HomeMy WebLinkAboutResolution No. 391CITY OF MEDINA, WASHINGTON
RESOLUTION NO. 391
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MEDINA, WA AUTHORIZING THE DULY -APPOINTED
ADMINISTERING AGENCY FOR ARCH TO EXECUTE ALL
DOCUMENTS NECESSARY TO ENTER INTO AGREEMENTS FOR
THE FUNDING OF AFFORDABLE HOUSING PROJECTS, AS
RECOMMENDED BY THE ARCH EXECUTIVE BOARD, UTILIZING
FUNDS FROM THE CITY'S GENERAL FUND ALLOCATION
WHEREAS, A Regional Coalition for Housing (ARCH) was created by interlocal
agreement to help coordinate the efforts of Eastside cities to provide affordable housing; and
WHEREAS, the ARCH Executive Board has recommended that the City of Medina
participate in the funding of certain affordable housing projects and programs hereinafter
described: and
WHEREAS, the ARCH Executive Board has developed a number of recommended
conditions to ensure that the City's affordable housing funds are used for their intended purpose
and that projects maintain their affordability over time; and
WHEREAS, the City Council has approved the Amended and Restated Interlocal
Agreement for ARCH; and
WHEREAS, the City Council desires to use City funds as to finance the projects
recommended by the ARCH Executive Board; now, therefore,
THE CITY COUNCIL OF THE CITY OF MEDINA, WA, DOES RESOLVE AS FOLLOWS:
Section 1. The City Council authorizes the duly -appointed administering agency of
ARCH pursuant to the Amended and Restated Interlocal Agreement for ARCH to execute all
documents and take all necessary actions to enter into Agreements on behalf of the City to fund
Imagine Housing's 306ellevue and Imagine Housing's Esterra Block 613 in a combined total
amount not to exceed $13,465.
Section 2. The Agreements entered into pursuant to Section 1 of this resolution shall be
funded in a combined amount not to exceed that set forth in Section 1. Such Agreements shall
include terms and conditions to ensure that the City's funds are used for their intended purpose
and that the project maintains its affordability over time. In determining what conditions should
be included in the Agreements, the duly -appointed administering agency of ARCH shall be
guided by the recommendations set forth in the ARCH Executive Board's memorandum of
January 6, 2017, a copy of which is attached hereto as Exhibit A.
PASSED AND ADOPTED by the City Council of the City of Medina this 13t" day of
March, 2017, and signed in authentication of its passage this 13t" day of March 2017.
Approved as to form:
Kathleen J. HaggarNOity Attorney
Porter Foster Rorick, PLLC
.
Mayor �
Alex Norcos
Attest:
di tmofl �h u &uY1AJYt
Aimee Kellerman, City Clerk
Resolution No. 391 Page 1 of 1
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MEMORANDUM
TO: City of Bellevue Council Members
City of Clyde Hill Council Members
Town of Hunts Point Council Members
City of Issaquah Council Members
City of Kenmore Council Members
City of Kirkland Council Members
City of Medina Council Members
City of Mercer Island Council Members
City of Newcastle Council Members
City of Redmond Council Members
City of Sammamish Council Members
City of Woodinville Council Members
Town of Yarrow Point Council Members
FROM: Peter Troedsson, Chair, and ARCH Executive Board
DATE: January 6, 2017
RE: Fall 2016 Housing Trust Fund (HTF) Recommendation
The ARCH Executive Board has completed its review of the two applications for the Fall 2016 Housing
Trust Fund round. The Executive Board recommends funding for two projects. Recommendations total
$932,429, with a contingency award of up to an additional $400,000 as summarized in the attached table,
Proposed Funding Sources. The actual amount will depend on final action by the City Councils.
Following is a summary of the applications, the Executive Board recommendation and rationale, and
proposed contract conditions for the two proposals recommended for funding at this time. Also enclosed
are:
• Exhibit 1: Summary of Trust Fund Applications
• Exhibit 2: Summary of Funding Leveraging
• Exhibit 3: Economic summary for 3013ellevue
• Exhibit 4: ARCH Funding by City
• Exhibit 5: Summary of funded projects to date
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1. Imagine Housing 30Bellevue
Funding Request: $432,429 in addition to the previously awarded $442,571 for a total
funding award of $875,000 (Deferred, Contingent Loan).
plus 8 Section 8 Vouchers (from the 2015 round)
62 Units
Exec Board Recommendation: $432,429 additional (Deferred, Contingent Loan). Up to an
additional $400,000 contingency per funding condition number 2
See attached Funding Chart for distribution of City Funds
Project Summary
Imagine Housing (IH) —which owns 13 properties with 485 units of low-income housing in East King
County — has refined its 3013ellevue new construction project collocated with St. Luke's Lutheran Church,
which also houses the Sophia's Place homeless shelter for women and the rotating men's shelter operated
by Congregations For the Homeless. This project received $432K predevelopment funding in the 2015
Trust Fund round along with a reservation of 8 Section 8 vouchers. The revised proposal is for a 62 unit
family rental project with up to 50% of the units (31 units) set aside for homeless individuals and
households (increase from 20%), but still also keeping up to a 20% set aside for disabled units (13 units).
Ten of the disabled set -aside units would overlap with those for the homeless, three would be occupied by
developmentally disabled residents who receive services from Alpha Supported Living. The revised
proposal includes additional three bedroom units which Imagine Housing is requesting an additional 20
vouchers for the project to help cover operational and debt service costs.
The site is in North Bellevue near the interchange between I-405 and SR 520. It is within the walkshed of
the South Kirkland Park and Ride. The proposed building is two and four levels of wood construction
over one level of structured parking, management office, service provider space and elevator lobby. A roof
garden will be provided on the 3 story portion. This section of the building is stepped down to fit within
the zoning height restriction. The building is designed to serve households at 30%, 40% and 60% of Area
Median Income (AMI).
Funding Rationale:
The Exec Board supported the intent of this application for the following reasons:
• Development targets range of lower income households
• Homeless unit set -asides
• Is responsive to the issues raised during review of the initial application such as incorporating more
3 bedroom units and including units for developmentally disabled individuals.
• The project expands residential development within the North Bellevue area
• Church and applicant have worked with city and neighborhood for comprehensive plan and zoning
updates for the site
• Site has access to transit and shopping
• Project leverages a substantial amount of Tax Credit equity
• Applicant has continued to make meaningful progress on advancing the project
• Relatively low per unit ask to ARCH
• Applicant has site control and entitlement process is underway
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• Experienced applicant
Special Conditions:
Note: These conditions replace the funding conditions associated with the predevelopment funding
award made during the 2015 Trust Fund application round.
The 2016 funding award is $432,429 for a total award of $875,000. $442,571 in Bellevue and King
County -administered CDBG was awarded through the 2015 funding round. The funding commitment
shall continue for twelve (12) months from the date of Council approval and shall expire thereafter if
all conditions are not satisfied. An extension may be requested to ARCH staff no later than sixty (60)
days prior to the expiration date. At that time, the applicant will provide a status report on progress to
date, and expected schedule for start of construction and project completion. ARCH staff will consider
a twelve month extension only on the basis of documented, meaningful progress in bringing the project
to readiness or completion. At a minimum, the applicant will demonstrate that all capital funding has
been secured or is likely to be secured within a reasonable period of time.
2. Funds shall be used by Imagine Housing toward soft costs, design, permits and construction. Funds
may not be used for any other purpose unless City or Administering Agency staff have given written
authorization for the alternate use. Spending of construction contingency must be approved in
advance by City or Administering Agency staff. If after the completion of the project there are budget
line items with unexpended balances, the public funders shall approve adjustments to the project
capital sources, including potentially reductions in public fund loan balances.
3. In addition to the $875,000, ARCH is making a contingency award subject to ARCH Executive Board
approval of up to $400,000 to make up any shortfall in tax credit pricing below $1.05 per dollar. The
ARCH contingency contribution will be 40% of any additional public funds required. These
additional funds would be specifically tied to Construction Contingency. ARCH staff shall review and
approve all charges against Construction Contingency. In order to minimize the need for the
additional contingency funding, Imagine Housing shall make every effort to underwrite debt, minimize
operating and debt reserves, negotiate the highest price for the tax credits and explore all avenues for
cost savings including, but not limited to reducing the floor area of units, better construction pricing,
better terms on conventional construction and permanent debt, reducing the time of construction and/or
better pricing on the land, or change in unit mix in order to minimize the funding gap created by the
lower pricing of tax credits. Any request to the ARCH Executive Board for a contingency funding
award will include information regarding other actions taken by Imagine Housing to minimize need for
contingency funding. .
4. Funds will be in the form of a deferred, contingent loan. Loan terms will account for various factors,
including loan terms from other fund sources, available cash flow and receipt of an asset management
fee or deferred developer fee to the Applicant and project reserves. Final loan terms shall be
determined prior to release of funds and must be approved by City staff. Based on the preliminary
development budget, it is anticipated that loan payments will be based on a set repayment schedule,
and begin after repayment of the deferred developer fee (approximately year 4), with 1% interest.
The terms will also include a provision for the Applicant to a deferment of a payment if certain
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conditions are met (e.g. low cash flow due to unexpected costs). Any requested deferment of loan
payment is subject to approval by City or Administering Agency staff, and any deferred payment
would be repaid from future cash flow or at the end of the amortization period.
5. The net developer fee shall be established at the time of finalizing the Contract Budget. With the
current budget, it is anticipated that the Net Developer Fee inclusive of any project management fees
and incidental costs incurred by the developer, shall not exceed $1,037,000 based on the current size
and description of the project. Net developer fee is defined as that portion of the developer fee paid
out of capital funding sources and does not include the deferred portion which is paid out of cash flow
from operations after being placed in service.
6. Until such time as any deferred developer fee is fully repaid, all cash flow after payment of operating
expenses and debt service, shall be used to repay the deferred developer fee unless otherwise approved
by City or Administering Agency staff. After full repayment of deferred developer fee Imagine
Housing shall be entitled to an asset management fee. The amount of the asset management fee will
account for various factors including project operating budget and debt repayment. Final asset
management fee will be determined at time of funding agreement and must be approved by City staff.
7. A covenant is recorded ensuring affordability for at least 50 years, with size and affordability
distribution per the following table. Minor adjustments to the mix may be considered upon ARCH
Executive Board approval in order to address reduced tax credit pricing. Affordability levels will be
defined using the requirements for tax credits, and utility costs will be based on King County Housing
Authority allowances, or as otherwise approved by City or Administering Agency staff.
Affordability**
Studio
1 BR
2BR
3BR
Total
30% *
7
5
12
7
31
40% *
------
14
1
1
16
60%
------
11
2
2
15
Total **
7
30
15
10
62
* 8 Section 8 vouchers awarded in the 2015 round can be utilized in very low income units can utilize
Section 8 vouchers. They can be used in a combination of studio, one, two and three bedroom units.
The final mix of units benefiting from vouchers will be approved by City or Administering Agency
staff. Considerations in the determination of unit mix will include overall need in the community, unit
mix of existing federally assisted and Section 8 assisted housing in East King County, and Section 8
program requirements.
* * 1 or 2 of the units will not be rent- or income -restricted. The final contract will update the
affordability chart to account for the non -restricted units which will be approved by City or
Administering Agency staff.
8. Initially, up to 50% of the units will be set aside for occupancy by households transitioning out of
homelessness. These units will initially be filled through coordinated entry, but flexibility will be
maintained to change how units may be filled based on adequacy of available funding and actual
experiences at the site and within the community. Imagine Housing shall work with Coordinated
Entry for All around matching tenants to the level of services provided (Imagine proposes 1.5 FTE day
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time, week day staffing) and prioritizing family units for households with Eastside connections such as
with children in Bellevue and Kirkland schools as well as Sophia Way shelter guests. City or
Administering Agency staff shall approve any change to the number of units serving the homeless and
the level of services provided.
9. Based on the availability of adequate support services, up to 20% of the units will be set aside for
households with disabilities, unless otherwise approved by City or Administering Agency staff.
Applicant will make units available to at least 3 developmentally disabled persons on Core Waivers.
At initial occupancy one bedroom and a three bedroom unit will be made available for this population.
Any changes to the minimum number or configuration of developmentally disabled units shall be
subject to approval by City and Administering Agency staff.
10. Imagine Housing shall provide evidence of meeting the conditions of entitlement including but not
limited to the number of parking spaces required and shared between the various uses on the site.
11. Imagine Housing shall submit for review and approval a management plan that includes types of
services and programs that will be available for the residents, and how it integrates with the operation
of the church, women's shelter and other uses of the site. The plan shall also address how parking will
be managed on an ongoing basis including how to address tenants and prospective tenants that would
cause the total number of cars to exceed the number of available spaces. The plan shall also include
management procedures to address tenant needs; services provided for or required of tenants;
management and operation of the premises; targeted outreach to community; a summary of ARCH'S
affordability requirements as well as annual monitoring procedure requirements.
2. Imagine Housing Esterra Park Block 6B
Funding Request: $2,998,046 (Contingent Loan)
Plus 16 total Section 8 Certificates
220 affordable rental units
Exec Board Recommendation: $500,000 preliminary commitment towards acquisition
See attached Funding Chart for distribution of City Funds
Project Summary
The applicant is Imagine Housing (IH) — a non-profit corporation formed in 1987, which owns 13
properties with 485 units of low-income housing in East King County. They have submitted a project
concept on a parcel within the larger master planned development located on the former Group Health in
the Overlake area of Redmond and adjacent to the proposed Overlake light rail station. The project
concept is a mixed income rental development of 220 units or more It is proposed to be funded as two
components linked by amenity space: a 40+ unit 9% Tax Credit project serving 30% and 50% AMI
households and a 180+ unit 4% Tax Credit project with a mix of units serving 60% AMI households and
20 or more unrestricted units but intended to rent at somewhat below market rent levels. The proposal
also includes a request to allocate 8 Section 8 vouchers to each component. The proposal responds to the
TOD funding (Bonding of the Hotel/Stadium Tax) available from King County. The 9% TC portion will
make half of its units available to homeless households in response to King County's funding priorities.
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The proposed building is five levels of wood construction over one or two levels of structured parking.
The ground level will include space for a YMCA -operated childcare facility. A roof garden will be
provided on both portions.
Besides the childcare center, the new development will contain shared courtyard, lobby, management
office, laundry and possible retail space. Common spaces (which include a clubroom) and residential
units will be designed according to the principles of universal design.
Funding Rationale:
The Exec Board recognizes the application for funding is early, and that a number of details are still being
considered and fleshed out, therefore a partial award recommended with a requirement to apply for full
funding award in a future round.
The Exec Board supported this application and recommends partially funding with conditions listed below
for the following reasons:
• Development targets range of income levels for families and individuals, including set asides for
homeless
• Well situated site which has easy access to transit, employment, shopping and services
• Increases the affordability in the master planned development and potential to significantly
leverage resources through city housing provisions
• Contributes to distributing affordable housing throughout the community
• Site could accommodate childcare facility
• Project eligible for County TOD funds
• Project leverages a substantial amount of Tax Credit equity and debt
• Imagine pursuing private social investments for a portion of the capital costs.
• Experienced applicant
Imagine Housing will be expected to provide an updated funding application to ARCH in the upcoming
round that addresses the items listed under Condition 4.
Special Conditions:
Funds will be used for site acquisition and may not be used for any other purpose unless City staff has
given written authorization for the alternate use.
2. Submit monitoring reports quarterly providing updates on progress on predevelopment activities and
progress in meeting the funding conditions.
3. In the event an updated application for full funding is received during the 2017 funding round, the
funding commitment for the funds shall be extended to 18 months from the date of Council approval.
An extension may be requested to City or Administering Agency staff no later than sixty (60) days
prior to the expiration date. City or Administering Agency staff will consider an extension only on the
basis of documented, meaningful progress in bringing the project to readiness or completion. In the
event an updated application is not received in 2017 or if an evaluation by the Executive Board prior to
the fall funding round indicates that funding conditions cannot be met within the 18 month funding
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condition period, then the ARCH Executive Board will be authorized to have the funding award
expire.
4. Imagine Housing shall reapply to ARCH in the 2017 round for the balance of local funds needed to
combine with other sources to fully fund the project. In that application, Imagine Housing shall
address the following:
• Application to County for Transit Oriented Development funding
• Approaches to significantly reduce the request to public fenders through working with the City of
Redmond to secure reduced land costs and/or in -lieu payments from adjacent properties
• Confirm the unit count, unit mix and distribution over income levels and set -asides
• Updated operating budget including, if any, HOA dues within the Master Plan
• Demonstrated progress on incorporating a social investment component into the overall project
financing
• Project phasing plan including financing/cash flow plan to cover development expenses for each
phase in the event project is developed in phases
• Amount of parking required by the city for the overall site including the proposed housing and
childcare, and as needed a proposal for managing parking
• Including a non-profit operated childcare facility and explore opportunities for affordable
childcare for residents
• How the Agency will do local targeted marketing outreach to local businesses and community
organizations
• Construction cost estimates
5. Funds will be in the form of a deferred, contingent loan. Loan terms will account for various factors,
including loan terms from other fund sources and available cash flow. Final loan terms shall be
determined during the review of the final application and prior to release of funds and must be
approved by City or Administering Agency staff. The terms may also include a provision for the
Agency to a deferment of a payment subject to approval by Administering Agency or City staff, if
certain conditions are met (e.g. low cash flow due to unexpected costs). Any deferred payment would
be repaid from future cash flow or at the end of the amortization period.
6. A covenant is recorded ensuring affordability for at least 50 years, with affordability for all income -
restricted units at 60% or less and a mix of unit sizes. Affordability levels will be defined using the
requirements for tax credits, and utility costs will be based on King County Housing Authority
allowances, unless otherwise approved by Administering Agency or City staff.
7. Net developer fee shall not exceed ARCH schedule.
8. Imagine Housing shall submit for review and approval a management plan that includes types of
services and programs that will be available for the residents, and how it integrates with the operation
with the childcare facility. The plan shall also address how parking will be managed on an ongoing
basis, and shall also include management procedures to address tenant needs; services provided for or
required of tenants; management and operation of the premises; targeted outreach to community; a
summary of ARCH's affordability requirements as well as annual monitoring procedure requirements.
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Standard Conditions:
1. The Applicant shall provide revised development and operating budgets based upon actual funding
commitments, which must be approved by city staff. If the Applicant is unable to adhere to the
budgets, City or Administering Agency must be immediately notified and (a) new budget(s) shall be
submitted by the Applicant for the City's approval. The City shall not unreasonably withhold its
approval to (a) revised budget(s), so long as such new budget(s) does not materially adversely change
the Project. This shall be a continuing obligation of the Applicant. Failure to adhere to the budgets,
either original or as amended may result in withdrawal of the City's commitment of funds.
2. The Applicant shall submit evidence of funding commitments from all proposed public sources. In the
event commitment of funds identified in the application cannot be secured in the time frame identified
in the application, the Applicant shall immediately notify City or Administering Agency, and describe
the actions it will undertake to secure alternative funding and the timing of those actions subject to
City or Administering Agency's review and approval.
3. In the event federal funds are used, and to the extent applicable, federal guidelines must be met,
including but not limited to: contractor solicitation, bidding and selection; wage rates; and Endangered
Species Act (ESA) requirements. CDBG funds may not be used to repay (bridge) acquisition finance
costs.
4. The Applicant shall maintain documentation of any necessary land use approvals and permits required
by the city where the projects are located.
5. Submit monitoring reports quarterly through completion of the project, and annually thereafter. Submit
a final budget upon project completion. If applicable, submit initial tenant information as required by
City or Administering Agency.
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EXHIBIT 1
ARCH HOUSING TRUST FUND (HTF) APPLICATIONS
2016
Applicant
Funds Requested
Grant/Loan /
� �
Recommendation
Housing
T e/
�
# of units/
bdrms
Income
Served
Project
Location
Duration
of benefit
Total cost
per unit
HTF
cost per
p
affordable unit
Project
completion
p
Imagine Housing
$875,000
Family rental
31 @ 30%
3030 Bellevue
50 Years
S374,702/unit
$14,113/unit
Summer 2018
3013ellevue
Loan
housing
16 @ 40%
Way NE
28 Section 8 vouchers
15 @ 60%
Bellevue
62
+Impact Fee waivers
50% Homeless
20% Disabled
(with 10 of those
units overlapping
with homeless)
Imagine Housing
$2,998,046
Family rental
20@ 30%
1561h Ave NE @
50 years
$295,650/unit
$14,990/unit
Spring 2020
Esterra
Loan
Housing
20 @ 50%
NE 27th St
(Combined)
16 Section 8 vouchers
160 @60%
Redmond
220
20@ Mkt
+Impact Fee Waivers
20 homeless units
+Possible MFTE
EXHIBIT 2
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ARCH HOUSING TRUST FUND, 2016
Leveraging Funds - -
Imagine Housing
30Bellevue
Imagine Housing
Esterra (Combined)
TOTAL
Prior ARCH Commitment
New ARCH Request
$442,571
$432,429
$2,998,046
$442,571
$3,430,475
ARCH TOTAL
$
875,000
4%
$ 2,998,046
5%
$
3,873,046
King County
Prior KC Commitment
HOF/HOME/CDBG
2060/2163
Veterans/Human Services
TOD
$1,813,533
$4,300,000
$7,800,000
$6,113,533
KC TOTAL
$
1,813,533
8%
$ 12,100,000
19%
$
13,913,533
Prior WA Commitment
WA HAP
WA HTF
WA HFC (Equity Fund)
WSHFC Washington Works
$2,000,000
$2,000,000
WA TOTAL
$
2,000,000
9%
$ -
$
2,000,000
Federal/HUD
Section 811
McKinney
Other (VA Per Diem)
$0
$0
$0
$0
FEDERAL TOTAL
$
0%
Tax Credits
$13,641,643
59%
$20,170,000
31%
$33,811,643
Prior Tax Credit Commitment
0%
$0
Other Prior
0%
$0
TCAP
0%
$0
Bonds
0%
$0
Bank Loans
$4,800,000
21%
$21,555,647
33%
$26,355,647
Deferred Developer Fee
$100,000
0%
$2,519,125
4%
$2,619,125
Private
0%
$5,700,000
9%
$5,700,000
Other
$1,364
0%
$1,364
TOTAL COST
1 $
23,231,540
100%
$ 65,042,818
100%
$
88,274,358
1W14:ii0r,r_1
ECONOMIC SUMMARY: IMAGINE HOUSING / 30BELLEVUE
1. Applicant/Description: New construction of 62 affordable rental units for households including up
to 50% of units are for homeless/ and 20% for the disabled
2. Project Location: 3030 Bellevue Way NE, Bellevue
3. Financin Information:
Funding Source
Funding Amount
Commitment
ARCH
$442,571
$432,429
$140,120
Awarded in 2015
Applied for in 2016 (plus up to $400K
additional, contingency)
Fee Waivers
King County
$1,813,533
Awarded in 2016
Commerce Trust Fund
$2,000,000
Awarded in 2016
Tax Credits
$13,641,643
To be applied for in 2017
Private Debt
$4,800,000
To be applied for in 2017
Deferred Developer Fee/GP Equity
$101,364
Committed
TOTAL
$23,371,660
4. Development Budget:
ITEM
TOTAL
PER UNIT
HTF
Acquisition
$2,324,000
$37.484
$392,571
Construction
$16,366,444
$263,975
$111,630
Design
$850,000
$13,710
$309,181
Consultants
$275,521
$4,444
$38,885
Developer fee
$1,183,550
$19,090
Finance costs
$865,735
$13,963
$15,000
Reserves
$433,640
$6,994
Permits/Fees/Other
$1,072,770
$17,303
7,733
TOTAL
$23,371,660
$376,962
$875,000
5. Debt Service Coverage: Debt service payments will be finalized upon commitment. Basic terms will
include a 50 year amortization, deferral of payments for a period of approx. 4 years, 1 % interest, and
ability to request a deferral of annual payment to preserve economic integrity of property.
6. Security for City Funds:
• A recorded covenant to ensure affordability and use for targeted population for 50 years.
• A promissory note secured by a deed of trust. The promissory note will require repayment of the loan
amount upon non-compliance with any of the loan conditions.
7. Rental Subsidy: 28 Section 8 Vouchers (8 awarded in 2015; balance per King County)
EXHIBIT 4 EXHIBIT A
2016 HOUSING TRUST FUND: PROPOSED FUNDING SCOURCES
1PROJECT
SOURCE
Imagine Housing
3013ellevue
Imagine Housing
Esterra Park
TOTAL
Request
$
432,429
$
3,115,661
$
5,548,090
CAB Recommendation
$
832,429
$
500,000
$
1,332,429
(incl.
$400,000
contingency)
Current Funding
Sub -Regional
CDBG
$
-
Bellevue
CDBG
$
-
General Fund
$
356,084
$
213,883
$
569,967
Clyde Hill
General Fund
$
10,587
$
6,359
$
16,947
Hunts Point
General Fund
$
1,627
$
977
$
2,605
Issaquah
General Fund
$
49,907
$
29,977
$
79,883
Kenmore
General Fund
$
40,163
$
24,124
$
64,287
Kirkland
CDBG
$
-
General Fund
$
276,594
$
166,137
$
442,731
Medina
General Fund
$
8,412
$
5,053
$
13,465
Mercer Is.
General Fund
$
16,211
$
9,737
$
25,948
Newcastle
General Fund
$
4,789
$
2,877
$
7,666
Redmond
CDBG
$
-
General Fund
$
51,424
$
30,888
$
82,312
Sammamish
General Fund
$
9,912
$
5,954
$
15,866
Woodinville
General Fund
$
5,591
$
3,358
$
8,949
Yarrow Point
General Fund
$
1,126
$
676
$
1,802
TOTAL
I
I $
832,429
1 $
500,000
1 $
1,332,429
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FIGURE 1
ARCH: EAST KING COUNTY TRUST FUND SUMMARY
LIST OF CONTRACTED PROJECTS FUNDED (1993 - 2015)
Pct of Total Distribution
Project Location Owner Units/Beds Funding Allocation Target
1. Family Housin
Andrews Heights Apartments
Bellevue
Imagine Housing
24
$400,000
Garden Grove Apartments
Bellevue
DASH
18
$180,000
Overlake Townhomes
Bellevue
Habitat of EKC
10
$120,000
Glendale Apartments
Bellevue
DASH
82
$300,000
Wildwood Apartments
Bellevue
DASH
36
$270,000
Somerset Gardents (Kona)
Bellevue
KC Housing Authority
198
$700,000
Pacific Inn
Bellevue *
Pacific Inn Assoc. *
118
$600,000
Eastwood Square
Bellevue
Park Villa LLC
48
$600,000
Chalet Apts
Bellevue
Imagine Housing
14
$163,333
Andrew's Glen
Bellevue
Imagine Housing
10 /11
$387,500
August Wilson Place
Bellevue ***
LIHI ***
45
$800,000
YWCA Family Apartments
Bellevue
YWCA
12
$100,000
30 Bellevue
Bellevue
Imagine Housing
52
$354,056
Parkway Apartments
Redmond
KC Housing Authority
41
$100,000
Habitat - Patterson
Redmond **
Habitat of EKC **
24
$446,629
Avon Villa Mobile Home Park
Redmond **
MHCP **
93
$525,000
Terrace Hills
Redmond
Imagine Housing
18
$442,000
Village at Overlake Station
Redmond **
KC Housing Authority **
308
$1,645,375
Summerwood
Redmond
DASH
166
$1,187,265
Coal Creek Terrace
Newcastle **
Habitat of EKC **
12
$240,837
RoseCrest (Talus)
Issaquah **
Imagine Housing **
40
$918,846
Mine Hill
Issaquah
Imagine Housing
28
$450,000
Clark Street
Issaquah
Imagine Housing
30
$355,000
Lauren Heights (Iss Highlands)
Issaquah **
Imagine Housing/SRI **
45
$657,343
Habitat Issaquah Highlands
Issaquah **
Habitat of EKC **
10
$318,914
Issaquah Family Village I
Issaquah **
YWCA **
87
$4,382,584
Issaquah Family Village II
Issaquah **
YWCA **
47
$2,760,000
Greenbrier Family Apts
Woodinville **
DASH **
50
$286,892
Crestline Apartments
Kirkland
Shelter Resources
22
$195,000
Plum Court
Kirkland
DASH
61 /66
$1,000,000
Francis Village
Kirkland
Imagine Housing
15
$375,000
Velocity
Kirkland **
Imagine Housing **
46
$901,395
Copper Lantern
Kenmore **
LIHI **
33
$452,321
Highland Gardens (Klahanie)
Sammamish
Imagine Housing
54
$291,281
Habitat Sammamish
Sammamisl- ** ***
Habitat of KC ***
10
$853,000
REDI TOD Land Loan
Various
Various
100 est
$500,000
Homeowner Downpayment Loan
Various
KC/WSHFC/ARCH
87 est
$615,000
SUB -TOTAL
2,094
$24,874,572
2. Senior Housing
Cambridge Court
Bellevue
Resurrection Housing
20
$160,000
Ashwood Court
Bellevue *
DASH/Shelter Resources *
50
$1,070,000
Evergreen Court (Assisted Living)
Bellevue
DASH/Shelter Resources
64 /84
$2,480,000
Bellevue Manor / Harris Manor
Bellevue / Redmond
KC Housing Authority
105
$1,334,749
Vasa Creek
Bellevue
Shelter Resources
50
$190,000
Riverside Landing
Bothell **
Shelter Resources
50
$225,000
Kirkland Plaza
Kirkland
Imagine Housing
24
$610,000
Athene (Totem 2)
Kirkland ***
Imagine Housing ***
73
$880,000
Heron Landing
Kenmore
DASH/Shelter Resources
50
$65,000
Ellsworth House Apts
Mercer Island
Imagine Housing
59
$900,000
Providence Senior Housing
Redmond **
Providence **
74
$2,239,000
Greenbrier Sr Apts
Woodinville **
DASH/Shelter Resources **
50
$196,192
SUB -TOTAL
669
$10,349,941
54.0% (56%)
22.4% (19%)
1W14:ii0r,r_1
FIGURE 1
ARCH: EAST KING COUNTY TRUST FUND SUMMARY
LIST OF CONTRACTED PROJECTS FUNDED (1993 - 2015)
Pct of Total Distribution
Project
Location
Owner
Units/Beds
Funding Allocation Target
3. Homeless/Transitional Housing
Hopelink Place
Bellevue **
Hopelink **
20
$500,000
Chalet
Bellevue
Imagine Housing
4
$46,667
Kensington Square
Bellevue
Housing at Crossroads
6
$250,000
Andrew's Glen
Bellevue
Imagine Housing
30
$1,162,500
August Wilson Place
Bellevue ***
LIHI ***
12
$200,000
Sophia Place
Bellevue
Sophia Way
20
$250,000
30 Bellevue
Bellevue
Imagine Housing
13
$88,514
Men's Shelter
TBD
Congregation for Homeless (C
50
$700,000
Dixie Price Transitional Housing
Redmond
Hopelink
4
$71,750
Avondale Park
Redmond
Hopelink (EHA)
18
$280,000
Avondale Park Redevelopment
Redmond **
Hopelink (EHA) **
60
$1,502,469
Fetter Court
Kirkland
KITH
4
$100,000
Francis Village
Kirkland
Imagine Housing
45
$1,125,000
Velocity
Kirkland ***
Imagine Housing ***
12
$225,349
Athene (Totem 2)
Kirkland ***
Imagine Housing
18
$220,000
Rose Crest (Talus)
Issaquah **
Imagine Housing **
10
$229,712
Lauren Heights (Iss Highlands)
Issaquah **
SRI **
5
$73,038
Issaquah Family Village I
Issaquah '*
YWCA **
10
$503,745
SUB -TOTAL 323 $7,528,743
4. Special Needs Housing
16.3% (13%)
My Friends Place
K.C.
EDVP
6 Beds
$65,000
Stillwater
Redmond
Eastside Mental Health
19 Beds
$187,787
Foster Care Home
Kirkland
Friends of Youth
4 Beds
$35,000
FOY New Ground
Kirkland
Friends of Youth
6 Units
$250,000
DID Group Home 7
Kirkland
Community Living
5 Beds
$100,000
Youth Haven
Kirkland
Friends of Youth
10 Beds
$332,133
FOY Transitional Housing
Kirkland **
Friends of Youth **
10 Beds
$252,624
FOY Extended Foster Care
Kirkland **
Friends of Youth **
10 Beds
$112,624
DID Group Home 4
Redmond
Community Living
5 Beds
$111,261
DID Group Homes 5 & 6
Redmond/KC (Bothell)
Community Living
10 Beds
$250,000
United Cerebral Palsy
Bellevue/Redmond
UCP
9 Beds
$25,000
DID Group Home
Bellevue
Residence East
5 Beds
$40,000
AIDS Housing
Bellevue/Kirkland
AIDS Housing of WA
10 Units
$130,000
Harrington House
Bellevue
AHA/CCS
8 Beds
$290,209
DID Group Home 3
Bellevue
Community Living
5 Beds
$21,000
Parkview DID Condos III
Bellevue
Parkview
4
$200,000
IERR DID Home
Issaquah
IERR
6 Beds
$50,209
FFC DID Homes
NE KC
FFC
8 Beds
$300,000
Oxford House
Bothell
Oxford/Compass Ctr.
8 Beds
$80,000
Parkview DID Homes VI
Bothell/Bellevue
Parkview
6 Beds
$150,000
Parkview DO Homes XI
TBD
Parkview
3 Beds
$200,800
FFC DID Home II
Kirkland
FFC
4 Beds
$168,737
SUB -TOTAL
161 Beds/Units
$3,352,384 7.3% (12%)
TOTAL
3,247
$46,105,640 100.0%
* Funded through Bellevue Downtown Program
10%
** Also, includes in -kind contributions (e.g. land, fee waivers,
infrastructure improvements)
*** Amount of Fee Waiver still to be finalized