HomeMy WebLinkAboutExhibit 25 -OlyCAP_Award Letter STATE OF WASHINGTON
DEPARTMENT OF COMMERCE
1011 Plum Street SE PO Box 42525 Olympia, Washington 98504-2525 360-725-4000
www.commerce.wa.gov
June 30, 2023
Cherish Cronmiller
Executive Director
Olympic Community Action Programs
802 Sheridan Street
Port Townsend, WA 98368
Re: Your 2022 Housing Trust Fund Application
Dear Director Cronmiller,
Congratulations! I am pleased to inform you that your Housing Trust Fund (HTF) application to
develop the “Caswell Brown Village” affordable housing project has been conditionally approved for
funding. Your project application was in response to our Notice of Funding Availability for the 2022
Traditional HTF Multifamily Rental Projects funding round (NOFA #MHU-2022-02).
Your project is awarded up to $5,500,0000 with STATE funds from the 2021-2023 Biennial Budget
appropriation made from both general and Apple Health and Homes (AHAH) Capital funding. The
project will be contracted under contract #22A-94122-015 (formerly #22-94120-015). The Attachment
to this letter provides conditions upon which your award and contract execution are contingent. A copy
of the current contract template for STATE funded projects has also been included for reference.
As determined by the units, population, and area median incomes (AMIs) identified in your submitted
application on which this award is based, the Department of Commerce (Commerce) will structure the
2022 awards, based on the Temporary Policy for Housing Trust Fund Loans and Grants, as a
recoverable grant. This means the funds will be a grant so long as the terms of the contract are met for
the duration of the commitment period. If the contract’s terms are unable to be met, the funds are
recovered. Recoverable grants will also be offered when required by the budget appropriation/proviso
or funding source (e.g., tax-exempt bonds can only be granted).
Changes to the units, populations, or the AMIs as presented in the application under which this award
is offered may result in a different award structure. The 2022 award structures can be found on the
HTF website at https://www.commerce.wa.gov/building-infrastructure/housing/housing-trust-fund/.
Your project must produce, at a minimum, the units identified below (as represented in your 2022 HTF
application materials and AHAH Addendum) to be placed in service at the end of your project’s
construction phase.
Please review this information closely and contact your HTF Project Manager (identified below)
immediately if you have any concerns or questions. Requests to change these units may result in either
the reduction or rescission of the funding award.
[AMENDED]
DocuSign Envelope ID: B458AAE0-E864-4C15-8D12-116103168D04
Your 2022 Housing Trust Fund Application
Olympic Community Action Programs – Caswell Brown Village
June 30, 2023
Page 2 of 2
Income Levels and Unit Counts Assisted Populations Assisted
% of Area Median Income Qty. Unit Type Population Type
Not
Homeless at
Entry
Homeless
at Entry
At or Below 30% 13 SRO Family with Children 9
At or Below 30% 31 Beds General **13
General 22
Common Area / Manager* 0
Market Rate* 0 Common Area / Manager* 0
Total = 44 Subtotals = 0 44
*Commerce funds cannot be used for these units. Total = 44
AHAH Units 13 **Units identified as permanent supportive housing.
If, at any time, a project is unable to meet any of the funding award conditions outlined in this letter
and in the enclosed Attachment, or as provided in the HTF Handbook, then the award may be
reduced or withdrawn. Commerce also reserves the right to reduce the award if project costs are
lower, or other funding sources are higher, than as projected in the application. You are responsible
for informing your HTF Project Manager in advance of issues that may impact your ability to meet
any of the above conditions.
If you have any questions, you can contact your HTF Project Manager, Jennifer Lane, at
Jennifer.Lane@commerce.wa.gov or (360) 725-2805, or myself at (360) 485-2136 or
nathan.lichti@commerce.wa.gov.
Congratulations again on your award! We look forward to working with you on this important project.
Sincerely,
Nathan Lichti, Managing Director
Multifamily Housing Unit
Housing Division
Washington State Department of Commerce
Attachment
cc: Jennifer Lane, HTF Project Manager, Department of Commerce
Shawn Slape, Deputy Managing Director, Department of Commerce
Kathy Morgan, Project Contact, Olympic Community Action Programs
Charlie Hitchcock, Development Consultant, Office of Rural and Farmworker Housing
Rose Minier, Washington Community Reinvestment Association (WCRA)
DocuSign Envelope ID: B458AAE0-E864-4C15-8D12-116103168D04