Title
Approval of a Resolution Authorizing the 2022 Home Fund Capital Awards for Supportive Housing
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to adopt a Resolution approving the Home Fund Advisory Board's recommendation authorizing the 2022 Home Fund Capital Awards for Supportive Housing to (1) Family Support Center of South Sound for $1,100,000 and (2) Homes First for $410,714.
Report
Issue:
Whether to adopt a Resolution approving conditional award letters for the 2022 funding round for the Olympia Home Fund for affordable housing acquisition and construction.
Staff Contact:
Darian Lightfoot, Housing Programs Manager, 360.280.8951
Presenter(s):
Darian Lightfoot, City of Olympia
Background and Analysis:
Home Fund Advisory Board Recommendation:
The Olympia Home Fund Advisory Board unanimously recommends making two conditional awards. One award would fill a funding gap so Family Support Center's project can stay on schedule for construction. The second award would support the purchase of additional homes and construction of Detached Accessory Dwelling Units on Homes First's property.
Since the Family Support Center's project is nearly fully funded and is the most ready to proceed to construction and already has a Home Fund commitment, the Home Fund Advisory Board prioritized that project.
Award letters drafted by staff (attached) would accompany future applications for funds and make this project more competitive against similar projects in other jurisdictions. If all funds are awarded and other award letter criteria are met staff would draft grant agreements (contracts) for Council's review and future approval.
Overview of Requests and Recommendations:
Applicant
Populations Served
Units
Request
Recommended Award
Family Support Center
Homeless families
62
$1,100,000
$1,100,000
Homes First
Low-income people with disabilities
11
$410,714
$410,714
Family Support Center of South Sound
T...
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