TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Planning and Community Development
Carol Helland
425-556-2416
DEPARTMENT STAFF:
Planning and Community Development
Seraphie Allen
Deputy Director
Planning and Community Development
Brooke Buckingham
Human Services Division Manager
TITLE:
title
Acceptance of Connecting Housing to Infrastructure Program (CHIP) Grant
OVERVIEW STATEMENT:
recommendation
The City recently applied for and was awarded a Connecting Housing to Infrastructure Program (CHIP) grant for a total of $435,938. This grant will partially cover the King County Wastewater Sewer Treatment Capacity fees charged to the developer of the Polaris and Horizon affordable housing projects at the Together Center.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
Community Strategic Plan; Housing Action Plan
* Required:
Council approval is required for grant acceptance.
* Council Request:
N/A
* Other Key Facts:
The CHIP program provides grant funding for utility improvements for affordable housing. Applicants must be a city, county, or public utility district, applying in coordination with the developer of a multi-unit affordable housing project. The Polaris and Horizon affordable housing projects at the Together Center experienced significant cost overruns due to the concrete strike and changing interest rates, resulting in other budgetary impacts, including the ability to pay sewer connection fees.
OUTCOMES:
Closing this budget gap will help ensure financial sustainability for the affordable housing projects constructed at the Together Center and is aligned with the City's commitment to increase and retain affordable housing options.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
* Timeline (previous or planned):
N/A
* Outreach Methods and Result...
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