HomeMy WebLinkAboutR-1993-089 HOPE / Housing / HUDRESOLUTION NO. R-93 89
A RESOLUTION authorizing and directing the City Manager and the City
of Yakima to file an application with the Department of
Housing and Urban Development for funding for a Hope III
Program.
WHEREAS, the United States Department of Housing and Urban
Development has funds available to cities to assist its citizens in
purchasing single family properties held by federal, state, or local
governments; and
WHEREAS, the City Council of the City of Yakima deems it to be in
the best interests of the City that it file an application for funding for the
purpose mentioned above, now, therefore,
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 application documents,
including all understandings and assurances contained therein, with the
United States Department of Housing and Urban 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 24th day of August , 993
ATTEST:
Mayor
City Clerk
CITY OF YAKIMA
OFFICE OF HOUSING AND NEIGHBORHOOD CONSERVATION
HOPE #3 PROGRAM SUMMARY - 93/94
"HOPE 3" proposes to continue a homeownership program that not only
offers affordable first time homeownership for low/moderate income
families, but saves dwelling units from the community's housing market
designated for demolition or removal.
The program is designed to accept donations of proposed housing units
deemed for demolition or removal because of public or private expansion.
Block Grant and Washington State Housing Assistance Program Funds will
be used to purchase the lots. A combination of specialty contractors and
volunteers will be doing the rehabilitation work. Proposed federally
acquired defaulted homes will use the same rehabilitation concept.
Approximately twenty homes will be incorporated into the program to
provide first time homeownership opportunities to community families
with income levels below 80% and above 50% of the federal median income
guidelines.
Families will be selected from an established waiting list comprised
primarily from the previous Hope 3 waiting list. Each family will be
prequalified and counseled on housing affordability and program
requirements. All families will be required to commit 300 hours of work
in the home rehabilitation efforts in lieu of a down payment. They will
also be financially responsible for the first year property tax and
insurance. Repayment of the moving costs and rehabilitation will be in
monthly installments with the land being deferred from repayment until
sale or title transfer. Thirty percent of their gross monthly income will
be used to pay utilities, taxes, insurance and housing payment costs.
Applicants must be a first time homebuyer, have no bankruptcy or felony
convictions with -in three years, no credit lien, collection or judgements.
The established area for this project will be east of 16th Avenue within
the city limits. For the past sixteen years, this section of the city has
been used as an urban renewal area and has the highest number of low
income families, minorities and oldest housing stock.
The program will be established as a partnership between the Housing
Foundation (HF) and City of Yakima Office of Housing and Neighborhood
Conservation (OHNC).
This partnership will be established through a Memorandum of
Understanding between the parties outlining the responsibilities of each
party.
OHNC will develop the leadership role and be responsible for the approval
of land acquisition, accounting and family acceptance. The Housing
Foundation will do cost estimates, identify land, move homes, coordinate
volunteers and contractors and oversee rehabilitation.
After rehabilitation, ownership will be transferred to the familly in fee
simple title. This transfer will be part of the housing counseling required
by the program covering home maintenance, budget counseling and title
documents.
The program will be called "eve a E ouse - Create a Home". The
initial program has been established and has a two year history of success
in the development of seventeen (17) homes.