HomeMy WebLinkAboutOlyCAP South Seven Pre Dev $169,360': 0
11{ i
REQUEST FOR PROPOSALS
Funding for:
HOMELESS RESPONSE SYSTEM OPERATIONS AND HOMELESS
AND AFFORDABLE HOUSING DEVELOPMENT PROJECTS
Section 1: Purpose of Request for Proposals (RFP)
1.1 INTRODUCTION
This RFP covers requests for funding for both Homeless Response System (HRS) operations and
homeless and affordable housing capital development. 5386 and 1590 funds are available for the
operation of homeless and affordable housing services. 1590 funds are also available for the
construction of affordable housing units, including emergency housing, and first -year operations
of these facilities. Additional criteria for eligible projects are listed below.
Proposed projects must meet eligibility requirements under 2023's Senate Bill 5386 modifying
the distribution and uses of the homeless housing assistance surcharges in RCW Titles 36 and 84
and House Bill 1590 as codified in RCW 82.14.530.
We estimate the available funding for this period to be approximately $250,000 for 5386
Homeless Housing and Assistance (operating) funds; $720,000 for 1590 Affordable and
Supportive Housing development funds and first year operating funds; and $480,000 for 1590
Affordable and Supportive Housing operating funds. Note that 1590 operating funds may be
used for all housing -related services.
1.2 FUNDING PERIOD
The HFB is requesting proposals for FIRS Operations and Homeless and Affordable Housing
Development Projects. Funding under this grant program is allocated for a 12-month period. The
period of performance for services solicited under this RFP begins 1/l/2027 and ends
12/31/2027. Initial funding is not an assurance or guarantee of ongoing operations funding after
the contract period. Proposers are cautioned not to assume a commitment of future funding based
on the receipt of funds in prior years.
1.3 AFFORDABLE HOUSING DEVELOPMENT. 1590 FUNDS
The project must meet eligibility requirements under Senate Bill 5386 and House Bill 1590 and
RCW 82.14.530
Funding for Affordable and Supportive Housing in accordance With House Bill 1590 and RCW
82. 14.530
Development (and first year operations): A minimum of sixty percent of this fund must
be used for the following eligible uses:
a. Constructing affordable housing, which may include new units of affordable
housing within an existing structure, and facilities providing housing -related
services, solely for eligible households (as defined below); or
b. Constructing mental and behavioral health -related facilities; or
c. Funding the operations and maintenance costs of new units of affordable housing
and facilities where housing -related programs are provided, or newly constructed
evaluation and treatment centers.
2. Operations: The remaining proceeds shall be used for the operation, delivery and
evaluation of mental and behavioral health treatment programs and services or housing -
related services.
3. No more than ten percent of the proceeds may be used to supplant existing local funds.
4. For purposes of this provision, "eligible households" means persons within any of the
following population groups whose income is at or below sixty percent (60%) of area
median income (AMI):
a. Persons with mental illness
b. Veterans
c. Senior citizens
d. Homeless (or at -risk of being homeless) families with children
e. Unaccompanied homeless youth or young adults
f. Persons with disabilities
g. Domestic violence survivors
1.4 HOMELESS HOUSING AND ASSISTANCE, 5386 FUNDS
In order to be eligible for services under these funds individuals served must:
a. Be persons meeting the definition of homeless under the legislation and persons
at -risk of homelessness such as:
Persons being evicted within a week from a private dwelling unit or
leaving an institution, such as a mental health or substance abuse treatment
facility or a jail/prison, with no subsequent residence identified and
lacking the resources needed to obtain housing.
2
ii. Persons fleeing domestic or family violence with no subsequent safe
residence identified and lacking the resources needed to obtain such
housing.
iii. Persons living on the streets or in emergency shelter but are spending a
short time (up to 30 consecutive days) in a hospital or other institution.
iv. Persons who would otherwise be living on the streets or in an emergency
shelter.
V. Households who are very low-income.
2. Eligible uses of these funds:
a. Rental and furnishing of dwelling units for the use of homeless persons.
b. Costs of developing affordable housing for homeless persons, and services for
formerly homeless individuals and families residing in transitional housing or
permanent housing and still at risk of homelessness.
c. Operating subsidies for transitional housing or permanent housing serving
formerly homeless families or individuals.
d. Services to prevent homelessness, such as emergency eviction prevention
programs including temporary rental subsidies to prevent homelessness.
e. Temporary services to assist persons leaving state institutions and other state
programs to prevent them from becoming or remaining homeless.
f. Outreach services for homeless individuals and families
g. Development and management of local homeless plans including homeless census
data collection; identification of goals, performance measures, strategies, and
costs and evaluation of progress towards established goals.
h. Rental vouchers payable to landlords for persons who are homeless or below
thirty percent (30%) of the area median income or in immediate danger of
becoming homeless.
i. Other activities to reduce and prevent homelessness as identified for funding in
the local plan.
j. Acquisition, construction or rehabilitation of housing projects or units within
housing projects that are affordable to very low-income households.
k. Supporting building, operation and maintenance costs of housing projects or units
eligible to receive housing trust funds, that are affordable to very low-income
households, and that require a supplement to income to cover ongoing operating
expenses.
1. Rental assistance vouchers for housing units that are affordable to very low-
income households.
in. Operating costs for emergency shelters and licensed overnight youth shelters.
3
Section 2: Proposal Evaluation and Selection Process
2.1 PROCESS OVERVIEW
The following procedure will be used to evaluate the proposals and select finalists.
All complete eligible proposals received within the established deadline will be evaluated by the
RFP Screening Panel —the Housing Fund Board (HFB). Proposals will be scored by each HFB
member. The combined totals guide funding awards, and the HFB will approach the specific
awards through a lens of equity, diversity and inclusion.
There will be an opportunity to ask questions on the RFP before the submittal deadline. After
submission and prior to scoring, the panel may ask technical questions after initial review of the
proposal and prior to scoring.
2.2 PROPOSAL SCREENING PANEL
The Housing Fund Board will be the RFP Screening Panel. All HFB members will disclose any
potential connections and recuse themselves from any conflict of interest, not scoring any
conflicted applications. Board service will be disclosed but is not per se a conflict.
2.3 PROPOSAL EVALUATION
Applicants whose proposal is being considered for an award may be invited to make an oral
presentation of their proposal to the HFB.
The HFB will review responses to the questions in the three RFP application sections on project
approach, impact, and budget and award points based on these responses. Each section is worth
10 points for a total potential award of 30 points per proposal.
The HFB reserves the right to recommend funding for multiple contracts under this RFP or
recommend funding for a portion of the requested amount at their discretion.
4
Section 3: Instructions and Timelines
3.1 SUBMISSION REQUIREMENTS
Proposal Deadline:10/16/2026 by 4pm
All responses to this Request for Proposal should be submitted on the provided application form.
Please submit an electronic PDF version of the proposal e-mailed to Carolyn Gallaway at
carolyii(a:.co.ie.ffcrsoii.«-a.us. If electronic submission is not possible, please contact the County
Administrator's office at 360-385-9100 for accommodation.
The following should be in the email's subject line: "Proposal — Affordable and Homeless
Housing Funds."
It is very important that your application is com lete si ed is for an eligible activi and
conforms to alI program requirements. Applications not meeting all the requirements will not
receive consideration for funding.
Proposals MUST be received by 4pm on 10/16/2026. Late ro osals will not be accepted.
Submittals made in an incorrect format will not be considered.
All responses to this Request for Proposal should be submitted on the provided application form.
3.2 PROPOSAL SELECTION TIMELINE
Request for Proposal Timeline for Funds
DATE
ACTIVITY
09/16/26
RFP first publication in paper
09/23/26
RFP second publication in paper
09/25/26
Questions from applicants at 2:30 PM
Zoom Meeting: https://us06web.zoom.us/i/91098454388 (this link is
subject to change)
10/9/26
Technical assistance questions from application due via email.
Questions will be reviewed and answered by a subcommittee of the
HFB.
10/16/26
Proposals must be submitted by 4:00 pm
10/20/26
Proposals opened and distributed to HFB
10/28/26
HFB to make funding recommendations to the BoCC
11/09/26
BoCC takes action on HFB funding recommendations (subject to
change based on BoCC schedule)
November
Contracts to County Prosecutor and Risk Manager for approval
December
Contracts to Providers and returned to BoCC for signatures
Note — All dates are subject to change
3.3 DEFINITIONS
Definition of Area Median Income for Jefferson Coun
Affordable housing program eligibility is always determined by household income. Each
household's income is compared to the income of all other households in the area. This is
accomplished through a statistic established by the government called the Area Median Income,
most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Jefferson County, HUD calculates the Sixty Percent (60%) Area Median Income ("AMI") for
a family of four as $64,200. Sixty Percent (60%) AMI for an individual is $44,940. Link:
htt s://www.huduser. ov/datasets/iUil2026/summa ? ear-2026&re ortt a=count &states=53
&counties=5303199999&hinfa=METRO 10180M 10 180
0
Definition of Very Low -Income
Very -low income is defined as households with income between 30%--50% of AMI. In Jefferson
County for 2026, this means $32,100-53,500 annually for a family of four.
FY 2026 Income Limits Summary
Median
FY20261ncome
FY20261ncome Family Limit
Limit Area income Limit Category
Persons in Family
1
2
1 3
4
5
6
7
8
Very Low (50%).
Income Limits
37,450
42,800
48,150
53,500
57,800
62,100
66,350
70,650
.M.
Extremely Low
22,500
25,700
28,900
33,000
38,680
44,360
50,040
55,720
Jefferson County,
$107,000
Income Limits
WA
Low (80%).
Income Limits
59,950
68,500
77,050
85,600
92,450
99,300
106,150
113,000
($)
3A GENERAL GtADF-LINES FOR APPLICANTS
a. Complete all parts of the application form and answer all questions on the
application. Incomplete applications will not be accepted and will not receive
funding consideration.
b. Be as specific as possible in stating goals, measures of success, objectives,
expected results, deliverables, etc. It is expected that there will be considerably
more requests for funds than there are funds available. Therefore, conciseness and
clarity of description are essential.
c. Any program receiving these funds must use them to provide services only within
Jefferson County boundaries.
d. Applicants that have received prior Affordable Housing and/or Homeless
Housing and Assistance Funds must be current on all required reporting,
including to state funders, to be eligible to receive funds. Applicants must
submit a copy of their 2026 Annual Expenditure Report to Commerce, if
applicable, as part of this requirement.
e. Grantees will be required to submit a written progress report midway through the
grant period and a written closeout report at the end of the finding period with
their final invoice. Failure to submit timely reports/progress data will result in
holding or non-payment of funds. These reports should include a comparison of
7
outcomes to date with those initially proposed. A fiscal and programmatic
monitoring visit may be conducted by the County during any project year. The
provider will make all project -related documents and files available for review.
f. Reimbursement of costs will be addressed in the grant agreement.
g. Jefferson County reserves the right to negotiate additional terms to the grant
agreement it deems necessary and appropriate to ensure compliance with funding
requirements as outlined in 2023's SB 5386, HB 1590, RCW 82.14.530, and
RCW 82.14.540.
h. Funding in previous years does not assure additional awards in this funding cycle.
i. Applicants may submit multiple proposals. It is preferred that proposals be limited
to either requests for funds for either capital development projects or operations
projects/programs.
3.5 BUDGET INSTRUCTIONS
Please use the attached budget templates. If you need additional space, you may insert rows.
"Proposal" refers to the funds requested from these funds that will be applied to this specific
project or program. Blank spaces are provided for additional categories. Justification for budget
items must be specific, and that same specificity should be reflected in subsequent billings.
A maximum 10% Administration fee is allowed for projects if needed, however, Administration
fees are not allowed for Capital Projects.
Sample Contract:
A sample contract may be found on Laserfiche at the following path:
htt s://test.co.'efferson.wa.us[WeblinkExternaVBrowse.as x?id—i0141412&dbid=0
&repo=Jefferson www.co.jefferson.wa.us — Jefferson - Board of Commissioners -
Boards & Committees - Housing Fund Board - RFP 2026
2. Insurance Requirement:
Awardees will be required to meet all the County's insurance requirements, which are
included as Attachment A to this RFP.
. \`;tits'•` rJ
J
APPLICATION
Funding for:
HOMELESS RESPONSE SYSTEM OPERATIONS AND HOMELESS
AND AFFORDABLE HOUSING DEVELOPMENT PROJECTS
Application Proposals must be RECEIVED by: 10/16/26 at 4:00 PM
Section 1: Applicant Information
1.1 APPLICANT INFORMATION
Area of
South Seven Pre-
County to be
Name of Project or Program:
Development
Served:
Jefferson County
Total Amount
of
Development
Total Amount of Operating
Funds
Funds Requested:
0
Requested:
$169,360
HMIS Project Number (if
0816 — OCASouth Seven
applicable):
Senior Village
Federal Tax
Name of Agency/Applicant:
OlyCAP
ID:
91-0814319
Director of Housing
Contact Person:
Viola Ware
Title:
Stability
Address:
2120 W Sims Way
City:
Port Townsend
State:
Washington
Zip:
98368
Phone Number:
360-460-2598
Fax Number:
360-385-5185
Email:
vware@olycap.org
1.2 CERTIFICATION
Certification by Authorized Agency Representative (Board President, CEO, or another person
authorized to bind the agency in a contract).
Name of Authorized Agency Representative:
Holly Morgan
Title:
Executive Director
■ Applicant certifies that these funds will be used as described in this application unless a
change has been mutually agreed upon between Contractor and Jefferson County Board
of County Commissioners. Substantive amendment requests will also require the
approval of the Housing Fund Board (HFB).
• Applicant certifies that the information in this application is true and correct.
• Applicant certifies that it has no outstanding obligations to the County with respect to
housing funds.
Y/& �� 10/16/26
Signature of Authorized Agency Representative Date
10
1.3 PROJECT DESCRIPTION
1. Name of Project or Program:
South Seven Pre -Development Funds
2. Total Amount of Funding Requested:
Fs 169, 360
3. Provide a brief description of the projector program:
The Project will complete a number of the pre -development tasks to support the creation of
affordable units for the homeless elderly adjacent to the current senior affordable housing
at South Seven Senior Village in Port Hadlock.
Olycap has a master lease of the property.
The project will include:
Verification of zoning
.A land survey
A Phase I Environmental Study
Civil engineering and preparation of a site plan
Architectural drawings at 50%
Construction estimates
Execution of a partnership agreement with an experienced developer.
Seeking approval of HUD
Identification of initial financing options for capital and operating expenses and submission
of an application
4. Identify the specific eligible use(s) under 5386 and/or 1590 for which the Projector
Program qualifies, as listed in sections 1.3 and 1.4 of the RFP. If you are submitting for
both operating and development funds, please submit separate budgets for each.
a. 5386 Operating Funds:
$169,360
11
b. 1590 Development Funds:
Not Applicable
c. 1590 Operating Funds:
Not Applicable
Section 2: Approach (10 Points)
1. Specify the projector programgoals and expected outcomes.
The goal is to complete the pre -development work and financing applications needed to
build new affordable housing for older adults experiencing homelessness. The expected
outcome is a construction -ready, fundable project that adds permanent housing, fills a
critical gap for homeless seniors, and strengthens Jefferson County's overall crisis
response system.
2. Briefly describe how the project aligns with and contributes to the priorities, goals and
actions of the 2025-2030 Jefferson County Homeless & Affordable Housing Services
Plan. The Plan is available for viewing at
https://www.co.Jefferson. wa. us/DocumentCenterNiew/23 792/2025-203 0-Homeless-
H ou sing- P 1 an?b id Id= (2_ points
12
Objective 3: Prioritize assistance based on the greatest barriers to housing
stability and the greatest risk of harm.
Completing the necessary pre -development actions and applying for financing to
construct new units of permanent housing addresses the single greatest barrier to
housing stability in Jefferson County, the lack of permanent affordable housing
units.
This project will bring funding to the community for wider benefit (Strategy A). It will
also support securing and managing capital project funds for the homeless service
provider system through grant opportunity identification and proposal development
(Action 3.A.5).
Objective 4: Prevent episodes of homelessness whenever possible.
The project supports Objective 4 by increasing the future supply of affordable
housing for older adults with very low or fixed incomes. Creating housing that is
affordable and designed for this population will help prevent housing loss, reduce
returns to homelessness, and provide a stable option before individuals require
more costly crisis services.
Objective 5: Seek to house everyone in a stable setting that meets their
needs.
The project directly supports Objective 5 by advancing the development of
permanent affordable housing for older adults experiencing homelessness. This
population faces limited housing options and increased health and safety risks while
unhoused. South Seven will help fill a critical gap in Jefferson County's crisis
response system by creating stable, appropriate housing where older adults can
remain safely housed.
13
3. Describe any collaborations that informed the development of this project, including
lIl I`Si]L151[1� PUIlU LSU2IIU QllU l.UllIllIUUll1 Vl l.a1G a�uviuw. �c ����iin��
The project was informed by ongoing collaboration with local housing and service
partners and through participation in Continuum of Care activities. OlyCAP reviewed the
project with Community United Methodist Church in Port Hadlock, which leases the
South Seven Senior Village property to OlyCAP through November 30, 2079. OlyCAP
also reviewed the project with Peninsula Housing Authority. These collaborations helped
confirm the need for additional permanent affordable housing for older adults
experiencing homelessness and informed the project's development and financing
approach.
4. Describe the engagement and participation of lived experts in this project's development.
(2 Points)
Although lived experts were not directly involved in the project's initial development, they
will help inform the design of the housing units and amenities, review architectural plans,
and provide input on program supports. OlyCAP values lived experience and will
incorporate this input as the project moves forward.
5. Provide a brief description of expertise and/or recent, relevant and successful experiences
in delivering similar programs and/or projects, including ability, stability and resources to
implement this project or program. (2 points)
OlyCAP has extensive experience developing, operating, and maintaining affordable
housing and homelessness programs in Jefferson County. Since 2005, OlyCAP has owned
and operated 15 units of affordable senior housing through its wholly owned subsidiary,
South Seven Senior Village. The property was developed through HUD's Section 202
program, which may provide a financing option for the proposed new units.
OlyCAP has successfully obtained and managed public funding and completed capital
projects that improve housing properties and services, including the sanitation building at
Caswell -Brown Village. OlyCAP has experienced housing leadership and systems to
support successful project implementation.
The project may also be developed as part of a scattered -site 9% Low -Income Housing Tax
Credit project in partnership with Peninsula Housing Authority, which has significant tax
credit expertise.
14
Section 3: Impact (10 Points)
1. What services will be funded?
The necessary pre -development services to prepare and complete applications for
construction financing.
2. How many individuals by demographic will be served by these funds? Describe how
this project supports the original target group or income level of your organization. (2
points)
These funds will support pre -development activities and will not directly serve tenants
during the grant period. The completed project is expected to create approximately 20 to 30
affordable housing units for 20 to 30 older adults experiencing or at risk of homelessness,
depending on final zoning and site requirements. Future tenants will be referred through
Coordinated Entry and will meet applicable low-income or very low-income eligibility
requirements. The project directly supports OlyCAP's longstanding mission of serving low-
income and vulnerable Jefferson County residents by expanding permanent affordable
housing for seniors.
3. How does this project serve marginalized populations and address risk of harm and
barriers to housing stability? What is your plan for continuous improvement in serving
nisioncany unaerservea populations. l�
Older adults represent a significant and growing share of people experiencing
homelessness in Jefferson County making up over half of vulnerable individuals on the
Jefferson County's By Name List. Many live on fixed incomes and face health conditions,
mobility limitations, inaccessible housing, and a severe shortage of affordable units. These
barriers, combined with ageism, disability, and other forms of marginal ization, increase the
risk of illness, injury, exploitation, and prolonged homelessness.
This project will address these risks by advancing the development of permanent,
affordable, and accessible housing for older adults experiencing or at risk of homelessness.
OlyCAP will support continuous improvement by seeking input from people with lived
experience, reviewing plans and program supports for accessibility and responsiveness,
and using resident feedback to guide improvements as the project moves forward.
15
4. Specify the measures of success by which the project or program will be assessed.
points)
Success will be measured by the completion of pre -development activities, progress toward
securing construction financing, and the eventual creation of permanent affordable housing
for older adults. The long-term measure will be a reduction in the number of older adults
experiencing homelessness on Jefferson County's By -Name List as individuals move into
the new housing units.
5. How would the project contribute to positive movement in Commerce's Homeless
System Performance Measures, including total project entries, length of time homeless,
_ -1 _a PI
eX1LS LU [7CIIFULFIC LIL OVU-I11ig. IGLU1113 LU 11V111c1GJJ11l JJ, anu J.'Jw1111k—
Because this funding supports pre -development, it will not directly affect system
performance measures during the grant period. However, it will position the project to
secure financing and create approximately 20 to 30 permanent affordable housing units for
older adults experiencing homelessness.
Once completed, the project will increase entries into permanent housing, shorten the
length of time older adults remain homeless, and reduce returns to homelessness by
providing stable, affordable, and age -appropriate housing. Tenant selection through
Coordinated Entry will support system prioritization by ensuring that available units are
offered to eligible older adults with the greatest barriers to housing stability and risk of
harm. Over time, the project is expected to reduce the number of older adults on Jefferson
County's By -Name List and strengthen overall system performance.
6. For operations programs, how does the proposed project or program demonstrate the
following priorities: Preservation of existing services and/or providing services to
underserved populations and/or populations not served in the same way elsewhere?
(2 Points Operations funding only)
The project will expand housing for an underserved and growing population, older adults
experiencing or at risk of homelessness who have few affordable, accessible housing
options in Jefferson County. The requested funds will support the pre -development work
needed to create approximately 20 to 30 permanent affordable housing units. By increasing
the supply of housing designed for older adults, the project will fill a gap not adequately
addressed elsewhere in the community and help reduce the number of older adults
experiencing homelessness.
16
7. For capital development projects, how does the proposed project demonstrate "serving
the greatest need" as identified in Appendix D, Prioritization Criteria of Homeless
Housing Capital Projects, in the 2025-2030 Jefferson County Homeless & Affordable
Housing Services Plan. The list of populations shown as serving the greatest need is not
prioritized. (1 point Capital Project funding only)
Not Applicable
For capital development projects, how many new units will be brought online? How
many existing units will be preserved? (1 point Capital Project funding only)
Not Applicable
17
Section 4: Budget (10 Points)
4.1 FINANCIAL READINESS (2 points)
1. Is the Project or Program ready to use the funding now or are there actions to be taken
before the Project or Program can begin? If so, what are those actions'!
The Project will be ready to start within 60 days of the award of funds.
2. What other funds, donors, or community support are involved with the project? Identify
other sources of funds that would be leveraged with the requested funds and/or how these
funds will be used to leverage other funds.
There are no other sources of funds.
3. Will the requested funds, including funds from other sources, fully fund the Project or
Program? If not, how does the organization intend to fill the gap?
The requested funds will fully support the Project.
4. Describe your staffing plan for this project including how many people will be assigned
to ao this work anti tnelr avatlaoitlty! will tnls project require new cores:
The Project will be managed by Peggy Webster, Housing Project Manager at Olycap and
will use consultants with specific expertise to perform surveying, engineering, architectural
planning and development of financing application(s).
4.2 FINANCIAL SUSTAINABILITY (2 points)
1. For capital development projects, how are the requested funds matched by operating
funds going forward? Specify the degree of matching support.
Not Applicable
2. Briefly describe your plan for financial sustainability of the Project or Program.
iF.]
The Project will be completed and will require no additional funding for pre -development.
19
4.3 SCALAE[L1TY (Non -scoring question)
Is the Project or Program scalable if all funding requested is not recurred? How would the
Proiect or Program be impacted?
The Project is not scalable as all tasks must be complete to initiate applications for
construction financing.
4.4 ItEQUWED gDD1T1ON,Af. DOCUMENTS (2 points)
Please attach the following items along with your RFP Application submission. Applications
without these documents may be deemed incomplete.
1. Please attach a current operating budget for the organization requesting the funding.
2. Also, if your organization is an HMIS participant, please attach a copy of your 2026
Annual Expenditu res Report to Commerce.
20
4.5 CAPITAL PROJFC" i'S BU,DGI T (4 Points. Capital Project filnding only)
1. Budget
f nnitnl Rmidget for Real Estate Development Uses
Financing
Categories
Estimate
Basis of Estimate
Total Acquisition
Costs
$
Construction
$
Construction Fees
$
Financing Fees and
Charges
$
Guarantees and
Reserves
$
Developers Fee
$
Subtotal
$
TOTAL
$
21
2. Funding Sources
Financing Categories
Estimate
Indicate if Committed or Application has been made.
If not made indicate date application is to be
submitted
Private Loan
$
Jefferson County Funds
$
Public Sources (State or
Federal Funds)
$
Foundations
$
Donations
$
Low Income Housing
Tax Credits (indicate 9%
or 4%)
$
Historic Tax Credits
$
New Market Tax Credits
$
Gap (if any)
$
TOTAL
$
3. Narrative: Please include any budget narrative that is descriptive or helpful to explain any
part of your proposed expenditures in your capital budget(s).
22
4.6 PROGRAM OPERATING BUDGET (4 points Operating funding only)
Operating Budget SEE BUDGET NOTE
Program Operating Budget
Budget Categories
Program
Proposal
Justification
Priority
Salaries
Benefits
Rental Subsidies
Utilities
Insurance
Food/Supplies
Furnishings/Equipment
Repair/Maintenance
Transportation
(explain)
Subtotal
Administration (10%
max)
TOTAL
2. Staffing Budget
If your Project or Program includes salaries and benefits, please list position(s) and number of
full-time employees (FTE) to be paid by these funds (FTE should be that percentage of time the
employee is dedicated to this Project or Program —for example 20 hour a week, part-time salary
would be represented as 0.5 FTE):
Position
Salary
Benefits
FTE
Housing Project Manager
$6,240
$3,120
.10
3. Funding Sources (Please provide previous year funding if applicable)
All Funding Sources for the Program
23
Funding
Awards
Awards
Indicate if Committed
Sources
2026
2027
or Application has been
made.
Public Sources
$
$
(State or Federal
Funds)
Private
$
$
Donations
Foundation
$
$
Grants
United
$
$
Campaigns
Other
$
$
Other
$
$
TOTAL
$
$
4. Narrative: Please include any budget narrative that is descriptive or helpful, to explain
any part of your proposed expenditures. For instance, if you are requesting furnishings or
appliances specifically for housing included in your Project or Program, what are the
items you are requesting?
24
The budget will consist primarily of third -party consultants and contractors as follows:
From award through Month 5
a. Confirmation of zoning.
b. Complete Land Survey
c. Complete Phase 1 Environmental.
d. Complete an assessment of infrastructure by a civil engineer.
From Month 6 through 10
a. Complete architectural drawings at 50%
b. Obtain construction estimates.
c. Explore and document a partnership with Peninsula Housing Authority.
d. Obtain HUD approval.
e. Identify initial financing options for capital and operating expenses and
complete applications for financing.
2. Estimated Cost
a. Phase I Environmental - $ 6,000
b. Survey - $10,000
c. Civil Engineer - $10,000
d. Architect - $54,000
e. Development Consultant - $ 80,000
Total Project Cost, including the Project Manager's salary and benefits to support project
coordination and timely completion: $169,360.
25
OIyCAP 2026 Consolidated Budget
Revenue
Contributions
Donations - Corporate
Donations - Individual
Grant Revenue
Foundation Grant Income
Gov't Contracts
CSBG
Program Fee
Rental Income
Misc. Revenue
Total Revenue
Expense
Total
$75,000
$120,000
$175,000
$8,942,984
$101,000
$10,500
$124,482
$465,900
$10,014,866
Total Salaries/benefits
$4,601,970
Total Supplies
$355,427
Total Community Pass Through
$2,612,233
Total Contract/Professional Fees
$334,319
Total Facilities/Equipment
$775,318
Total Travel/Fleet
$59,415
Total Training and Education
$151,100
TotalAdmin Expenses
$221,253
Total Expenses $9,111,035
ICR/Indirect $872,661
Net Revenue over Expense $31,170