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o4-- <br /> L HOUSING EVERETT <br /> CONSOLIDATED PLAN <br /> Community Development Block Grant, HOME Investment Partnership Fund,Affordable Housing Trust <br /> Fund, and Human Needs Grant Funds <br /> The Consolidated Plan is a five year, long-range plan received to community services, 20%to <br /> that guides the funding of the Community administration/planning, and a minimum of 65%to <br /> Development Block Grant (CDBG) received by the City capital improvement projects . <br /> from HUD. It is created to provide targeted, <br /> qualitative, and quantitative goals for the use of LOW INCOME HOUSING ACTIVITIES THAT CAN BE <br /> federal funds to benefit community members who <br /> are low to moderate income included those who are FUNDED <br /> homeless. It also is a balance of National Objectives <br /> and Goals from HUD, as well as the specific needs of A Acquisition <br /> the city awarded funding. A Construction of new affordable housing units <br /> A Rehabilitation <br /> Every year,the City of Everett receives funds from A Rental Assistance <br /> HUD that are to be distributed to various activities .l Homebuyer Assistance <br /> that support the objectives identified in the <br /> Consolidated Plan.The activities that community 6,000 <br /> agencies apply for each year are part of an Annual Low-Income Renter Cost Burden <br /> Action Plan that is created to break down the 5,000 <br /> objectives based on the annual award received.The ;4,000 <" <br /> Annual Action Plan and the Consolidated Plan are both a 3,000 6,005 ` vJ <br /> overseen by a Community Advisory Committee that o , <br /> selects entities to be awarded with grant funds. The z,000 — -- 4,135 —. <br /> Committee ensures that the Annual Plan aligns with 1,000 — <br /> the Consolidated Plan and that the entities applying 0 �, 1,225 55 <br /> for funds appropriately fit the goals and objectives of <=30%HAMFI >30%TO<=50% >50%TO<=80% <br /> HAMFI HAMFI <br /> the CDBG program. <br /> •Cost burden>30% -Cost burden>50% <br /> The Consolidated Plan is made of a Needs Assessment, <br /> Market Analysis, a 5-year Strategic Plan, and the first <br /> year's Annual Action Plan. Each Annual Action Plan 41%OF HOUSEHOLDS ARE COST <br /> following must pick up where the prior annual plan BURDENED <br /> left off,while supporting the overall goals and <br /> objectives of the Consolidated Plan. <br /> 2019 HOMELESS <br /> Likewise,the 2020—2024 Consolidated Plan will build <br /> on the prior 2015—2019 Consolidated Plan. POINT IN TIME COUNT <br /> To comply with HUD standards,the City will allocate 141 <br /> annually no more than 15% of all federal funds <br /> 1: NEVERETT Community, Planning, and Economic Development 91 P a g e <br /> 11 <br />