HomeMy WebLinkAboutFFY 2003 HOME Funded Projects M NTANA
Department of Commerce
HOUSING DIVISION
P.O, EIOX 200545 * Helena, Montana59620-0545 * hl~p:llcommerce+$ta~e.mt,us
Phone: 406-841-2520 ~ Fax: 406-841-2821 *TDD: 406-~41-2702 ,
MAY 2 2 2003
L
DATE:May 19, 2003 , CiTY OF LAUREL
TO: Persons Interested in the HOMal P[~
FROM: ~iFe inOvneS:~d, Program Man
ment PartnershipProgram
RE: FFY 2003 HOME Funded Projects
The deadline for the Federal Fiscal Year (FFY) 2003 HOME Investment
Partnerships Program (HOME) grant applications was March 31, 2003. Eleven
applicants competed for $4,148,135 in FFY 2003 HUD/HOME Project funds. All
eleven proposals are tentatively awarded funding. Cost estimates of the eleven
proposed projects total $17,851,484. Below is a summary of the projects.
Applicant HOME Request Proiect Budget
AWARE, Inc. $276,776 $463,676
The AWARE Glendive Supportive Housing Duplex will provide accessible,
affordable housing for 8 very Iow income adults with severe disabilities related to
mental illness along with twenty-four hour a day supportive services to allow
residents to live successfully in the community.
Flathead-Lake CHDO $ 64,724 $78,324
Rental assistance will be provided for one year to 10 persons with a preference
for those that are homeless, mentally ill, or have zero income and are eligible for
mental health services under the Montana State Mental Health Services Plan or
SSI/Medicaid.
City of Hamilton $500,000 $3,204,068
This proposal will acquire and preserve Iow-income housing for the elderly by
purchasing the 60-unit Bitterroot Manor located in Hamilton.
Helena Housing Authority $300,000 $2,729,475
The Wilder Apartments project consists of 31 units for disabled and low-income
families. The new construction project includes 22-one bedroom and 9-two
bedroom units. 100% of the units will serve residents at or below 50% of AMI.
33% of the units will target the Iow-income disabled population.
Lake County CHDO $387,000 $775,000
Construct 4 three-bedroom family rental units at the CHDO owned Boettcher
Terrace rental project. Construct three single-family homes on CHDO controlled
lots, for sale to Iow-income homebuyers, in the Poison area.
City of Laurel $280,000 $1,022,500
The project plans to assist at least 40 homebuyers and/or homeowners residing
within the City of Laurel, with all project activities benefiting persons at or below
80% of the Area Median Income.
Lewis and Clark County $330,000 $1,878,000
GR8 HOPe Phase II proposes to provide downpayment and closing cost
assistance to at least 12~15 families at or below 80% of AMI. Assistance will be
based on need for qualifying families
City of Missoula $500,000 $3,238,848
This project will provide homebuyer assistance to 20-25 lower-income
households in the City of Missoula. The project is a continuation of the HRC
Homebuyer Program that began in 1999. The program provides deferred
payment mortgages to finance the gap between increasing home purchase
prices and the amount first-time homebuyers can afford.
Rocky Mountain $500,000 $2,748,943
Development Corporation
The Big Boulder Apartments, Acquisition/Rehabilitation Project, will renovate and
preserve the only affordable housing project in Jefferson County. Extensive
rehabilitation is needed to keep the building in a safe and habitable condition.
The project will'include adding 13 ADA-accessible units:
City of Shelby $450,000 $1,240,000
The City of Shelby will undertake a program of housing rehabilitation and
homebuyer assistance in the form of down payment and closing costs, coupled
with modest rehabilitation for code compliance, to qualify units for mortgage
financing. Fifteen units will be served under each part of the program, for a total
of forty units.
Town of Terry $346,600 $472,650
The Town of Terry will assist 16 income eligible homeowners with rehabilitation
to their homes and two homebuyers with acquisition of a home in the
jurisdictional limits of Terry.