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HomeMy WebLinkAboutHabitat EJC Jeff Co Housing Fund Rev Request 3.13.26 (1) PO Box 658, Port Townsend, WA 98368 tel (360) 379-2827 info@habitatejc.org www.habitatejc.org Date: March 17, 2026 To: Jefferson County Housing Board c/o Chairperson, Heather Dudley-Nolette From: Jamie Maciejewski, Executive Director, Habitat for Humanity of East Jefferson County (Habitat EJC) Re: Request for revision of 2026 Affordable Housing/Homelessness Services Funding for Landes Terrace New Construction Agreement On behalf of Habitat EJC, I am writing to request a revision of 2026 Affordable Housing/Homelessness Services Funding for Landes Terrace New Construction Agreement. These funds will be used to meet the same objective as originally proposed: Per the 2019-2024 Five-Year Homeless Housing Plan, our project addresses Objective #6: Increase the development of affordable housing through the following 1) Increase workforce housing units for those between 50 -80% AMI (Action 3) 2) Supportive efforts aimed at ending homelessness by building homes for those earning 30-80% AMI (Action 9) Habitat EJC requested $20,000 for each of five homes in our Landes Terrace project (for a total of $100,000) as an affordability subsidy. The five homes will be sold to homebuyers earning 60% AMI or below. The affordability subsidy will stay with the land to make these homes permanently affordable to low-income homebuyers. The total cost to build a Habitat home, including land purchase and infrastructure, is typically around $355,000, while the typical mortgage for a Habitat homeowner is $205,000. The $150,000 gap is bridged by philanthropy and grants. Some buyers require more subsidy and some less depending on their circumstances. We build strength, stability, self-reliance, and shelter. PO Box 658, Port Townsend, WA 98368 tel (360) 379-2827 info@habitatejc.org www. habitatejc.org Habitat EJC applied to the Housing Trust Fund for $150,000 per house in Landes Terrace and received the full amount. As mentioned in our original proposal, we were hoping to receive $130,000 per home and were pleased to receive the full award. We are grateful to Jefferson County Housing Board for awarding Habitat EJC $90,000 ($18,000 subsidy per home). After reviewing our list of homebuyers who are 60% AMI or less at Landes Terrace, we anticipate the need for just three of the $18 K/house grant funds from the Housing Board (a total of $54,000). These funds would be applied to buyers who need additional subsidy (beyond the Housing Trust Fund dollars) to make the homes affordable for them. Additionally, we have the opportunity to immediately apply the remaining $36,000 of the awarded funds to two 60% AMI homebuyer transactions elsewhere. One home is a newly constructed 3-bedroom home at the Cliff Street Cottages, and the other one is a Habitat home at 1215 Rosecrans that was built in 2023 and was resold to a 60% AMI family in February. In both cases, the families needed more subsidy than was provided by Housing Trust Fund dollars to make the home affordable. Both homes are in our permanent affordability program. We believe this is the best use of funds and serves the same service area, same AMI level, and fulfills the Board’s intention when these funds were awarded. Please let us know if you have any questions about this request. Thank you for your consideration. Jamie Maciejewski Executive Director