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HomeMy WebLinkAboutR-1994-054 Home Entitlement Program• • RESOLUTION NO. R-94-54 A RESOLUTION authorizing and directing the City Manager and the City Clerk of Yakima to execute an agreement with the Department of Housing and Urban Development for funding for the Home Entitlement Program WHEREAS,the United States Department of Housing and Urban Development has funds available to Yakima in the amount of $416,000 to assist its citizens to preserve and improve the existing housing stock and provide affordable housing, and WHEREAS,the City Council of the City of Yakima deems it to be in the best interests of the City that it enter into an agreement for funding for the purpose mentioned above, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Manager and City Clerk of the City of Yakima are hereby authorized and directed to execute the agreement with the United States Department of Housing and Urban Development for funding in the amount of $416,000 for the Home Entitlement Program ADOPTED BY THE CITY COUNCIL THIS lothday of May :1994 ATTEST )<CC.A...e._ _ 2 GVY.c� City Clerk Q \44- Mayor RESOLUTION NO. R-94 -16 A RESOLUTION authorizing and directing the City Manager of the City of Yakima to file an application with the United States Department of Housing and Urban Development for funding of the 1994 HOME Entitlement Grant WHEREAS, the City of Yakima contemplates a Rental Rehabilitation Program for which federal funding is available from the United States Department of Housing and Urban Development, and WHEREAS, the City Council of the City of Yakima deems it to be in the best interest of the City that an application be filed for funding for the purpose mentioned above, now therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: R.A. Zais, City Manager of the City of Yakima, is hereby authorized and directed to execute and file the attached 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 22nd day of February 1994. Si PATRICIA A. BERNDT Mayor ATTEST: City Clerk Mr. Richard A. Zais City Manager City of Yakima City Hall Yakima, WA 98901 U.S. Department of Housing and Urban Development Seattle Office, Region X Seattle Federal Office Building 909 First Avenue Suite 200 Seattle, Washington 981041tX - i APR 2 8 994 ,1 r i Dear Mr. Zais: The 1994 HOME Program Description submitted by the city of Yakima has been reviewed by our staff and approved. Consequently, I: am pleased to transmit to you the 1994 HOME Investment Partnership Agreement in the amount of $416,000. We have added to the city's original submissions your updated certifications which relate specifically to the HOME program. Enclosed is the Partnership Agreement which constitutes the contract between the Department of Housing and Urban Development and Yakima. You should note particularly any special conditions included i Item 11 of the Agreement. Failure to execute and return two copies of the Agreement within 60 days of the transmittal date may be deemed to constitute rejection of the agreement and cause for HUD to determine that the funds are available for reallocation to other participating jurisdictions. Allocations for the HOME Program will be managed through a Cash and Management Information System (HOME C/MIS). The HOME C/MIS will disburse program funds as well as collect homeowner and tenant data to monitor- compliance with many of the statutory and regulatory HOME Program requirements. In order to establish a Line of Credit for the Fiscal Year 1994 grant, it will be necessary for you to execute and return two copies of the Grant Agreement. In. addition, if there is a need to delete or add individuals authorized to access the Voice Response System (VRS), a VRS Security Access Authorization Form (HUD -27054) must be prepared, notarized, and returned to the address on the form. A separate HUD - 27054 should be completed for each individual you wish to authorize to request payments through the Voice Response System. You should have at least two persons authorized to access the system and -request funds. The HUD -27054s should be returned. to the address on the form,. Also, if there is a need to establish or change the depository account to which these grant fundis are to be wired, a Direct Deposit Sign -Up Form (SF -1199A) must be completed by you and your financial institution and mailed to the following address: 2 HOME Program P.O. Box 23997 L'Enfant Plaza Station Washington, D.C. 20026 Upon receipt of the SF -1199A, the HUD -27054s and the Agreement executed by you, HUD will establish a Line of Credit in your name and transmit to you the assigned Voice Response project number for this Agreement. Please note that the HOME C/MIS will automatically recapture (deobligate) HOME funds in the HOME Investment Trust Fund Treasury Account by the amount of: 1. Any funds ofthat theare monthnot inobligated thewithin after HOME Investment Partnership lastday Agreement was executed; 2. Any funds not expended within five years after the last day of the month in which the funds were obligated; and 3. Any penalties assessed by HUD under Section 92.551. The date of obligation is the date HUD executed the HOME Investment Partnership Agreement. Also, certain activities are subject to the provisions of 24 CFR Part 58 (Environmental Review Procedures for HUD programs). Funds for such activities may not be obligated or expended unless the release of funds has been approved in writing by HUD. A request for the release of funds must be accompanied by an environmental certification. Appropriate forms are enclosed. We look forward to working with you on this year's program. If I may be of any assistance, please call me at (206) 220-5101. Should your staff need any assistance in connection with this letter or other items related to the HOME program, please have them contact John W. Peters, Regional Director, Office of Community Planning and Development, at (206) 220-5150. Sincerely, Bob Santos Secretary's Representative Enclosures cc: Dixie Kracht Executive Summary For the past eighteen years, the Office of Housing and Neighborhood Conservation (OHNC) has successfully implemented a housing program for the City of Yakima, Washington with entitlement block grant funds. Participation by the City of Yakima in the HOME program will enable OHNC to expand, as well as complement existing housing programs offered to community residents. Because the City of Yakima has been designated as a fiscally distressed area, a 50% reduction in match requirement funds of the HOME program will be implemented. This is exhibited in the program's design and proposed activities. These programs are demonstrative of the CHAS programs and efforts in both the Annual and Five Year Plan. A federal allocation of $416,000, the city's UDAG repayment funds of $42,000 and the State of Washington's Home funds of $42,000 will make up the total budget of $500,000. The budget will disburse 10% of funds for administration, 15% for certified Community Housing Development Organization (CHDO) and 75% for other programs such as the purchase of a nonprofit elderly association and the continuation of the city's rental rehabilitation program. All projects specified benefit individuals at or below 80% of the median income. The City of Yakima is enthused about obtaining entitlement status in the HOME program and will be looking forward to a successful program in the coming years. Description of Major Activities: Type of Activity: Program Administration Funding Amount: $50,000 Matching Amount: N/A Total $50,000 Activity: Program administration funds will be used to pay for staffing and operational costs of HOME program activities. Eligibility: 24 CFR Part 92 Subpart E -Program Requirements 92.206 Eligible Costs (f) Administrative and Planning Costs; a participating jurisdiction may expend for its HOME administration and planning cost an amount of HOME funds that is not more than ten percent. Benefit: Non Applicable Descri tion of N./2h! Activities: Type of Activiity: Comrnunity Housing Developarnt Organization (CHDO) Funding Amount: $75,000 Matching Amount: N/A Total $75,000 Activity: Distribution of funds to certified CHDO"s for implementation of affordable housing programs and projects. CHDO will be required to submit program design and benefits derived from the requested funds. This will be reviewed prior to program allocation. Eligibility: 24 CFR Pare 92 Subpart G-Cornmunity Housing Development Organizations 92.300 Set-aside for community housing development organizations (CHDOs). (a) For a period of 24 months after the allocation (including, for a state, funds reallocated under 92.451(c)(2)(i) and, for a unit of general local government, an allocation transferred from a state under 92.102(b) is made available to a participating jurisdiction, the participating jurisdiction must reserve not less than 15 percent of these funds for investment only in housing to be developed, sponsored, or owned by community housing development organizations. Benefit: Development of low/moderate income family housing units. Description of Major Activities: Type of Activity: Chestnut Manor Association Funding Amount: $325,000 Matching Amount: $325,000 State Housing Trust Fund Total $650,000 Activity: HOME program funds will be provided to the Chestnut Manor Association for the purchase of the building located at 27 South 4th Street, Yakima, Washington. This purchase will assure long-term affordable rental units to 46 elderly families. Eligibility: 24 CFR Part 92 Subpart F -Project Requirements 92.252 Qualification as affordable housing and income targeting: Rental housing. (a) Rent Limitation. A rental housing project (including the non -owner -occupied units in housing purchased with HOME funds in accordance with 92.254) qualifies as affordable housing under this part. Benefit: Low/moderate, elderly family rental units. 5 Description of Mir Activities: Type of Activity: Rental Rehabilitation Funding Amount: $50,000 Matching Amount: $12,000 (Rental Rehabilitation Repayment Funds) Total $62,000 Activity: HOME program funds will provide the matching monies for the rehabilitation of privately owned rental units occupied by low and moderate income community residents. These funds will be repaid after the lender loan is repaid for reuse in the program for future years. Eligibility: 24 CFR Part 92 Subpart F -Project Requirements 92.251 Property standards. (a) Housing that is assisted with HOME funds, at a minimum, must meet the housing quality standard; in 882.109 of this title. In addition, housing that is newly constructed or substantially rehabilitated with HOME funds must meet all applicable local codes, rehabilitation standards, ordinances and zoning ordinances. 92.252 Qualification as affordable housing and income targeting: Rental housing. (a) Rent Limitation. A rental housing project (including the non -owner -occupied units in housing purchased with HOME funds in accordance with 92.254) qualifies as affordable housing under this part. Benefit: Low/moderate income families.