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The Seattle Bank’s Board of Directors awarded nearly $2.8 million of Affordable
Housing Program (AHP) subsidy for the 2009 funding round. The Seattle Bank received
32 applications requesting $7.5 million in AHP subsidy and approved 10 applications.
In addition, the bank approved four alternate applications, which may be funded
if sufficient subsidy becomes available.
Special Notice to All 2009 AHP Applicants: The Seattle Bank will provide a detailed
scoring summary to all Seattle Bank members, sponsors, and development consultants
that submitted applications for the 2009 AHP funding round. The minimum scores needed
in the 2009 funding round were 75 points for competitive applications and 71 points
for alternates.
Special Notice to 2009 AHP Award Recipients: In addition to receiving a
detailed scoring summary, Seattle Bank members that submitted competitive applications
will receive a funding packet with an AHP Regulatory Agreement and information regarding
the dates of our AHP Compliance Web Seminars. Members must sign the agreement and
forward it to the sponsor for signature. Once the signed agreement is received by
the Seattle Bank, any outstanding issues have been resolved, and all eligibility
requirements have been met, members may submit a disbursement request.
2009 AHP Funded and Alternate Projects
Hawaii
HfH – Hawaii Habitat for Humanity Association
Various Cities – First Hawaiian Bank was awarded $360,000, which Hawaii Habitat
for Humanity Association will use to assist in the construction of 30 single-family,
owner-occupied units. The units will be constructed by seven Habitat for Humanity
affiliates and will be located on the islands of Hawaii, Kauai, Maui, Molokai, and
Oahu. Eligible households will earn up to 60 percent of area median income and will
receive homebuyer education from the local Habitat for Humanity affiliate.
Oregon
Willoria Estates Low Income Housing
Gervais – Citizens Bank was awarded $110,000, which Yamhill Community Development
Corporation will use to construct 11 self-help, owner-occupied, single-family homes.
The homes will be available for first-time homebuyers with incomes at or below 80
percent of area median income. At least three homes will be set aside for families
with one or more special needs residents.
Washington
Colville Homes II
Inchelium - Golf Savings Bank and co-sponsor Sterling Savings Bank were awarded $240,000, which Colville Indian Housing Authority will use to construct 20 two-, three-, and four-bedroom, lease-to-own single-family homes on the Colville Indian Reservation in the Northeast portion of Washington State. The majority of the units will be set aside for residents earning at or below 50 percent of area median income. The units will be highly energy efficient and will have landscaped yards with sufficient space for play areas and gardens.
Homestead 2009
Seattle and King County – Peoples Bank was awarded $180,000, which Homestead Community
Land Trust will use to acquire 15 owner-occupied housing units. Ten of the units
will be located in Seattle, and five of the units will be located throughout King
County. The homes will be affordable to households at or below 80 percent of area
median income. This project will also take advantage of Neighborhood Stabilization
Funds, which will be used to purchase foreclosed properties for the project.
Market Street Station Spokane
Spokane – Washington Trust Bank was awarded $296,700, which Inland Empire Residential
Resources will use to convert a vacant commercial building into 33 apartments with
ground floor retail. The units will be set aside for households at or below 50 percent
of area median income, and many will be reserved for the elderly or persons with
special needs. The completed project will include wheelchair accessible units and
other design features to support aging in place.
Paine Court Supportive Housing
Walla Walla – Banner Bank was awarded $107,988 to assist Blue Mountain Action Council
with the construction of 12 permanent supportive housing units for homeless families
with children. Eleven of the units will be affordable to households at or below
30 percent of area median income. The project will have a central courtyard with
a community center that will house a small medical clinic. A case manager will work
with residents on strategies to meet housing, employment, skill-building, medical,
mental health, parenting, and other goals and needs.
Parkview Homeownership 3
King and Snohomish Counties – Sterling Savings Bank was awarded $224,750, which
Parkview Services will use to provide downpayment and closing cost assistance for
25 single-family and multi-family units in King and Snohomish Counties. All units
will be purchased by first-time homebuyers with special needs. The homes will be
affordable to households earning at or below 80 percent of area median income. Parkview
Services will provide homebuyer education.
Talon Hills Senior Apartments
Liberty Lake – Bank of America Oregon, N.A. was awarded $530,941, which the nonprofit
and for-profit team of Spokane Housing Ventures and Whitewater Creek, Inc. will
use to construct a 60-unit rental project for the elderly near Spokane, Washington.
The units will be affordable to households at or below 60 percent of area median
income. The project will contain a community center, individual flower gardens,
patios, and a walking path.
Wanity Park
Toppenish – Banner Bank was awarded $251,972, which Yakima Nation Housing Authority
will use to reconstruct 29 rental units on the Yakima Indian Reservation. The majority
of the occupants will earn less than 30 percent of area median income. At least
six of the units will be set aside for elderly or special needs tenants. The project
will also feature a large community center. All of the units will be accessible
and built to the Evergreen Sustainable Development Standard.
Wyoming
SHAC Homebuyer Assistance
Sheridan – First Interstate Bank was awarded $450,000, which Sheridan Housing Action
Committee (SHAC) will use to provide downpayment and closing cost assistance to
25 homebuyers earning 80 percent or less of area median income. SHAC will help participants
purchase a new or existing home and rehabilitate their home, if necessary, provide
homebuyer education and assist in securing permanent financing.
AHP Alternate Projects
HfH – Parkway Village
Bend, Oregon – Bank of the Cascades was awarded $89,999 which Bend Area Habitat
for Humanity will use to construct 10 single-family detached homes. The homes will
be affordable to families at or below 50 percent of area median income. This project
will also utilize Neighborhood Stabilization Program 2 (NSP2) funding, as the homes
will be built in an abandoned development where infrastructure was previously completed.
All homeowners will receive homebuyer education and will assist in the construction
of their home.
Pelican Place
Newport, Oregon – Citizens Bank was awarded $107,988, which Community Services Consortium
will use to rehabilitate an existing two-story, 12-unit apartment building. The
project will provide permanent supportive housing for chronically homeless households.
The units will be affordable to persons at or below 60 percent of area median income.
Services such as skills training and job placement are located within one mile of
the project.
Appian Way Rehabilitation
Kent, Washington – Banner Bank was awarded $300,000, which Intercommunity Mercy
Housing will use to rehabilitate a 150-unit apartment building. The project will
provide 104 units for households at or below 50 percent of area median income and
45 units for households at or below 30 percent of area median income. Units will
be set aside for previously homeless individuals and households with special needs.
The rehabilitation will remove potential health and safety problems and will greatly
extend the life of the buildings.
HfH – Hope Meadow I
Deer Park, Washington – Sterling Savings Bank was awarded $89,999 that Habitat for
Humanity – Spokane will use to construct 10 single-family, owner-occupied homes.
These homes will be affordable to households at or below 50 percent of area median
income. This project will represent the first phase of a 130-home Habitat for Humanity
development in the rural part of Eastern Washington and will serve first-time homebuyers
and persons with special needs.
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