|
FOR
IMMEDIATE RELEASE: Friday,
August 15, 2008
Contact:
Dwight Edwards, Community Development Housing Coordinator, 360-709-3003
Applications
Sought for Affordable Housing Funds in
Thurston
County
OLYMPIA
–
Qualifying
Thurston
County
organizations are invited to apply for up to $530,453 in HOME Investment
Partnership (HOME) funding for rental housing projects to preserve affordable
housing in the area. About $149,790 of the funding has been set aside to fund
Community Housing Development Organizations (CHDO).
In addition to CHDO’s, public housing authorities,
non-profit organizations, for-profit organizations, and faith-based
organizations may apply. Funds must be used to produce or preserve long-term
affordable housing in
Thurston
County
for low income residents. Projects must be eligible HOME activities that
support affordable rental housing, which includes acquisition and /or
rehabilitation, new construction, and acquisition and/or rehabilitation of
homebuyer properties. In addition, CHDO’s may submit proposals for new
construction of homebuyer properties.
Priority
for funding will be given to:
·
Community
Housing Development Organizations (or organizations that meet all the
regulatory and program requirements of a CHDO, and can be certified eligible
within 90 days),
·
Projects that
preserve affordable rental housing units in the Cities of Tenino and Yelm
·
Projects that
prevent the loss of existing (private) affordable and subsidized multifamily
rental units for homeless and special needs populations
·
Organizations
that leverage both county funds and meet the HOME match requirements (25% of
all HOME funds spent on eligible activities must be matched with non-federal
funds);
·
Organizations
that have a project which will benefit underserved towns and cities, and rural
areas of the county, and
·
Projects that
are ready to proceed.
The
submission deadline for proposals is Monday September 22, 2008.
Interested organizations should submit one original and four copies of the
proposal to:
Thurston
County
Office of Program and Budget Development
2000 Lakeridge Drive SW
Olympia
,
WA
.
98502-6054
Attention:
Dwight Edwards
Community Development Housing Coordinator
Anyone with questions should contact Dwight Edwards
(360-709-3003) or Connie Rivera (360-709-3065) at the Office of Program and
Budget Development.
| 