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Table 3 <br /> Consolidated Plan Listing of Projects <br /> Applicant's Name: Washington County <br /> Sub-recipient's Name: Two Rivers Community Land Trust <br /> Priority Need: Housing-Medium and High; low and moderate income renters <br /> Project Title: Acquisition and Rehabilitation project <br /> Project Description: Acquire and rehabilitate homes, then sell to low- to moderate-income <br /> qualified buyers whereby Two Rivers Community Land Trust (TRCLT) retains title to the land. <br /> The home is sold at a reduced rate, approximately the value of the house without the land. In <br /> exchange for this reduction in cost the buyer agrees to take 25% of the increase in value when <br /> they choose to sell the house. The homeowner and TRCLT enter into a ground lease which <br /> defines the relationship between the two owners. The ground lease records the purchase price, <br /> appraised value of the home minus the land, and sets resale percentage of 25%. Approximately <br /> half of the homes identified for acquisition will be determined to be substandard and in need of <br /> rehabilitation. These projects will require more substantial rehabilitation and will be held by the <br /> TRCLT until completion and sale to an owner-occupant. The other half of the projects will be <br /> acquired jointly by TRCLT and a qualified homebuyer. These homes will require less <br /> rehabilitation; on average it is anticipated to be$15,000. <br /> Location: Countywide <br /> Funding Sources: <br /> Objective Number" Project ID CDBG $202,322.00 <br /> HUD Matrix Code CDBG Citation ESG — <br /> 14A 570.202(b <br /> Type of Recipient CDBG National Objective HOME $19,622.00 <br /> Sub-recipient-Nonprofit LMH-low/mod housing <br /> Start date (mmiddiyyyy) Completion date(mnvddiyyyy) HOPWA <br /> 07/01/06 12/31/2007 <br /> Performance indicator Annual Units Total Formula <br /> Housing units 10) 4 <br /> Local ID Units upon completion Prior Year Funds <br /> wXXXXX 6 <br /> IDIS Performance Management Assisted Housing <br /> Objective 1: Provide decent affordable housing PHA <br /> Outcome 2: Affordability Other Funding $2,327,967.00 <br /> Total $2,549,911.00 <br /> "Housing Needs Objectives 7, 8, 11, 13 and 15. <br /> The primary purpose of the project is to help:❑the Homeless[]Persons with HIV/AIDS❑Persons with Disabilities[]Public Housing Needs <br /> 18 <br />