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• <br /> Budget Sources <br /> 2017 CDBG Entitlement(estimated) $730,194 <br /> 2017::1;10ME funds (estimated) $291,997 <br /> 2017 Housing Trust 2060 Funds $187,545 <br /> CDBG Reallocations <br /> 2015 YMCA Childcare $8,275 <br /> 2014 VOA Family& Children's Services $3,295 <br /> 2015 Everett Rental Housing Project $121,950 <br /> 2014 Neighborhood Clean-Up $15,000 <br /> OME Reallocations <br /> 2016 CHIP - $268,999 <br /> Parkview Services $60,486 <br /> - HomeSight $23,513 <br /> 2011, 2013, and 2014 Tenant Based Rental Assistance $208,000 <br /> 201.5 Everett Rental Housing Project TBD $292,537 <br /> it ousing Trust Fund 2060 Reallocations <br /> 2015 Everett Rental Housing Project $27,417 <br /> • <br /> Total Budget Sources $2,239,208.00 <br /> • <br /> 2. If the Department of Housing and Urban Development reduces or increases this allocation, each item will <br /> be reduced or increased an equal percentage, including the Community Housing Improvement Program <br /> and.Community Development Block Grant Administration. If a reduction is large enough to cause a <br /> burden, as determined by staff, a new budget will be prepared and submitted to the City Council for <br /> review and approval. <br /> 3. In the event the affordable housing project is not able to meet the HUD commitment requirements the <br /> Tenant Based Rental Assistance reallocation would be void and the Everett Rental Housing Project award <br /> would be reallocated the Tenant Base Rental Assistance program and including an expansion to the <br /> program to serve other clients in addition to CHART clients in the City of Everett. <br /> 4. The Mayor is hereby authorized to make formal application to the U.S. Department of Housing and Urban <br /> Development for funding assistance in accordance with this Resolution and the requirements of such <br /> application. <br /> 5. This Resolution will become part of the formal application to the U.S.Department of Housing and Urban <br /> Development and to the State of Washington. <br /> 6. All payments and income from the Housing Rehabilitation Program (Fund 197)revolving loan fund will <br /> be used for CHIP housing rehabilitation and administrative purposes. This is estimated at$305,000.00 <br /> for 2017. <br /> 7. All payments and income from the Homesight and Parkview Services down payment assistance programs <br /> will be used for down payment assistance. This is estimated at$30,000.00 for 2017. <br /> 8. Capital projects such as recreational facilities, club facilities,health care facilities and similar facilities <br /> using Community Development Block Grant funds are required to match funds at a minimum of a 50/50 <br /> match. <br /> 72 <br />