As the annual recipient of HOME Investments funds from the Department of Housing and Urban Development (HUD) the City of Yakima must invest these funds for Affordable Housing within its jurisdiction. The City of Yakima, in granting available HOME funds, allows for continued decent, safe, and affordable housing within the City of Yakima that serves low to moderate income citizens.
Yakima Valley Partners, Habitat for Humanity as a Qualified CHDO is requesting Eighty Seven Thousand Five Hundred Dollars ($87,500.00) to assist with acquisition and construction of a new Single-Family low-income housing unit.
Projects that receive funding from the City of Yakima HOME program must be consistent with the City Consolidated Plan, which guides HOME funding, as well as the City Comprehensive Plan. Funding through the HOME program requires the applicant to have a HUD compliant Management Plan and ensure the housing units meet affordability requirements for a minimum of 20 years. |