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EXHIBIT B-1 <br /> APPROVED CONTRACT BUDGET - AMENDMENT #1 <br /> COST REIMBURSEMENT <br /> PROGRAM TITLE: HOPEWORKS STATION RESIDENTIAL <br /> AGENCY: HOUSING HOPE PROPERTIES / HOPEWORKS STATION <br /> RESIDENTIAL LLLP <br /> ADDRESS: 5830 Evergreen Way, Everett, WA 98203 <br /> CONTRACT PERIOD: In accordance with Section I-G <br /> REVENUE SOURCES: HOME Investment Partnership Program <br /> FEDERAL AUTHORITY: 42 U.S.0 12701 et seq. <br /> FEDERAL ID/GRANT #: M17-DC530201 FEDERAL AWARD DATE: 9/22/17 <br /> FUNDS AWARDED UNDER THIS CONTRACT: TERM Federal Sources TOTAL <br /> CFDA 14.239 (HOME) 20 yrs $500,537 $500,537 <br /> (converts to County Compliance Period after 20 yrs, <br /> for total 40 yr term) <br /> TOTAL COUNTY FUNDS AWARDED: $500,537 <br /> OTHER SOURCES TERM Federal Sources TOTAL <br /> Tax Credit Equity $13,060,000 <br /> Federal Energy Credits $159,000 <br /> Snohomish County HOME 40 yrs $600,000 $600,000 <br /> State of Washington Commerce 40 yrs $1,750,000 <br /> National HTF $950,000 <br /> State HTF ($50,000) <br /> State Housing Trust Fund - UHEE ($750,000) <br /> Sponsor Reloan - Federal Home Loan Bank -AHP 40 yrs $500,000 <br /> Sponsor Loan - HopeWorks Social Enterprises 40 yrs $592,320 <br /> Deferred Developer Fee Loan 15 yrs $653,842 <br /> GP Sponsor pledge for PY2018 HOME funds $100,000 <br /> TOTAL $1,550,000 $17,415,162 <br /> Match Requirement for County HOME Contract $500,537 <br /> HOME Match @ 25% $125,134 <br /> TOTAL ALL SOURCES: $17,915,699 <br /> Exhibit B-1 <br /> Housing Hope Properties <br /> Page 1 of 4 <br />