Snohomish County Human Services 3/6/2018 (2)

EXHIBIT B STATEMENT OF WORK EVERETT — COMMUNITY HOUSING IMPROVEMENT PROGRAM PROJECT DESCRIPTION The Agency operates the Everett- Community Housing Improvement Program ("CHIP"). Pursuant to this Agreement, under its CHIP program, the Agency will provide HOME-assisted low-interest loans to low-income homeowners to rehabilitate their homes within the corporate limits of the Agency and the Agency's Urban Growth Area. The purpose of the program is to assist low- income homeowners to remain in their homes and to help maintain the current affordable housing stock in decent, safe, and sanitary condition. II. SERVICES PROVIDED A. The proceeds of the subgrant and program income under this Agreement will be used to provide home rehabilitation loans under the Agency's CHIP program in accordance with the provisions of this Agreement, including but not limited to, the project requirements in Section III of Exhibit A and this Exhibit B. B. The HOME loans provided will be in the form of deferred payment non- amortizing home rehabilitation loans for terms of fifteen to twenty-five years that accrue at three percent per annum simple interest. Loan amounts typically range between $2,500 and $100,000, with an estimated average loan of $45,000. Loan terms and payments shall be as set forth in the Agency's Community Housing Improvement Program Operating Procedures Manual, dated October 2012, and as subsequently amended with notice provided to the County. C. To carry out the Project, the Agency shall maintain a technical staffing function which provides direct program support. This technical staffing function shall include HOME eligibility determination, inspection of homes to identify critical health and safety deficiencies and other needed rehabilitation work, preparation of work write ups, assisting homeowners in soliciting general and trade contractors, oversight of construction progress, ensuring work is performed to required property standards, and completing loan underwriting and debt service functions. Exhibit B HCS-17-42-1701-198 City of Everett Page 1 of 2