2006.03.20 EDA Packet - Laserfiche WebLink

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Table 3 Consolidated Plan Listing of Projects Applicant's Name: Washington County Sub-recipient's Name: Ramsey County Community Development Priority Need: Housing-High and Medium;moderate,low and very low income renters Project Title: FirstHOME Buyer Program Project Description: Assist low-and moderate-income households in Washington County to purchase a home by providing up to$10,000 in deferred,non-interest bearing second mortgages for closing costs or down payments. The County requires repayment of the principal upon the sale,maturity,or other transfer of the property or when the buyer no longer occupies the property as the principal residence. HomeStretch Programs, which target low-income residents, including Public Housing Assistance (PHA) residents, present information regarding the FirstHOME Programs. HomeStretch is marketed on the Washington County Housing and Redevelopment Authority website and PHA residents are mailed first time homebuyer packets. Outreach will be initiated once fiscal year funds have been received and are available to down payment and closing cost assistance - likely July/August 2006. Ramsey County will prepare news releases for general distribution including jurisdiction newsletters, local and minority- owned newspapers, and for direct mailing to mobile home communities. Location: Countywide: Exact locations will be determined by FirstHOME program participants and may be located within the cities of Afton,Bayport,Birchwood,Cottage Grove,Forest Lake,Grant,Hugo, Lake Elmo, Lake St. Croix Beach, Lakeland, Lakeland Shores,Landfall,Mahtomedi,Newport, Oak Park Heights, Oakdale, Pine Springs, St. Mary's Point, St. Paul Park, Stillwater, Willernie, or Woodbury, or the townships of Baytown,May, Scandia, Stillwater or West Lakeland. Eligible properties include single family homes, condominiums, townhouses, land trust property and some manufactured housing. For more information see Attachment E. Funding Sources: Objective Number" Project ID CDBG HUD Matrix Code HOME Citation ESG — Direct Homeownership 92.205 (a) Assistance- 13 Type of Recipient CDBG National Objective HOME Sub-recipient-public Low-moderate Housing(LMH) Start date (mm/dd/yyyy) Completion date(mm/dd/yyyy) HOPWA 07/01/2006 06/30/2007 Performance indicator Annual Households Total Formula Households(4) 17 Local ID Households upon completion Prior Year Funds wXXXXX 17 Assisted Housing PHA Other Funding American Dream Downpayment Intiative $7,054.00 Total $7,054.00 "Non-homeless Special Population Needs Objective 2; Housing Needs Objectives 4, 6 and 8. The primary purpose of the project is to help:❑the Homeless❑Persons with HIV/AIDS[]Persons with Disabilities❑Public Housing Needs 24