Title
Approval of a Resolution Authorizing the 2022 Home Fund Grant Agreement with Homes First
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve of a Resolution authorizing the 2022 Home Fund Grant Agreement with Homes First for $410,714.
Report
Issue:
Whether to approve of a Resolution authorizing the 2022 Home Fund Grant Agreement with Homes First for $410,714
Staff Contact:
Darian Lightfoot. Housing Programs Manager, 360.280.8951
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Home Fund Advisory Recommendation:
The Olympia Home Fund Advisory Board unanimously recommended awarding Homes First $410,714. Funding from the Olympia Home Fund will be used to leverage secured and pending funds to acquire five single-family homes in Thurston County and build two detached auxiliary dwelling units (DADUs) on properties Homes First owns in Lacey, WA for a total of 11 new units of affordable housing for households with incomes of less than 30% AMI. One unit will be reserved for a family exiting houselessness, eight units will be reserved for adults with developmental disabilities, with the remaining two units for those individuals or families with incomes of less than 30% AMI.
Background of the Home Fund:
The Olympia Home Fund was created in 2018 by a sales tax levy approved by Olympia voters. Proceeds from the Home Fund Account are used to construct affordable and supportive housing and housing-related purposes, including mental and behavioral health facilities, and for costs for operations, maintenance, delivery, and evaluation of mental health programs and services, or housing-related services, as allowed by RCW 82.14.530.
2022 Home Fund Capital Award Criteria:
The Home Fund Advisory created criteria for the 2022 award based on the 2018 sales tax levy approved by Olympia voters. The Criteria included:
* Construct new affordable housing units, shelter beds, or treat...
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