EASTSIDE
HOUSING TRUST FUND
The ARCH Housing Trust Fund (HTF) was
created by ARCH member cities in 1993 as a way to directly assist the
development and preservation of affordable housing in East King County.
The trust fund is capitalized by both local general funds and locally
controlled, federal Community Development Block Grant (CDBG) funds. The
trust fund process allows ARCH members to jointly administer their
housing funds, and assist the best available housing opportunities that
meet the housing needs of the community.
Purpose
The purpose of the Housing Trust
Fund is to create and preserve housing for ‘Low’ and ‘Moderate’
Income individuals and families in East King County. Low Income is defined as less than 50%
of the King County median income, ($28,490 to $47,212 depending on
household size) and moderate income is defined as less than 80% of the
King County median income, ($45,584 to $75,539 depending on
household size). Emphasis is placed on providing housing affordable to
Low Income households. However, funding can be provided for Moderate
Income households, especially for homeownership opportunities.
Housing Goals
In order to provide housing which
serves a broad spectrum of Low and Moderate Income housing needs, the
ARCH member cities have set the following long term goal for use of
their housing resources:
| Families
(inc. single households) |
56% |
| Homeless/Transitional |
13% |
| Elderly |
19% |
| Special
Needs Populations* |
12% |
*Housing that provides
supportive services for daily living needs, e.g. Group home for persons with
developmental disability, foster parent home.
These percentages are long range goals.
In any given year, one or more categories may be over or under their
percentage goal.
Accomplishments
Since 1993, member cities have made
over $23 million available to fund over 2,300 units of housing located in
East King County. These funds have been made available as both
grants and low interest contingent loans. Other funding for this
housing comes from a myriad of other public (King County, State
of Washington, Federal) and private sources. In some cases cities have
also made surplus land available, and/or reduced building permit fees.
List
of ARCH Funded Projects
How To Apply
Housing Trust Fund Guidelines
Twice a year ARCH
accepts applications from groups interested in providing affordable
housing. Over the years, cities have provided support to local
non-profit, public and for profit housing providers. ARCH can also
provide technical assistance regarding the Trust Fund for groups who are
unfamiliar with the program. The Guidelines include information on the
eligible organizations and uses of the Trust Fund, criteria for
reviewing applications and more detailed information on the application
process.
Download HTF Guidelines
here.
Housing
Trust Fund Application Key Dates
|
February 22, 2008 |
Application
Available |
|
March 24, 2008 |
Applications
due to ARCH |
|
June, 2008 |
Funding
recommendations by the ARCH Executive Board |
|
June, 2008 |
Funding
Recommendations by
King
County
JRC
(applicable only if CDBG funds are part of the funding
recommendations)
|
|
July 2008 |
City
Councils make funding decisions
|
Spring
2008 ARCH Trust Fund Application Forms
The
ARCH Housing Trust Fund funding application form is essentially the same as
the Common Application forms that the State of Washington, King County, the
City of Seattle and other local jurisdictions have agreed to use for the
convenience of applicants. The only difference is that the ARCH General
Application form requests supplemental information unique to ARCH.
Following are links to the application forms:
ARCH General Application - Spring 2008
ARCH General Application Workbook -Spring
2008
OWNERSHIP HOUSING
PROPOSALS
The State uses a separate
set of application forms for ownership housing. If you are proposing an
ownership program, complete the following forms instead of the forms
referenced above:
ARCH General Application –
Ownership – Spring 2008
ARCH General Application Workbook –
Ownership – Spring 2008
**Please note – There have been several revisions for 2008 to the Common
Application forms. Be sure that you have reviewed the forms and are using
the current revised Common Application forms.**
One hard copy and one disc with all the application forms
included are to be delivered to ARCH by 5 pm, March 24, 2008.
More
detailed information regarding the application forms and application process
is included in the HTF Guidelines referenced above.
Please
contact Arthur Sullivan at ARCH if you have further questions about the
Trust Fund (425) 861-3677. |
