOME) Housing Improvement Loans $651,685.00 Total $1,808,756.70 Total(Public Services &Non-Public Services) $1,967,952.33 Budget Sources 2011 Estimated CDBG Entitlement $952,185.95 HOME funds (estimated $451,685.00—2011 and reallocated $651,685.00 $200,000.00 from Home for Good) 2011 Housing Trust 2060 Funds $138,892.12 CDBG Reallocations Diversified Industries $175,000.00 Snohomish County Weatherization $21,888.38 CDBG Contingency $145.76 Everett Housing Authority Acquisition $11,787.38 Cocoon Shelter $1,050.74 Acorn $2,500.00 YMCA Childcare $12,817.00 Total Budget Sources $1,967,952.33 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)will be used for CHIP housing rehabilitation purposes other than described in this resolution. This is estimated at $250,000.00 for 2011. 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 2011.