Resolution 6607 - Laserfiche WebLink

Budget Sources 2013 CDBG Entitlement(estimated) $732,110.00 2013 HOME funds (estimated) $289,003.00 2013 Housing Trust 2060 Funds $135,505.73 CDBG Reallocations 2012 CHIP Administration& Loans $100,000.00 2008 Consolidated Plan Update $4,457.00 Housing Trust 2060 Funds Reallocations Everett Gospel Mission $6,855.58 Friends of Youth $8,500.00 Total Budget Sources $1,276,431.31 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 and administrative purposes. This is estimated at $300,000.00 for 2013. 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 2013. 7. Capital projects such as recreation and park 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. 8. 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 9. For all Public Service Funding programs, Interfaith Association Operations, Cocoon House operations , Domestic Violence Services operations, Commerce Building Improvements, and Minor Home Repair approved in this resolution,the Mayor is authorized to execute the contracts and necessary documents to implement the approved projects 10. 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. 11. The 2013 Annual Action Plan is hereby approved to be submitted to the U.S. Department of Housing and Urban Development and to complete all application submittal requirements.