Resolution 7118 - Laserfiche WebLink

4. 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. 5. 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. 6. 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$305,000.00 for 2017. 7. 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 2017. 8. 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. 9. 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. 10. For the following programs/projects: Interfaith Association operations, Cocoon House operations, Domestic Violence Services operations, Minor Home Repair, Cocoon House Colby Avenue Youth Shelter, ChildStrive Security System, 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. 11. The Mayor is authorized to execute the contracts and necessary documents to implement the funding for the HopeWorks Station project. If the HopeWorks Station project is unable to meet the commitment deadline for the Pre-2015 HOME Funds award or if the project is awarded funding by Snohomish County or another funding source that fills the $1,100,000 project funding gap identified by the applicant,the funds, or any residual funds, shall be awarded to Catholic Housing Services for the Everett Safe Street Supportive Housing project. If neither project can meet the requirements of the award deadline or the funds are no longer necessary for project funding, the Pre-2015 HOME funds will be directed to an expanded Tenant Based Rental Assistance program administered by Snohomish County for the City. 12. The required application forms and information are to be sent to the U.S. Department of Housing and Urban Development to complete all application requirements and the Mayor is authorized to sign and provide the needed documents. 13. The first priority for HOME funds is for CHIP housing rehabilitation loans, and those funds shall be allocated to the CHIP program as long as they are needed to fund housing rehabilitation loans.