HomeMy WebLinkAboutResolution No. 368
Resolution No. 368 Page 1 of 2
CITY OF MEDINA, WASHINGTON
RESOLUTION NO. 368
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; 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
Friends of Youth, Habitat and Providence in an amount not to exceed $10,496.
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 10, 2014, a copy of which is attached hereto as Exhibit A.
Resolution No. 368 Page 2 of 2
PASSED AND ADOPTED by the City Council of the City of Medina this 10th day of
March, 2014, and signed in authentication of its passage this 10th day of March, 2014.
Together Center Campus
16225 NE 87th Street, Suite A-3 ♦ Redmond, Washington 98052
(425) 861-3677 ♦Fax: (425) 861-4553 ♦ WEBSITE: www.archhousing.org
BEAUX ARTS VILLAGE ♦BELLEVUE ♦BOTHELL ♦CLYDE HILL ♦HUNTS POINT ♦ISSAQUAH ♦ KENMORE ♦KIRKLAND
MEDINA♦MERCER ISLAND ♦ NEWCASTLE ♦REDMOND ♦ SAMMAMISH ♦WOODINVILLE ♦YARROW POINT ♦KING COUNTY
(DRAFT) 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: Kurt Triplett, Chair, and ARCH Executive Board
DATE: January 10, 2014
RE: Fall 2013 Housing Trust Fund (HTF) Recommendation
The ARCH Executive Board (EB) has completed its review of the five applications and two
amendments for the Fall 2013 Housing Trust Fund round. In light of two likely preservation
projects totaling 105 units, two projects on city-donated land, and a funding landscape at the
County and State level that is most challenging, the EB recommends funding three projects
currently. Recommendations total $1,300,000 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 EB recommendation and rationale, and proposed
contract conditions for the three proposals recommended for funding at this time. Also enclosed
is an economic summary for the three projects recommended for funding, leveraging charts,
project summary table, and a summary of funded projects to date. It is noted that for two of the
proposals, the EB is recommending funding levels greater than originally requested. There are
several for these recommendations. First, overall State funding was decreased in the current
biennium budget, and the State is using a prescribed list of projects with few priority projects
located in East King County. Second, given the number of projects applying to the County, the
County is unable to offset reductions in potential State funding. Therefore, for local projects to
proceed they may need more local funding than has been typical in the past. Third, changes in
federal guidelines have impacted how the County can make some of its funds available.
EXHIBIT A
2
1. Friends of Youth Extended Foster Care
Funding Request: $100,000 (Secured Grant) Plus 2 Section 8 Vouchers
10 beds
EB Recommendation: $100,000 (Secured Grant) Plus 2 Section 8 Vouchers
See attached Funding Chart for distribution of City Funds
Project Summary:
Friends of Youth is a local agency providing counseling and shelter to homeless youth and
young adults. The application is for funding construction of two new single-family homes to
serve youth in extended foster care on their campus in the Kingsgate neighborhood of Kirkland.
This is in addition to the two homes funded in the prior round. The project will expand the
safety net for youth aging out of traditional foster care, allowing young people up to age 21
referred through the foster care system and in need of enhanced services offered by Friends of
Youth. Each home will house 5 young people and provide residential staff, specialized case
managers, on-site mental health services, like skills classes, and employment and education
support.
To participate in the Extended Foster Care program, youth must agree to actively work toward
their GED, high school diploma, college degree, or vocational certificate or be enrolled in a
program promoting employment or removing barriers to employment. Friends of Youth will
provide the stability they need to reach these milestones and additional tutoring and mentoring
support as needed.
Friends of Youth is purposely designing these new homes to create a shared living experience
and home-like environment. The homes best meets the developmental needs of youth in
Extended Foster Care by creating opportunities to build permanent connections with caring
adults and peers and improving their emotional wellbeing through a positive and structured
living environment.
Funding Rationale:
The EB supported the intent of this application for the following reasons:
• This project increases the number of extended foster care beds by 10 for young adults,
which will be supported through State operating assistance.
• Developer is experienced and successful in serving this population. Provides special
needs housing which is an area we are short of our long term goals.
• Developer has raised 67% of private funding towards the four component projects on the
site along with the Teen Drop-In Center in Redmond. One foundation’s pledge
commitment for a substantial portion of funding for these homes has timing constraints.
• Location of project has access to public transportation, hospital, schools, library and
employment opportunities nearby.
• Should operating support go away, these houses as designed could become income-
restricted rental properties.
EXHIBIT A
3
• Project is first Alternate on the State LEAP list, and thus able to access State funding.
Potential Conditions:
Standard Conditions: Refer to list of standard conditions found at end of this memo.
Special Conditions:
1. The funding commitment shall be 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. ARCH staff will
consider an extension only on the basis of documented, meaningful progress in bringing the
project to readiness or completion
2. Funds will be in the form of a secured grant with no repayment, so long as affordability and
target population is maintained, and the service funds necessary to provide services to this
population are available.
3. A covenant is recorded ensuring affordability for ten (10) beds for at least fifty (50) years at
30% AMI maximum income.
4. Funds shall be used by Friends of Youth toward construction, architecture, engineering,
geotechnical, development and other consultant fees, insurance, permits, fees and hookups,
development period utilities and accounting costs. Funds may not be used for any other
purpose unless ARCH staff has given written authorization for the alternate use.
5. Friends of Youth shall submit quarterly to ARCH updates on the progress of the Capital
Campaign demonstrating active solicitation and amounts pledged and secured against
campaign targets.
6. Prior to starting construction on individual buildings, the Agency shall provide evidence of
commitment of all public and private funds to complete the building(s). Friends of Youth
shall provide documentation of funds raised through the Friends of Youth capital campaign
and/or a corporate guarantee approved by City staff prior to funding.
7. Reserves will be funded out of operations at $4,000 for the first year with an annual increase
of 2.5% per year for replacement reserves and $3,500 for the first year with an annual
increase of 2.5% per year for operating reserves.
8. The Agency shall submit an updated operating budget which demonstrates sufficient
commitment of all public and private operating support in the project including Section 8
subsidy from the King County Housing Authority, and reimbursement rate for extended
foster care. In the event that any operating support funding levels will be reduced, the
Agency shall inform ARCH Staff about the impacts the proposed reduction will have on the
budget and plan for services to clients, and what steps shall be taken to address the impacts.
A new budget or services plan must be approved by the ARCH. In the event of loss of
funding homes could be re-purposed as foster homes.
9. Friends of Youth shall continue with its outreach plan for the campus as submitted to ARCH
with the prior award. The agency shall host an open house to inform neighbors of the new
Extended Foster Care program.
10. Prior to release of funds, the Agency shall submit to ARCH staff for review and approval
drafts of all documents related to the provision of services to residents and management of
the property, including any licensing-related management and service provider plans. These
documents shall at a minimum address: management procedures to address tenant needs;
EXHIBIT A
4
services provided for or required of tenants; management and operation of the premises;
community and neighbor relations procedures; a summary of ARCH’s affordability
requirements as well as annual monitoring procedure requirements.
2. Habitat Sammamish Cottage Demonstration Project
Funding Request: $200,000 (Secured Grant)
10 Homeownership Units
EB Recommendation: $400,000 (Secured Grant)
See attached Funding Chart for distribution of City Funds
Project Summary:
Habitat for Humanity of Seattle King County proposes to build up to a 10 unit cottage
development on city-donated surplus land on 228th Ave SE in Sammamish. There would be a
mix of 2-bedroom, 3-bedroom units and 4-bedroom units ranging in size from 1,000 to 1,400
square feet. Half of the homes would be sold to households at less than 50% of area median
income and half at 60%. One of the homes would be ADA (Americans with Disabilities Act)
adaptable.
Habitat uses a land trust model. Habitat owns the land and sells the units built on the land.
Habitat carries the mortgage at no-interest, and at resale holds the rights to purchase the unit or
assign the right to purchase to a qualified buyer. Habitat also maintains a fund for such
purchases if the need arises. If Habitat chooses not to buy then King County and ARCH then
have that right to purchase or assign its right to a qualified buyer. In all cases, the price and the
income for the buyer is restricted.
Proposed funding would help pay for the infrastructure. Habitat would use volunteers to
construct the units, and each of the families selected to own homes would be required to perform
at least 500 hours of sweat equity in the development of the homes. Habitat intends to start
fundraising for the construction of the homes as soon as they break ground.
The EB recommends a funding amount larger than requested for several reasons. First, changes
in federal regulations limit the ability for County funds to be used for infrastructure and more
appropriate for home construction. Application for home construction needs to wait until closer
to start of home construction. Second, the request for County funding was relatively large in
order to help offset the project not being able to apply for State funding in this biennium. King
County indicated it would be unable to make up all this difference, so requested a smaller request
from Habitat in any future application. Third, in order for the project to proceed in a timely
manner, Habitat indicated that with the level of proposed support, they would be able to private
fundraise the balance of the infrastructure costs and maintain the current schedule.
Funding Rationale:
The EB supported the intent of this application for the following reasons:
EXHIBIT A
5
• Provides ownership opportunity to low income families in a high cost area and is the first
project funded through the ARCH Trust Fund located in Sammamish
• Would serve as a cottage demonstration project in the community
• City donated site to Habitat
• Convenient to shopping and schools
• Close to transit
• City donated the site
Potential Conditions:
Standard Conditions: Refer to list of standard conditions found at end of this memo
Special Conditions:
1. The funding commitment shall continue for nine (9) 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. ARCH
staff will consider an extension only on the basis of documented, meaningful progress in
bringing the project to readiness or completion. Commitment shall end if City terminates its
contract with Habitat.
2. Habitat shall demonstrate having all available funding for all predevelopment and
infrastructure work prior to release of funds. This shall include Habitat submitting updated
cost estimates for infrastructure work along with engineered drawings and specifications for
City staff to review for cost reasonableness.
3. Prior to starting construction on individual buildings, the Agency shall provide evidence that
it has sufficient resources to complete the building.
4. Funds shall be used by Habitat toward infrastructure construction. Funds may not be used for
any other purpose unless city staff has given written authorization for the alternate use.
5. The cumulative amount of other public funds from King County and the State awarded to
this project shall not exceed $500.000. In the event more funds are awarded from these
sources, the funding award from City funds will be reduced by the amount of funds awarded
by the County and State in excess of $500,000 up to a maximum amount of $200,000. In the
event city funds have already been dispersed in excess of the final loan amount, Habitat will
reimburse any difference.
6. Funds will be in the form of a secured grant with no repayment, so long as affordability and
target population is maintained. Repayment is required if the property is no longer used for
its intended purpose.
7. A resale agreement is recorded ensuring affordability for each of the ten (10) homeownership
units for families for at least 75 years. The units shall be affordable to and made available to
families with incomes at or below 60% of median income, with the majority of units
affordable and made available to families at or below 50% of median income. Form of resale
agreements to ensure long term affordability will be submitted to City staff for their review
and approval.
8. Submit a copy of proposed land trust and Homeowner Association documents. Homeowner
Association documents must provide for ongoing maintenance of property and buildings and
EXHIBIT A
6
set forth the ongoing role of Habitat in the operations and management of the property, as
well as identify how the Homeowner Association’s budgets decisions, including the use of
Dues, will be controlled so that appropriate property management is assured throughout the
duration of affordability.
9. Prior to the release of funds, prior to any marketing or screening of potential buyers, submit
for review and approval a marketing and outreach plan setting forth Habitat’s strategies for
identifying potential homebuyers and that emphasizes identifying homebuyers with east King
County association (e.g. current residency, employment, family). For example, local targeted
marketing outreach to local business and community organizations.
EXHIBIT A
7
3. Providence/SRI Redmond Senior Apartments
Funding Request: $100,000 (Deferred, Contingent Loan) plus 8 Section 8
Vouchers
74 units plus unrestricted manager’s unit
EB Recommendation: $800,000 (Deferred, Contingent Loan) plus 8 Section 8
Vouchers
See attached Funding Chart for distribution of City Funds
Project Summary:
Providence Health and Services - Washington – a non-profit health care provider has been in the
affordable housing business since 1985 and now owns 14 properties with 713 units of low-
income housing in Washington. They were selected by the City of Redmond through an
extensive RFP process, and are proposing a 75 unit new construction project for seniors. It is
located across the street from the Redmond Library, municipal campus and Redmond Senior
Center in Redmond on City-donated land (the city will hold a long-term nominal cost lease on
the property). The site is also on the Rapid Ride transit line, and benefits from having medical,
shopping and recreational facilities very nearby.
The proposed building is four levels of wood construction over structured below grade parking
and ground floor community, amenity and commercial space. The commercial space, an 8,000
square foot PACE (Program for All-inclusive Care for the Elderly) Center, will be separate in
ownership and operationally from the housing, but managed by Providence. The PACE center
will serve the community at large.
The residential project is designed to serve seniors living independently, aged 62 or over, at 30%,
40% and 60% of Area Median Income (AMI). There shall be a 20% set aside for disabled
elderly. Providence wants to set aside eight (8) of those units to serve frail elderly in concert
with having the PACE center in the building.
The ground floor will have manager’s unit, management offices, lobby/sitting area, coffee bar,
community meeting rooms and dog wash area. These community spaces will be oriented
towards the southern part of the site, where they connect with the existing downtown pedestrian
trail system. The city adopted a reduced parking ratio for this project given its transit
oriented/urban location and senior population. The facility will be designed according to
Universal Design principles, allowing residents to age in place.
The EB recommends a higher level of funding than requested based on funding availability at the
State and County as described previously.
Funding Rationale:
The EB supported the intent of this application for the following reasons:
• Experienced applicant.
• Financially strong development sponsor.
EXHIBIT A
8
• Donated site by the City.
• Serves a range of lower income senior households.
• The project expands affordable residential development within the downtown.
• Site has access to transit, shopping and is near a major hospital/medical complex.
• Project leverages a substantial amount of Tax Credit equity.
• The PACE center provides services to the region’s qualified seniors
Potential Conditions:
Standard Conditions: Refer to list of standard conditions found at end of this memo
Special Conditions:
1. The funding commitment shall continue for eighteen (18) months from the date of Council
approval and shall expire thereafter if all conditions are not satisfied. An extension may be
requested to City staff no later than sixty (60) days prior to the expiration date. City staff
will consider an extension only on the basis of documented, meaningful progress in bringing
the project to readiness or completion.
2. Funds shall be used by Providence toward infrastructure costs, impact and mitigation fees.
Funds may not be used for any other purpose unless city staff has given written authorization
for the alternate use.
3. 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 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 15), with 1% interest. The terms will also include a provision for the
Agency to a deferment of a payment subject to approval by 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.
4. Until such time as the any deferred developer fee structured into the sources is fully repaid,
all cash flow after payment of operating expenses and debt service, shall be used to repay the
deferred developer fee or go towards project reserves as approved by City Staff.
5. 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 PACE center. 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 and senior centers; a summary of ARCH’s affordability requirements
as well as annual monitoring procedure requirements.
6. Agency shall submit a marketing plan for approval by ARCH and City staff. The plan
should include how the Agency will do local targeted marketing outreach to local business
and community organizations such as senior and community centers.
7. A covenant is recorded ensuring affordability for at least 50 years, with affordability as
shown in the following table. Affordability levels will be defined using the requirements for
EXHIBIT A
9
tax credits, and utility costs will be based on King County Housing Authority allowances,
unless otherwise approved by City Staff.
Affordability
(Pct of Median Income) Studio One BR Two BR Total *
30% 6 31 37**
40% 16 4 20
60% 13 4 17
Unrestricted (Mgr) 1 1
TOTAL 6 60 9 75
* Up to 20% of the units shall be set aside for seniors living with disabilities
** Up to 8 of the units can be Section 8 units. The final mix of studio and one
bedroom units will be approved by City staff. Considerations in the
determination of unit mix will be include overall need in the community, unit mix
of existing federally assisted and Section 8 assisted housing for seniors in east
King County, and Section 8 program requirements.
The project shall maintain project-based Section 8 funding for eight (8) units of
senior housing so long as it is available. If Section 8 funding is no longer
available, the City shall be notified at the earliest time the Owner knows Section 8
is/will no longer be available. The City and the Agency shall work with the other
funders which maintain affordability requirements together to determine if the
affordability requirements need to be adjusted for some or all of the previous
Section 8 units, not to exceed 60% of median income in order to generate
sufficient revenue to meet the project’s required housing expenses and required
debt service and other lender and investor provisions.
The following projects are not recommended for funding at this time, but are encouraged to
reapply in a future funding round:
1. Community Homes 8
Funding Request: $125,000 (Secured Grant)
5 Beds
EB Recommendation: Not to fund at this time, but to have agency reapply in the
next funding round
Project Summary:
Community Homes, Inc. (CHI) is proposing to acquire and remodel a home that will serve five
(5) low-income aging adults with developmental disabilities. The group home setting
accommodates those can no longer live in other settings. The community within the home allows
them to live as independently as possible. A specific home will be identified once funding is
committed. Criteria for selecting the particular property includes a minimum size of 2,500
EXHIBIT A
10
square feet, the physical layout and ease of renovation of the house as well as neighborhood
amenities such as sidewalks, access to stores, public services, transportation and recreation.
The residents will live in a shared living arrangement, along with a live-in care provider. Each
tenant will have their own bedroom. Residents will share two bathrooms and a resident
community living area with kitchen. If necessary, as in the case of prior homes, the existing
garage may be converted to living space.
Rationale for not funding:
The EB supported the intent of this application for the following reasons:
• Serves aging developmentally disabled residents
• Provides housing for a population (Special Needs housing) that currently is below long
term ARCH Trust Fund goals
• Property will have live in care provider supplemented by day staff
• Acquisitions to be done near transit and community amenities
• Developer has eighteen year track record with properties in King County and good
reputation with funders and Department of Developmental Disabilities
• Private funding is a major portion of the sources. Agency will fundraise for capital
funding
The EB supports the concept of the CHI proposal; but given current round funding constraints, it
does not recommend making a funding recommendation at this time. The EB would welcome an
application in the next round. This would also provide an opportunity for CHI to organize and
begin their capital campaign. In the event CHI does provide an application to ARCH in the
upcoming round, the application should provide a description of the capital campaign and
progress to date.
2. Parkview Homes XI
Funding Request: $175,300 (Secured Grant)
3 Beds
EB Recommendation: Not to fund at this time, but to have agency reapply in the
next funding round
Project Summary:
Parkview Services, a Shoreline-based non-profit organization which to date has done 158 beds in
53 properties in the region, with this project is proposing to develop three homes in two counties.
The ARCH application is to help fund one of those homes, a Supportive Living Services Home
in Newcastle, Bellevue or Redmond. For the East King County home they plan to acquire and
remodel a three-bedroom house that will serve three (3) low-income individuals with
developmental disabilities. A specific home will be identified once all funding is committed.
Improvements will include remodeling to meet both Evergreen sustainability and ADA
EXHIBIT A
11
(Americans with Disabilities Act) accessibility standards, and a monitored fire suppression
system.
There currently is no site control. The house to be bought will be remodeled to include
accessibility features necessary for the initial tenants and for future tenants. Parkview will be
looking to acquire suitably laid out minimum 1,500 square foot rambler-style houses that can
easily be modified for accessibility.
Rationale for not funding:
The EB supported the intent of this application for the following reasons:
• Serves neediest developmentally disabled residents by relying on referrals from the State
DDA for new residents
• Provides housing for a population (Special Needs housing) that currently is below long
term ARCH Trust Fund goals
• Property will have 24/7 non-resident care provider coverage
• Acquisitions to be done near transit and community amenities
• Developer has long track record with properties in King County and good reputation with
funders and Developmental Disabilities Administration
• Is on the Department of Commerce Trust list in the special needs set aside as
incorporated in the state capital budget.
The EB supports the concept of the Parkview proposal; but given current round funding
constraints, it does not recommend making a funding recommendation at this time. The EB
would welcome an application in the next round. This would also provide an opportunity for
Parkview to identify and secure additional capital funds.
Standard Conditions applicable to all projects
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;
EXHIBIT A
12
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 homes 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.
EXHIBIT A
ARCH HOUSING TRUST FUND (HTF) APPLICATIONS
2013
Applicant
Funding
Recommendation
(Grant/Loan)
Housing
Type/
# of units/
bdrms
Income
Served
Project
Location
Duration
of benefit
Total cost
per unit
HTF
cost per
affordable unit
Project
completion
Friends of Youth
Extended Foster Care
Housing
Recommendation:
$100,000 (Grant)
Plus 2 Vouchers
New construction
of two homes each
housing 5 homeless
young adults
10
10 @ 30%
13116 132nd St.
Kirkland
50 Years
$109,862/bed
$10,000
Summer 2014
Habitat SKC
Sammamish
Recommendation:
$400,000 (Grant)
Plus fee waivers
New Construction
Homeownership
10
6@50%
4 @ 60%
2004 228th Ave
SE, Sammamish
75 Years
$351,799
(Includes fair
market value of
donated labor and
materials)
$40,000
Winter 2017
Providence/SRI
Redmond Senior
Apartments
Recommendation:
$800,000
(Deferred Loan)
Plus 8 Vouchers
New construction
Senior rental
housing in
Downtown
Redmond with 20%
Frail Elderly set-
aside
74 + 1 Mgr Unit
37 at 30%
20 at 40%
17 at 60%
1 mkt rate mgr
unit
(20% Disabled
set aside)
8550 160th Ave
NE, Redmond
50 Years
$265,780/
affordable unit
$10,811
Spring 2016
Community Homes,
Inc.
8th Adult Family Home
Recommendation: $0
Acq/Rehab of
Home for
Developmentally
Disabled
4
5 @ 30%
ARCH Sphere of
Influence – Site to
be determined
50 Years
$181,500/bed
$25,000
Spring 2015
Parkview Services
DD Home
Recommendation: $0
Acq/Rehab of
Home for
Developmentally
Disabled
3
3 @ 30%
ARCH Sphere of
Influence – Site to
be determined
50 Years
$176,336/bed
$58,433
Winter 2014
EXHIBIT A
2013 HOUSING TRUST FUND: PROPOSED FUNDING SCOURCES
Habitat Providence FOY
SOURCE
Request 200,000$ 100,000$ 100,000$ 400,000$
CAB Recommendation 400,000$ 800,000$ 100,000$ 1,300,000$
Current Funding
Sub-Regional CDBG 200,000$ 200,000$
Bellevue
CDBG -$
General Fund 128,602$ 100,000$ 32,150$ 260,752$
Issaquah
General Fund 39,416$ 57,299$ 9,854$ 106,569$
Kirkland
General Fund 95,235$ 138,443$ 23,809$ 257,486$
Mercer Is.
General Fund 6,512$ 9,467$ 1,628$ 17,608$
Redmond
General Fund 64,862$ 51,721$ 16,215$ 132,798$
CDBG *148,038$ 148,038$
Newcastle
General Fund 8,744$ 12,712$ 2,186$ 23,642$
Kenmore
General Fund 36,784$ 53,472$ 9,196$ 99,452$
Woodinville
General Fund 4,104$ 5,966$ 1,026$ 11,095$
Sammamish
General Fund 4,897$ 7,118$ 1,224$ 13,239$
Clyde Hill
General Fund 4,881$ 7,095$ 1,220$ 13,197$
Medina
General Fund 3,882$ 5,643$ 971$ 10,496$
Yarrow Point
General Fund 1,268$ 1,843$ 317$ 3,428$
Hunts Point
General Fund 814$ 1,183$ 203$ 2,200$
TOTAL 400,000$ 800,000$ 100,000$ 1,300,000$
CDBG -$ 348,038$ -$ 348,038$
General Fund 400,000$ 451,962$ 100,000$ 951,962$
TOTAL
PROJECT
EXHIBIT A
ARCH HOUSING TRUST FUND, 2013
Leveraging Funds - -
City Land and Fee waiver $453,540 $1,439,060 $1,892,600
New ARCH Request $100,000 $400,000 $800,000 $1,300,000
ARCH TOTAL 100,000$ 9%853,540$ 24%2,239,060$ 11%3,192,600$
King County
Prior KC Commitment $0
HOF/HOME/CDBG $200,000 $491,567 $1,734,944 $2,426,511
2060/2163 $0
Veterans/Human Services $0
Other $0
KC TOTAL 200,000$ 18%491,567$ 14%1,734,944$ 9%$2,426,511
Prior WA Commitment $0
WA HAP $0
WA HTF $504,525 $504,525
WA HFC (Equity Fund)$0
WSHFC Washington Works $0
WA TOTAL 504,525$ 46%-$ 0%-$ 0%$504,525
Federal/HUD $0
Section 811 $0
McKinney $0
Other (VA Per Diem)$0
FEDERAL TOTAL -$ 0%-$ 0%-$ 0%$0
Tax Credits 0%0%$13,662,294 69%$13,662,294
Prior Tax Credit Commitment 0%0%0%$0
TCAP 0%0%0%$0
Bonds 0%0%0%$0
Bank Loans 0%0%$1,702,169 9%$1,702,169
Deferred Developer Fee 0%0%$329,221 2%$329,221
Private $294,094 27%$2,172,884 62%0%$2,466,978
Other 0%0%0%$0
TOTAL COST 1,098,619$ 100%3,517,991$ 100%19,667,688$ 100%24,284,298$
Redmond Senior Apts TOTAL
Friends of Youth
YYA Houses 3 and 4
Habitat
Sammamish
Providence/SRI
EXHIBIT A
ECONOMIC SUMMARY: FRIENDS OF YOUTH – EXTENDED FOSTER CARE
1. Applicant/Description: FOY / Construction of two new homes each providing housing for 5
young adults in extended foster care
2. Project Location: 13116 NE 132nd Street, Kirkland
3. Financing Information:
Funding Source Funding Amount Commitment
ARCH
$100,000 Applied for Fall 2013
King County $200,000 Committed 2013
Commerce Trust Fund $504.524 Committed 2013
From Capital Campaign $504,094 Underway
Owner Equity $124,744 Committed
TOTAL $1,098,618
4. Development Budget:
ITEM TOTAL PER BED HTF
Acquisition * $124,744 $12,474
Construction $775,698 $77,570 $53,044
Design $47,710 $4,7711 $8,500
Consultants $42,189 $4,219 $4,100
Developer fee $0 $0
Finance costs $11,161 $1,116
Reserves $25,000 $2,500
Permits/Fees/Other $72,116 $7,212 $34,356
TOTAL $1,098,618 $109,862 $100,000
* Value of these lots, previously acquired by agency in the Youth Haven project (2011) and paid by FOY
5. Debt Service Coverage: Secured grant, no repayment if in compliance.
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 grant
amount upon non-compliance with any of the funding conditions.
7. Rental Subsidy: Two Section 8 vouchers
EXHIBIT A
ECONOMIC SUMMARY: HABITAT FOR HUMANITY SAMMAMISH COTTAGE
DEMONSTRATION
1. Applicant/Description: Habitat for Humanity Seattle – King County / Construction of 10 units of
affordable family ownership housing
2. Project Location: 2004 228th Ave, SE, Sammamish
3. Financing Information:
Funding Source Funding Amount Commitment
ARCH
$400,000 Applied for Fall 2013
Donated Land and Fee Waivers $453,540 Land: Sammamish Council Action in 2012
King County $491,567 To be applied for in 2014, for home
construction
Habitat Capital $406,496 Committed
In Kind/Private (primarily for home
construction)
$1,766,388 To be secured
TOTAL $3,517,991
4. Development Budget:
ITEM TOTAL PER HOME HTF
Acquisition $400,000 $40,000
Construction $2,681,615 $268,162 $400,000
Design $60,000 $6,000
Consultants $62,300 $6,230
Developer fee $0 $0
Finance costs $0 $0
Reserves $0 $0
Permits/Fees/Other $324,076 $32,408
TOTAL $3,517,991 $351,800 $400,000
5. Debt Service Coverage: Secured grant, no repayment if in compliance.
6. Security for City Funds:
• A recorded covenant for each unit to ensure affordability and use for targeted population for 75 years.
• A promissory note secured by a deed of trust. The promissory note will require repayment of the grant
amount upon non-compliance with any of the funding conditions.
7. Rental Subsidy: None
EXHIBIT A
ECONOMIC SUMMARY: PROVIDENCE/SRI REDMOND SENIOR APARTMENTS
1. Applicant/Description: Providence/SRI / Construction of 74 units of affordable senior rental
housing, 1 manager unit, plus amenity spaces. Facility will include a
PACE Center
2. Project Location: 8550 8550 160th Ave NE, Redmond
3. Financing Information:
Funding Source Funding Amount Commitment
ARCH
$800,000 Applied for Fall 2013
Donated Land (Long-term Lease) $1,439,060 Redmond Council Action in 2013
King County $1,734,944 $200,000 Contingent funds committed
2013, balance to be applied for in 2014
Commercial Loan 1,702,169 To be applied for
Deferred Developer Fee $329,221 Committed
Tax Credit Equity $13,662,294 To Apply for in 2014
TOTAL $19,667,688
4. Development Budget:
ITEM TOTAL PER UNIT HTF
Acquisition $1,461,676 $19,752
Construction 13,256,895 $179,147 $100,000
Design $794,970 $10,743
Consultants $209,988 $2,838
Developer fee $1,221,582 $16,508
Finance costs $1,158,042 $15,649
Reserves $341,847 $4,620
Permits/Fees/Other $1,222,688 $16,523 $700,000
TOTAL $19.667,688 $265,780
5. Debt Service Coverage: Deferred contingent loan. Repayment out of available cash flow, defer
repayment to start year 18
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 grant
amount upon non-compliance with any of the funding conditions.
7. Rental Subsidy: Two Section 8 vouchers
EXHIBIT A
FIGURE 1
ARCH: EAST KING COUNTY TRUST FUND SUMMARY
LIST OF CONTRACTED PROJECTS FUNDED (1993 - Fall 2012)
Project Location Owner
Units/Bed
s Funding
Pct of Total
Allocation
Distribution
Target
1. Family Housing
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
Bellevue Apartments Bellevue ***LIHI 45 $800,000
YWCA Family Apartments K.C. (Bellevue Sphere)YWCA 12 $100,000
Highland Gardens (Klahanie)K.C. (Issaquah Sphere)Imagine Housing 54 $291,281
Crestline Apartments K.C. (Kirkland Sphere)Shelter Resources 22 $195,000
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
Plum Court Kirkland DASH 61 /66 $1,000,000
Francis Village Kirkland Imagine Housing ***15 $375,000
South Kirkland Park n Ride Kirkland ***Imagine Housing ***46 $752,294
Copper Lantern Kenmore **LIHI **33 $452,321
Homeowner Downpayment Loan Various KC/WSHFC/ARCH 87 est $615,000
SUB-TOTAL 1,932 $23,018,414 58.6%(56%)
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
Vasa Creek K.C. (Bellevue Sphere)Shelter Resources 50 $190,000
Riverside Landing Bothell **Shelter Resources **50 $225,000
Kirkland Plaza Kirkland Imagine Housing 24 $610,000
Totem Lake Phase 2 Kirkland ***Imagine Housing 80 $736,842
Heron Landing Kenmore DASH/Shelter Resources 50 $65,000
Ellsworth House Apts Mercer Island Imagine Housing 59 $900,000
Greenbrier Sr Apts Woodinville **DASH/Shelter Resources **50 $196,192
SUB-TOTAL 497 $6,633,034 16.9%(19%)
EXHIBIT A
FIGURE 1
ARCH: EAST KING COUNTY TRUST FUND SUMMARY
LIST OF CONTRACTED PROJECTS FUNDED (1993 - Fall 2012)
Project Location Owner
Units/Bed
s Funding
Pct of Total
Allocation
Distribution
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
Bellevue Apartments Bellevue ***LIHI 12 $200,000
Sophia Place Bellevue Sophia Way 20 $250,000
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
Petter Court Kirkland KITH 4 $100,000
Francis Village Kirkland Imagine Housing 45 $1,125,000
South Kirkland Park n Ride Kirkland ***Imagine Housing 12 $188,073
Totem Lake Phase 2 Kirkland Imagine Housing 15 $138,158
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 257 $6,621,112 16.8%(13%)
4. Special Needs Housing
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
DD 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 $240,000
DD Group Home 4 Redmond Community Living 5 Beds $111,261
DD Group Homes 5 & 6 Redmond/KC (Bothell)Community Living 10 Beds $250,000
United Cerebral Palsy Bellevue/Redmond UCP 9 Beds $25,000
DD 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
DD Group Home 3 Bellevue Community Living 5 Beds $21,000
Parkview DD Condos III Bellevue Parkview 4 $200,000
IERR DD Home Issaquah IERR 6 Beds $50,209
FFC DD Homes NE KC FFC 8 Beds $300,000
Oxford House Bothell Oxford/Compass Ctr.8 Beds $80,000
Parkview DD Homes VI Bothell/Bellevue Parkview 6 Beds $150,000
FFC DD Home II TBD FFC 4 Beds $168,737
SUB-TOTAL 148 Beds/Units $3,026,336 7.7%(12%)
TOTAL 2,834 $39,298,896 100.0%
* 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
EXHIBIT A