HomeMy WebLinkAbout09/20/2022 06.H. Resolution authorizing a contract with Yakima Housing Authority, in the amount of $300,000 of HOME Investment funds for acquisition reimbursement for the construction of a 54-unit low income affordable housing project located at 1116 FruiBUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 6.H.
For Meeting of: September 20, 2022
ITEM TITLE:Resolution authorizing a contract with Yakima Housing Authority, in
the amount of $300,000 of HOME Investment funds for acquisition
reimbursement for the construction of a 54-unit low income
affordable housing project located at 1116 Fruitvale Blvd.
SUBMITTED BY:Joan Davenport, Community Development Director
Archie Matthews, ONDS Manager (509) 575-6101
SUMMARY EXPLANATION:
The Yakima Housing Authority has requested HOME funds from the City of Yakima for acquisition
reimbursement for the construction of a 54 unit multifamily affordable housing project known as
Fruitvale Housing, located at 1116 Fruitvale Blvd. This project will assist low income families 50%
of which will be homeless at entry. This project completed zoning and environmental review
necessary for site development. The approval process took approximately 6 months.
The project, known as “Fruitvale Housing” is estimated to be over 16.5 Million dollars in project
development costs. Funding is from a partnership including Housing Trust Fund ($3,500,000),
Dept. of Ecology ($100,000), LIHTC ($11,867,358), and YHA Deferred fee of ($131,000).
As the annual recipient of HOME Investments funds from the Department of Housing and Urban
Development (HUD) the City of Yakima must invest these funds for Affordable Housing within its
jurisdiction. The City of Yakima, in granting available HOME funds allows for continued decent,
safe, and affordable housing within the City of Yakima that serves low to moderate income
citizens.
Projects that receive funding from the City of Yakima HOME program must be consistent with the
City Consolidated Plan, which guides HOME funding, as well as the City Comprehensive Plan.
Funding through the HOME program requires the applicant to have a HUD compliant
Management Plan and ensure the housing units meet affordability requirements for a minimum of
20 years.
ITEM BUDGETED:Yes
STRATEGIC PRIORITY:Neighborhood and Community Building
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
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RE C O M M E ND AT I O N:
A dopt Resolution
AT TAC HM E NT S :
Description Upload Date Type
Resolution 9/8/2022 Resolution
YHA Fruitvale Housing Contract 9/8/2022 Contract
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RESOLUTION NO. R-2022 -
A RESOLUTION authorizing an agreement with Yakima Housing Authority in
the amount of up to Three Hundred Thousand dollars
($300,000) in Federal Housing and Urban Development
HOME funds for acquisition reimbursement for construction
of 54 low-income housing units.
WHEREAS, the city received money from the federal government’s HOME funding
program under CFDA Contract # 14.239 in the amount of $300,000 which must be used to
invest in affordable housing in the City of Yakim a; and
WHEREAS, Yakima Housing Authority owns, operates and manages numerous low
to moderate income housing units within the City of Yakima, including a series of multi-family
housing units for low to moderate income persons and families; and
WHEREAS, Yakima Housing Authority wishes to construct Fruitvale Housing, a
development consisting of 54 low income units for low income persons and seeks funding for
land acquisition, which is an eligible activity under the HOME program, and
WHEREAS, the City has available HOME funds to assist Yakima Housing Authority to
acquire the land for Fruitvale Housing, and
WHEREAS, pursuant to federal requirements, 2 of those units will be monitored for
HUD HOME Investment affordability beginning at the time of completion as outlined in the
contract, through a period of not less than twenty (20) years, and
WHEREAS, The City Council of the City of Yakima finds that it is in the best interests
of the City and its residents to enter into an agreement with Yakima Housing Authority to
provide funding for land acquisition for development of 54 units of low income housing with
federal monies provide by HUD through the HOME investments program; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is hereby authorized to execute an Agreement with Yakima Housing
Authority in the amount of Three Hundred Thousand Dollars ($300,000) in Federal Housing
and Urban Development HOME Investment funds for land acquisition for development of 54
units of affordable housing for low income persons and families, two of which will be monitored
for twenty years under the affordability requirements of HUD HOME program requirements. A
copy of the agreement is attached hereto and incorporated herein.
ADOPTED BY THE CITY COUNCIL this 20th day of September, 2022.
Janice Deccio, Mayor
ATTEST:
Sonya Claar Tee, City Clerk
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