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HomeMy WebLinkAboutR-1990-D5813 Rental Rehabilitation ProgramRESOLUTION NO. D 04 58 1 3 A RESOLUTION authorizing and directing the City Manager of the City of Yakima to file an application with the Washington State Department of Community Develop- ment for funding for a rental rehabilitation program in 1990 and 1991. WHEREAS, the City of Yakima contemplates a rental reha- bilitation program for which federal funding is available from the United States Department of Housing and Urban Development, through the Washington State Department of Community Develop- ment; and WHEREAS, the City Council of the City of Yakima deems it to be in the best interests of the City that an application be filed for funding for the purpose mentioned above; now, there- fore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: R. A. Zais, Jr., City Manager of the City of Yakima, is hereby authorized and directed to execute and file the at- tached application documents, including all understandings and assurances contained therein, with the Washington State De- partment of Community Development for funding for the purpose mentioned above; and he further is hereby designated as the official representative of the City to act in connection with that grant request and to provide such additional information as may be required. ADOPTED BY THE CITY COUNCIL this day of 1990. ATTEST: City Clerk (res/rehab.)v) 4.y/74-. Mayor CITY OF YAKIMA OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION 1990-1991 STATE OF WASHINGTON DEPARTMENT OF COMMUNITY DEVELOPMENT RENTAL REHABILITATION PROGRAM CHECKLIST FOR APPLICANTS I. PROJECT SUMMARY II. CERTIFICATIONS III. NEIGHBORfOOD SELECTION A. Neighborhood Map B. Housing Need Considerations C. Neighborhood Income D. Family Income E. Average Rents F. Rent Affordability IV. SPECIFIC PROJECT SELECTION V. PROGRAM ADMINISTRATION A. Housing Experience B. Tenant Assistance and Relocation C. Property Owner Agreement D. Memorandum of Understanding E. Market Demand And Financing 1) Program Marketing 2) Client Selection Process 3) Subsidy Mechanism 4) Private Matching Funds F. Construction Management 1) Eligible Repairs 2) Cost Estimates and Inspections 3) Federal Labor Standards 4) Bid Process 5) Non -Discrimination & Equal Opportunity G. Program Schedule H. RRP Introductory Seminar I. Program Management and Compliance VI. PAST PERFORMANCE EVALUATION VII. CENTRALIZED RENTAL REHABILITATION PROGRAM VIII. RURAL DEMONSTRATION PROGRAM IX. ATTACHMENTS A. Neighborhood Map B. Rental Rehabilitation Program Schedule x .111.111.1111.1. 1990 PROGRAM DESCRIPTION/APPLICATION APP LI 6 COMPLET HIS S CTION UOJECT SUTlMARY A. IDENTIFICATION Applicant Address Contact Person Address Phone City of Yakima 179 Nprrjl 7nri SrrPPr Yakima, 112 South 8th Street. Yakima, W4 9R901 (509) 575-6101 Cooperating Public Housing Authority Yakima Housing Authority Address Contact Person 110 Fair Avenue Yakima, WA 98901 Roland Le Address 110 Fair Ave. Phone Yakima, WA 9890 (509) 4 06 B. APPLICANT YPE -- CHECR ONE PO ACH C TE ORY De -Centralized Program Centralized Program Rural Demonstration Program C. PROJECT FUNDING SOURCE ion Amount Washington State Rental Rehabilitation $ 100.000 Program Request 2. 50 percent rehabilitation match $ (owner -investors, lenders, CDBG, etc.) Yakima Valley Ban P'.. First Interstate Bank, Seafirst Bank, Yaki,l $ Federal Savings and Loan, F and Loan, U.S. Bank CABG Minimi m $ lnp,nnn 200,000 PRO Program Administration (CDBG, Community General Funds, RRP, etc.) DCD Total project funding C SUMMARY Amount $ An9, ooa 1. Number of units to be rehabilitated 4n 2. Number of Section 8 certificates/vouchers or requested 20 / 70 3. Brief program description The Rental Rehabilitation Program takes the existing rents, less operating costs to find the cash flow. The units are predetermined to need a certain amount of funds to bring them to a housing standard. The existing cash flow will purchase a certain amount of funds on the private market. The difference between the amount of needed funds, and the amount that can be purchased with the cash flow is the amount of subsidy needed to accomplish the work. This subsidy is a loan to be repaid after the private market resource funding. E. AUTHORIZING SIGNATURES Chief Executive Officer of the Lead Applicant 2. Chief Executive Officer of Cooperating Housing Authority Chief Executive Officer of Co -Applicant (if applicable) 4. Chief Executive Officer of Co -Applicant (if applicable) ame Signature N/A_ Name N/A Signature N/A Title Date Title Date Title Signature Chief Executive Officer N/A of Co -Applicant (if applicable) Date Name N/A Signature (Add page for any additional Co -Applicants) 4 Ti e Date II. CERTIFICATIONS In authorizing this application, the applicant city or county or private non-profit organization agrees to operate the Rental Rehabilitation Program (RRP) in conformance with the following certifications: A. The applicant will conduct and administer its RRP in accordance with the requirements of 24 CFR 511 published in the Federal Register on May 14, 1990. The applicant will conduct and administer its RRP in accordance with the Washington State Policies and Procedures for managing the RRP. C. That all answers are correct to the best of applicant's knowledge. NAM OF LEAD APPLICANT City of Yakima Office of HoucinC and Najghhorhond Conservation Richard A. Zais, Jr. CHIEF EXECUTIVE Name Signature 5 Tt1e Date