application for funds for project to help … · 2015-01-07 · columbia credit union (final terms...

APPLICATION FOR FUNDS

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APPLICATION FOR FUNDS FOR PROJECT TO HELP WASHINGTONHOMEOWNERS AVOID PREVENTABLE FORECLOSURES OR TO AMELIORATE

THE EFFECTS OF THE FORECLOSURE CRISIS

Please submit an application including all of the following information. Incompleteapplications will not be considered.

I. APPLICANT INFORMATION

Organization Name: Vancouver Housing Authority

Mailing Address: 2500 Main St

City, State, Zip: Vancouver, WA 98660

County: Clark

If Tribal, Designate Tribe: N/A

Primary Contact Person: Roy Johnson

Primary Contact Phone No.: 360-993-9500

Primary Contact Email: [email protected]

Secondary Contact Person: Saeed Hajarizadeh

Secondary Contact Phone No.: 360-993-9510

Secondary Contact Email: [email protected]

II. ORGANIZATION TYPE

(check applicable)

501(c)3 nonprofit

Tribal

Governmental agency

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mailto:[email protected]



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III. IDENTIFYING INFORMATION

Tax Identification Number (TIN): 91-6000981Uniform Business Identifier (UBI): 601138138

A. Does your organization currently receive any funding from the AGO? If yes,please identify the date of your last report.

No; Yes.

B. Does your organization receive any funding from any other governmental agencyfor housing related projects or foreclosure related assistance? If yes, list thecontracts by title, contract number and funding amount for the past 3 years.

No; Yes.VHA is the largest provider of affordable housing in Clark County. Please seeattached list of Federal awards for the year ending 12-31-2011.

C. Is your organization solely owned/operated by a current state employee? If so,please complete the Ethics Certification process at www.ethics.wa.gov.

No; Yes.

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http://www.ethics.wa.gov/


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IV. PROJECT PROPOSAL

A. Project Title: Stop Preventable Foreclosures

B. Requested Amount: $7,155,625

C. Project summary: In 150 words or less, concisely describe your project and howit meets the criteria set forth in the settlement. This summary will help theCommittee review proposals. Attachments and exhibits are not allowed in thissection. Over-length summaries will disqualify application.

Community Housing Resource Center (CHRC) and Vancouver HousingAuthority (VHA) are collaborating to provide eligible homeowners the chance topresent an offer to retire a home loan in default and subject to foreclosure.Homeowners transfer their property ownership to VHA through a short sale orforeclosure satisfaction, entering into a lease/purchase interest with VHA. CHRCdetermines eligibility and counsels homeowners. VHA prepares financialanalyses and secures market analyses of properties and determines thehomeowners’ ability to meet financial demands of the program. CHRC works torebuild “homeowner” credit allowing them to repurchase their homes whendetermined to be “mortgage ready”—anticipated to take 2-4 years. VHAcompletes emergent repairs upon an initial purchase of a property and managesthe property throughout the lease term(s). Dependent upon households’ income,VHA may provide initial rent support with available Section 8 funds or reducedrent for up to exceed 6 months.

D. Describe how your project meets the criteria set forth in sections I and III above,including estimated start and completion dates. Supporting information andexhibits may be included here. Please try to make your submission as concise aspossible.

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This strategy, “to stop preventable foreclosures” seeks to reach out to and aideligible homeowners caught on a slippery slope ending in foreclosure. Success isdefined by:- Targeting homeowners within the community who’s personal financial position

has been significantly compromised during the downturn in the economy and as aresult been subject to unfair or deceptive mortgage servicing practices which haveprevented them from protecting their greatest asset

- Efforts to stabilize neighborhoods due to turnover, vacancy and property neglect- Ensuring administrative costs to operate this strategy remain low to help maintain

its viability- Greater lender participation in the loan modification, mediation and/or ‘meet and

confer’ process- Greater likelihood of successful loan modifications, mediations and/or ‘meet and

confer’ processes- Establishment of escrows as a percentage of the lease payment for down payment

assistance.- Provision of graduated discount to encourage purchase of the home such that a

5% discount if purchased by year 3 and a 3% discount if purchased by year 5.Utilization of skills of HUD Counseling Agency (CHRC) and premiere housingauthority (VHA) to provide local response and drawing upon their skills toameliorate the impact of foreclosures in Clark County WA.

E. Describe the demographics of the consumers you serve. Please providesupporting data or statistics.Predominately assisting households earning less than 80% of area median income

and home appraised below $250,000.

F. Describe the geographic scope of your project.The primary market for this program is Clark County. With resources available,we will seek additional agreements to operate within Cowlitz, Skamania andWahkiakum Counties.

G. Identify the total number of consumers you expect to serve during the life of thisgrant.50+ households based on average acquisition price of $200,000. Additionalhouseholds may be assisted through the relending of loan proceeds

H. If this is not a new project, describe what changes are being made to an existingproject.na

I. Describe how net benefit or positive outcomes can be measured at the end of theproject.The net benefit inures to the homeowner whose home setting has been stabilized;with a strategy in place supported by the Community Housing Resource Center

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and Vancouver Housing Authority to rebuild the homeowner’s credit and preservethe value of the home as a household and community asset.

A “homeowner-turned-tenant” may choose not to repurchase their home. Thisdecision could be considered a positive outcome, if they remain unable to affordrepurchase and/or prefer to remain a renter and not again assume theresponsibilities of homeownership. In such a case, VHA will resell the home to a“program eligible” home purchaser.

Further benefit inures to the immediate neighborhoods of these homes. There issignificant evidence to suggest foreclosed single family detached dwellings, leftunoccupied, represent a mounting drain upon the internal strength and externalappearance of their neighborhoods.

J. Have you applied for an equivalent grant in the past, and if so, to which entity andwhen?no

K. If you intend to collaborate with other organizations, please provide a letter ofsupport from that organization.1). Letter from Kevin Gillette, Executive Director, Community HousingResource Center attached to the presentation. 2.) Letter of Interest fromColumbia Credit Union (final terms to be negotiated).

L. Please provide an organization chart for your organization.attached

M. Please provide three references familiar with organization’s activities and theircontact information.Peter MunroeClark County Housing and Community Development ManagerClark CountyP.O. Box 5000Vancouver, WA 98666-5000(360) 397-2075 Ext. [email protected]

Peggy SheehanCommunity Development Grants ManagerCity of VancouverP.O. Box 1995Vancouver, WA 98668-1995(360) [email protected]

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Debby Dover, Executive DirectorSecond Step Housing2500 Main Street - Suite 120Vancouver, WA 98660(360) 993-5451 ext [email protected]

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V. PROJECT BUDGET

As noted previously, this grant must be used to provide additional services and not merelyreplace existing services or supplant existing funding. No current salaries or benefits may befunded using grants provided by the AGO unless expressly and explicitly granted, in advanceand in writing, by the Committee. The Committee reserves the right to request a more detailedbudget prior to selection.

A. Total Project amount:

AGO Grant OtherMatchingSources(25%)

VHA

Goods and Services: Acquisition of homes in danger offoreclosure & emergent repairs– 50homes, averaging $175K

6,562,500 2,187,500

Admin Overhead: At 5% of grant amount 328,125CHRC

Salaries:Goods and Services: Ongoing Counseling Services ($5,000

per transaction)250,000

Admin Overhead: Program Development and Outreach 15,000Total: 7,155,625 2,187,500

B. What percent of your total project budget does this funding request represent?77 percent

C. If the project will be funded in part from other sources, identify those sources andthe funding amounts.

VHA intends to fund 25% of the initial acquisition financing of each propertywith a draw from a credit line available through Columbia Credit Union and/orother credit unions in the Clark County market. Monthly, Program Revenues—tenant lease payments—will pay credit union debt service property taxes,insurance, ongoing property management, repairs, and establishment of downpayment escrows.

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VI. PROJECT ADMINISTRATION

A. Identify within your organization who will be directly responsible for thefollowing project components: (a) administration, (b) fiscal, (c) service delivery.Attach a current resume for the agency director, and the lead project staff person,and a current agency organizational chart.(a) Administration: Roy Johnson, Executive Director(b) Fiscal: Saeed Hajarizadeh, Deputy Director(c) Service Delivery:

- VHA Craig Lyons- CHRC Kevin Gillette

B. Describe what steps your organization will take to ensure that the project willserve its intended purposes and be completed on time.

VHA and CHRC, will use their comparative talents to screen, select and traineligible homeowners, and secure lease and manage the property until such time asit may be repurchased by its owner.

C. Describe how you plan to measure and evaluate the success of your project andinclude samples of evaluation tools if available.We would set a goal of purchasing 50 homes. We expect to evaluate project’ssuccess based upon a thorough review of the successful and unsuccessfulhomeowner agreements. Questions may include:

- What is the incidence of program “eligible” homeowners in the market?- What is the success rate of negotiating a short sale agreement?- What is the likelihood a homeowner will financially quality for the

program?- Do the property conditions warrant a significant investment upfront or

during the lease period?- Do homeowners successfully complete their counseling and education

requirements?- If so, how quickly are they able to stabilize their home finances and secure

repurchase financing?- Program wide, how quickly are will funds revolve to a second phase?- Are their identifiable benefits visible in a neighborhood or on a street

where a homeowner is using the program? If so, what and are thereopportunities to replicate the impact elsewhere?

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VII. CERTIFICATION

I certify that I have the authority to submit this proposal, and that the information in this proposalis true and accurate. If my organization is faith-based, I understand that federal and state lawprohibit the use of public funds for religious worship, exercise, instruction or support of anyreligious establishment.http://www.acf.hhs.gov/programs/ccb/law/state_faith_based.htmhttp://www.leg.wa.gov/LawsAndAgencyRules/constitution.htm

I understand that my organization will not receive reimbursement for any costs incurred inpreparing this proposal. If awarded funding, I understand that our proposal will be incorporatedinto the final contract.

Printed Name and Title: Roy Johnson, Executive DirectorSignature (by entering name here,form is electronically signed):

Roy Johnson

Date: June 27, 2012

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http://www.acf.hhs.gov/programs/ccb/law/state_faith_based.htm

http://www.leg.wa.gov/LawsAndAgencyRules/constitution.htm

Assista

Shar

Assista

Shar

Community Housing Resource CenterCommunity Housing Resource Center

2012 Organization Chart

nt Counselor

on Malpass

CHRC

Board of Directors

Volunteer Board

Executive Director

Kevin Gillette

Deputy Director/

Development Officer

Charlene Dahlen

Program Manager

Neal McKeever

Financial Counselor

rMartha Beck

nt Counselor

on Malpass

Office Manager/Intake/Notary

s

Office Manager/Intake/Notary

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Patricia Edward

HOUSING AUTHORITY OF THE CITY OF VANCOUVER

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

For the Fiscal Year Ended December 31, 2011

Grantor/Pass-Through Grantor

Program TitleCFDA

NumberOther Identification

Number

DirectFederal

Expenditures

IndirectFederal

Expenditures

TotalFederal

Expenditures

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Section 8 New Construction/Substantial Rehabilitation 14.182 W16001002/1802/2903/2906/2907/2908 1,101,969

Mulifamily Housing Service Coordinator 14.191 WA19HS09003 66,571

Community Development Block Grant (Loan) 14.218 Clark County 97-CDBG-21 Orchard Glen 16,667

Community Development Block Grant (Loan) 14.218 Clark County Project 9410 NE Adams St. 1,100

Community Development Block Grant (Loan) 14.218 City of Vancouver Project 414205 Esther Sh. 91,667

Community Development Block Grant (Loan) 14.218 Clark County Camas Ridge Project 35,972

Community Development Block Grant (Loan) 14.218 City of Vancouver Vista Court Project 81,500

Community Development Block Grant (Grant) 14.218 City of Vancouver Vista Fruit Valley Task Force 14,574

Community Development Block Grant (Grant) 14.218 City of Vancouver 2010 Shelter Improvement Project 194,204

Total CFDA Number 14.218 435,684

Community Development Block Grant (Grant) 14.228 City of Vancouver NSP 1027 W 39th Street 7,182

Community Development Block Grant (Grant) 14.228 City of Vancouver Mill Plain HD Lots # 2, Lot 6 100,000

Community Development Block Grant (Loan) 14.228 Clark County NSP 16703 SE 1st Street 564,268

Community Development Block Grant (Loan) 14.228 City of Vancouver NSP 16703 SE 1st Street 385,621

Total CFDA Number 14.228 1,057,071

Shelter Plus Care (Central Park Place & Esther Short & Parklane)14.238 WA0196C0T080802 57,910

Shelter Plus Care (Central Park Place & Esther Short & Parklane)14.238 WA0196C0T081003 47,605


Bridges to Housing : HUD EDI 2010 14.251 Neighborhoods Partnership Maple Knoll 47,095

Bridges to Housing : HUD EDI 2010 14.251 Neighborhoods Partnership Parklane 54,850


Resident Opportunity & Supportive Services (ROSS 2009) 14.870 WA008RPS061A009 65,815

Resident Opportunity & Supportive Services (2009 PIH FSSR) 14.870 WA008RFS202A009 31,928

Resident Opportunity & Supportive Services (2010 PIH FSSR) 14.870 WA008RFS235A010 32,886

Resident Opportunity & Supportive Services (ROSS 2011) 14.870 WA008RPS005A010 30,791


Section 8 Housing Choice Vouchers (FSS) 14.871 WA008FSF0003 128,442

Section 8 Housing Choice Vouchers (VASH) 14.871 WA008VA0001 447,040


Section 8 Housing Choice Vouchers (Mainstream) 14.879 WA008MT0006 417,908

The Accompanying Notes to the Schedule of Expenditures of Federal Awards are an Integral Part of this Schedule.

Section 8 Housing Choice Vouchers (Mainstream) 14.879 WA008MT0006 417,908

Moving to Work Demonstration Program (Low Rent) 14.850 WA008000511 649,152




Moving to Work Demonstration Program (HCV) 14.881 WA008VOW/VO 13,161,516

Moving to Work Demonstration Program (CF 2009) 14.872 WA16P00850109 172,808

Moving to Work Demonstration Program (CF 2010) 14.872 WA16R00850110 854,360

Moving to Work Demonstration Program (CF 2011) 14.872 WA16R00850110 98,779


Subtotal Moving to Work Demonstration Program 14.881 15,781,646

Family Unification Program (FUP) 14.880 WA008FU0001 255,106

ARRA - Public Housing Capital Fund Competitive 14.884 WA00800051409E 340,834

ARRA - Public Housing Capital Fund Competitive 14.884 WA00800051109R 788,209

1,129,043

TOTAL U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 19,594,660 1,594,700

U.S. DEPARTMENT OF ENERGY

DOE ARRA 81.042 Clark County Skyline Crest Weatherization Measures 115,115

Bonneville Power Authority -Department of Commerce 81.F10-43104 Clark County Skyline Crest Weatherization Measures 5,313

120,428

U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES

LIHEAP- WX 93.568 Clark County Skyline Crest Weatherization Measures 5,313

U.S. DEPARTMENT OF HOMELAND SECURITY

Disaster Housing Assistance Program 97.109 WA008FE0001, WA008F1001, WA008F2CT01 8,164

WA008F2C001, WA008F2P001

TOTAL FEDERAL EXPENDITURES 19,602,824 1,720,441 21,323,265

The Accompanying Notes to the Schedule of Expenditures of Federal Awards are an Integral Part of this Schedule.43-013


SCHEDULE OF STATE AND LOCAL FINANCIAL ASSISTANACE


Grantor/

Pass-Through Grantor

Program Title

Other Identification

Number

State

Expenditures

Local

Expenditures

Total

State & Local

Expenditures

Washington State Department of Community, Trade and Economic Development

Operating and Maintenance Fund Program 09-42200-106 (Anthem Park, Plum Meadows, Esther Short) 43,311$

Operating and Maintenance Fund Program 09-42200-145 (Mill Creek Apartments & Mill Creek Estates) 36,688

Operating and Maintenance Fund Program 09-42200-036 (Arbor Ridge & Central Park Place) 308,142

Total State Assistance 388,141

TOTAL STATE AND LOCAL ASSISTANCE 388,141$ -$ 388,141$

The Accompanying Notes to the Schedule of Expenditures of State and Local Financial Assistance Are An Integral Part of this Schedule.The Accompanying Notes to the Schedule of Expenditures of State and Local Financial Assistance Are An Integral Part of this Schedule.

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NOTE 1 BASIS OF ACCOUNTING

This schedule is prepared on the same basis of accounting as the authority's financial statements. The authority

uses the accrual basis of accounting.

NOTE 2 PROGRAM COSTS

The amounts shown as current year expenditures represent only federal and state/local grant portions of the

program costs. Entire program costs, including the authority's portion may be more than shown.

NOTE 3 FEDERAL LOANS

The authority was approved by various local jurisdictions to receive pass-through CDBG loans totaling $? to

build low income housing. The amount listed includes loan proceeds received during the year and the outstanding

loan balances from prior years.

Community Development Block Grant (Clark County 97-CDBG-21) Orchard Glen 16,667$

Community Development Block Grant (Clark County Project 9410) NE Adams St. Improvements 1,100

Community Development Block Grant (City Project 414205) Esther Short Commons 91,667

TOTAL CDBG LOANS 109,434$

NOTE 4 AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA) 2009

$593,535 expended under the Public Housing CFRG 2009 program was funded by ARRA.


NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

AND STATE/LOCAL FINANCIAL ASSISTANCE


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Director I Developmen,~J_ cons:,;-~~tion

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VANCOUVER HOUSING AUTHORITY JUNE 2012

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1

ROY A JOHNSON

EDUCATION

B.S. Psychology, University of Nebraska

Masters Public Administration, University of Nebraska

Section 8 & Public Housing Manager, NAHRO

Grantsmanship and Fundraising Course, University of Nebraska

Economic Development Finance, National Development Council

Housing Development Finance, National Development Council

EXPERIENCE

Executive Director February 2008 to present. Vancouver Housing Authority, Vancouver WA.

Administration of Move to Work designated housing authority. 2000 section 8 vouchers, 578

public housing units and over 2000 workforce housing units. Responsible for development of

MTW programs to promote self-sufficiency and develop additional affordable housing units in

Clark County, WA. Intricately involved in homeless housing and program development.

Provide technical assistance to non-profit housing agencies.

Executive Director, January 2003 to February 2008. Spartanburg Housing Authority,

Spartanburg, SC. Affordable housing administration including 1400 public housing units; 1300

Section 8, LIHTC, and new development. Established role for agency as affordable housing

provider with County & City. Responsible for redevelopment of multiple public housing sites.

Implementing HOPE VI award received in 2004. Expanded HOPE VI Project to include two

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2

(2) additional PH sites and increased neighborhood impact from five (5) to twelve (12)

neighborhoods. Act as CEO for subsidiary organizations.

Housing Services Director, December, 1999 to 2003. City of Wichita, Wichita, Kansas.

Department Director with responsibility for management of city housing programs which

includes 578 public housing units, Section 8 Programs, HOME & CDBG funded programs.

Program planning and development. Establishment of collaborative programs with local non-

profits and financial institutions. Responsible for homeless service funding and program

planning. Manage department budget of over $15 mil.

Housing Rehabilitation & Real Estate Manager, April 1997 to December, 1999. City of

Lincoln Urban Development Department, Lincoln, Nebraska. Management of $1.7 mil

CDBG/HOME funded housing programs. Assess housing needs for low-moderate income

households and develop programs through collaborative efforts with non-profit agencies,

financial institutions, and other public entities. Responsible for supervision of activities related

to acquisition of properties/easements for public infrastructure projects and surplus of city-

owned property. Negotiate and monitor activities of sub-recipients. Develop divisional and

budgetary goals and implement strategies for goal attainment.

Executive Director, October 1995 to April 1997. Family Housing Advisory Services, Omaha,

Nebraska. Administration of housing counseling agency with services including housing

assistance to homeless/near-homeless, foreclosure prevention assistance, pre-purchase education,

fair housing education and investigation, and mediation services. Program maintenance; new

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3

program development; fund raising; and fund management.

Executive Director, September 1989 to October 1995. Region XII Council of Governments,

Carroll, Iowa. Comprehensive agency administration, including Community and Economic

Development, Public Transit, Housing Preservation Revolving Loan Program, Promise Jobs, and

Job Training Services (JTPA). Program delivery to 6 counties. Technical and grant writing

assistance to 62 governmental entities. Program development, planning, implementation, grant

administration and monitoring.

Director, August 1988 to September 1989, Job Training Partnership, Region XII Council of

Governments, Carroll, Iowa. JTPA program administration to a six county region. Service

provision, plan preparation, and supervision, training and development of 16 caseworkers, and

clerical staff.

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Kevin L. GilletteCommunity Housing Resource Center

Executive DirectorCell: 503.901.6934

Work: 360.690.4496 x 101

Qualifications

Experienced in executive management and program development for a HUD certified counseling agency.

Trained and certified to provide comprehensive counseling in mortgage default/foreclosure, reverse mortgage,

budgeting and credit repair, and pre-purchase.

Administrative experience in rehabilitation loans to low income homeowners.

Over 30 years experience in the origination and closing of 1-4 family residential mortgage loans.

Proven ability to interface and network with non-profit community development organizations and city, state,

and federal agencies.

Thorough knowledge of targeted programs that assist low-moderate and minority first time homebuyers.

Demonstrated success in retail mortgage branch/area management.

Supervision experience of community lending programs for state and region.

Professional Designations and Awards

Oregon Mortgage Lenders Association President’s Award – 2002

Oregon State Bond Lender of the Year – 1997, 1998, 1999

Norwest Mortgage President’s Club – 1998

Norwest Mortgage Leader’s Club – 1992, 1993

Work History

7/2011 to Present Community Housing Resource Center, Vancouver, WA Executive Director

2006 to 6/2011 Community Housing Resource Center, Vancouver, WA Program Manager

2004 to 2006 Olympic Mortgage, Portland, OR Senior Loan Officer

2001 to 2004 Washington Mutual, Clackamas, OR Community Dev. Specialist

2000 to 2001 M & T Mortgage, Lake Oswego, OR Loan Officer

1988 to 2000 Norwest/Wells Fargo Home Mortgage, Portland, OR Community Dev. Manager

Area Manager, Branch Manager, Senior Loan Officer

1985 to 1988 Shearson Lehman Mortgage, Lake Oswego, OR Loan Officer

Community Service

Clark County Asset Building Coalition – 2011 to Present, Bank On Chairman - 2012Vancouver Housing Authority Moving to Work Advisory Committee - 2012

Vancouver Housing Authority Community Supported Self Reliance Project Committee – 2012Vancouver Housing Authority Family Self-Sufficiency Program Coordinating Committee – 2010 to Present

Housing Authority of Portland Goals Advisory Committee – 1995 to Present

Mt. Olivet Steps of Faith Homeownership Initiative – 2006 to 2009 Executive Committee - 2008

Portland Housing Center Loan Committee – 2001 to 2006 Chairman – 2003, 2004, 2005, 2006

Portland Housing Center Section 8 Loan Committee – 2003, 2004

Oregon Mortgage Lenders Association Fair Lending Committee – 2001 – 04 Chairman – 2001, 2002

Oregon Mortgage Lenders Association Board of Directors – 2001, 2002

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Craig L. Lyons Jr.317 W. 25th St.

Vancouver, WA [email protected]

EMPLOYMENT HISTORY

Vancouver Housing Authority, Vancouver, WashingtonSenior Project Manager: January 2012 to presentProvide management and technical support to special projects as related to the VancouverHousing Authority Move to Work Initiatives. Oversee the creation of pilot projects that furtherthe mission to remove barriers to housing for people experiencing disabilities, loss of income,or special needs; projects include creative redevelopment of existing resources, rethinking ofregulatory procedures, elimination of poorly functioning projects, and other means toenhance efficiency and productivity. Provide technical assistance and support to 8 serviceproviders contracted to operate the pilot projects. Provide technical assistance to partneragencies in the development of grants and partnerships to leverage local funding. Ensure allprograms and projects comply with applicable regulation, and operate within budgetexpectations.

Council for the Homeless, Vancouver, WashingtonExecutive Director: July 2007 to December 2011Provided overall leadership, vision and oversight of Council for the Homeless services to endhomelessness in Clark County, WA; acted as ambassador for CFTH Board of Directorsthroughout the CFTH broad expanse of partners. Supervised staff of seven. Oversaw, incollaboration with the Board, development and utilization of a strategic plan. Managed allprogram activity to ensure contract compliance, and to meet the goals of the strategicplan. Maintained strong relationships between all affiliate agencies and elected officials.Provided high quality technical support; and ensured quality services. Developed andimplemented marketing, development, advocacy, and messaging plans. Wrote andenacted policy and procedure. Successfully wrote grants and developed and managedagency budget of $500 thousand, and oversaw grant funds and contracted funds of over $2million.

Juneau Youth Services, Inc. Juneau, AlaskaProgram Coordinator: September 2001 to June 2007Managed multi-tiered social service programs for youth and their families in a program thatserved over 200 families providing housing with supports; over 40 young adults withtransitional housing and independent living opportunities; educational and employmentsupport; wilderness-based, clinic-based, pre-school-based and home-based behavioralhealth therapy; community work service; and respite. Utilized Youth Development approachin all programs. Acted as agency liaison to community coalitions and partnerships. Hired,trained, and managed up to 20 staff members. Developed agency documentation andinformation management systems and trained all new staff in compliance with grant andMedicaid documentation procedure. Responded to Federal, State, and Local requests forproposals and reported progress on awarded grants. Developed and managed programoperating budget of up to $1.3 million and development capital budget of $2.5 million.Ensured all programs complied with AK Medicaid/grant regulations and agency policy.

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TREX, Inc., Bend, OregonProgram Director: August 1999 to August 2001

Youth Shelters and Family Services, Santa Fe, New MexicoTreatment Foster Care Coordinator: December 1997 to July 1999

Juneau Youth Services, Inc. Juneau, AlaskaProgram Supervisor: July 1994 to October 1997Youth Counselor/Case Manager: September 1993 to July 1994

Unisource Corporation, Portland, OregonSales Trainee and Customer Service Representative: December 1991 to September 1993

Springdale Job Corps Center, Springdale, OregonSubstitute Teacher September 1991 to December 1991

Lower East Side Alternative High School, New York, New YorkEnglish Teacher September 1989 to September 1991

RELEVANT SKILLS

Exceptional team manager who encourages growth and strength utilization. Excellent manager and developer of budgets. Refined customer relations provider, network developer, and promoter. Professional trainer and presenter. Expert developer of documentation and information management systems. Capable strategic planner including ability to develop and pursue a mission statement,

goals, output and outcome expectations, performance improvement plans, and policy. Professional coordinator and facilitator of events, workshops, and expeditions Proven, effective writer of response to requests for proposals and reports. Clear verbal and written communicator and capable word processor on PC and Mac. Meticulous time manager. Steadfast connector of people with diverse social, economic, and cultural backgrounds Unwavering capacity to accept change, work independently and as a team member,

maintain a positive outlook in times of stress, and accept my limitations.

EDUCATION

Bachelor of Arts - English May 1989 Union College, Schenectady, New York

OTHER AFFILIATIONS AND LEADERSHIP ROLES

Washington Low Income Housing Alliance, Co-Chair Homelessness Advisory Committee Central Park Place Single Room Occupancy Steering Committee, Chair Emergency Food and Shelter Program Board of Directors, Chair Allocation Committee Bridges to Housing Regional Steering Committee, Clark County Representative Clark County Coalition of Service Providers for the Homeless, previous past Chair Clark County Asset Building Coalition, previous past Chair Bank-On Initiative Safe Communities Task Force, Executive Committee Member Fort Vancouver Lions Club, Member

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CLARK COUNTY WASIDNGTON

RESOLUTION NO. 2969

APPLICATION FOR FUNDS FROM THE ATTORNEY GENERAL OF WASHINGTON

WHEREAS, the Attorney General Office of Washington has made funds available for the purpose of funding proj ects in Washington that help Washington Homeowners avoid preventable foreclosures or to ameliorate the effects of the foreclosure crisis; and

WHEREAS, the Vancouver Housing Authority (VHA) has developed a proposal in collaboration with the Community Housing Resource Center to acquire homes and leasepurchase the homes to the occupying households; and

WHEREAS, the proposed project is consistent with previous activities undertal(en by VHA relative to foreclosure acquisitions, lease purchase and property management;

NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Vancouver Housing Authority approves the submittal of an application to the Attorney General of Washington and authorizes the Executive Director to submit and take necessary action relating to the application.

ADOPTED by a majority of members of the Board of Commissioners and signed by me in open session in authentication of its passage this 27th day of June 2012.

CERTIFIED BY:

SON, Secretary-Treasurer

- (-------., /! . J--/ -- 'ID lEft' ,c~ /~L.f~

. CI Rl': SMITH, Chair

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Columbia Credit UnionDeborah Oester703 Broadway, Ste 103Vancouver, WA 98666360-619-3062

(360) 619-3080 fax

[email protected]

Letter of Interest

This Letter of Interest is intended as an outline only and does not purport to summarize all terms,conditions, covenants, representations, warranties, or other provisions, which would be contained indefinitive legal documentation of the financing transaction contemplated herein. The actual terms andconditions upon which a lender might extend credit to the Borrower are subject to satisfactory preparationand review of the legal documentation. This Letter of Interest is effective for 60 days after the date ofthe proposal.

Date: June 27, 2012

Borrower: Housing Authority of Vancouver

Amount: $2,187,500

Guarantors: None

Possible Rate Scenario #1: Non-Revolving Term LoanTerm: 10 year maturity with interest rate adjustment after 5 years.

Repayment: 20 year amortization of principal and interest

Purpose: Purchase Single Family residential housing units for rent.

Interest Rate: Rate to start at 5.25%Adjustments tied to Federal Home Loan Bank of Seattle (FHLB) fiveyear bullet rate (1.48 % at 06/26/2012) plus 3.50%resulting in a rate of4.98%Rounded to the nearest .125%

Floor Rate: 5.25%

Possible Rate Scenario #2: Revolving Line of CreditTerm: 10 year maturity

Repayment: Monthly payments of ½ of 1% of the outstanding principal balance inaddition to interest accrued.

Purpose: Purchase Single Family residential housing units for rent.

Interest Rate: Fully-Floating tied to the WSJ Prime Rate (3.25% at 06/26/2012) plus1% resulting in a rate of 4.25%.

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Floor Rate: 4.25%

Fees: Loan Fee: 1.50% of the commitment amount plus an individual loandocumentation fee of $300 - $500. Loan Fee to be assessed at start ofeach 5 year rate term!

The borrower is responsible for all fees and expenses incurred byColumbia Credit Union (CCU) with respect to this facility, which mayinclude but not be limited to legal review, title, appraisal fee, searchand recording fees. These fees may be charged upon origination andannually thereafter.

Collateral: First Deed of Trust on properties purchased

Documents: All loan documents relating to the Facility including documentationbetween the VHA and the Attorney General’s office on the Project tohelp Washington Homeowners avoid preventable foreclosures or toameliorate the effects of the foreclosure crisis must be in a form andsubstance acceptable to CCU.

FinancialReportingRequirements: Annual financial statements and tax returns on the Borrower! This

includes leases for the tenants at any update or change of terms.

Prepayment To Be Negotiated depending upon Lending Scenario.Fee:

Appraisal: CCU to receive appraisal on each property at borrower’s expense.

Other Conditions:

Borrower to open an operating checking account with ColumbiaCredit Union and allow auto payment on this loan and to openand maintain a property maintenance account with CCU.

Borrower to provide CCU with Underwriting Standards forqualifying for this program and notify CCU upon any change tothose Standards.

Borrower to provide CCU with the organization document forthe borrower and all related entities.

Borrower to provide CCU with financial statements for theborrower and all related entities.

Borrower to provide CCU with lease agreements for existingtenants.

The loan to value ratio of the property will not exceed 25%based on rate structure presented.

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Terms and conditions assume a minimum business cash flow of1.20 to 1.0 or better.

Terms and conditions assume a minimum global cash flow of1.20 to 1.0 or better.

Facility to include other terms and conditions customary in this type of financing.

Again, this Letter of Interest is not a commitment to lend, or an attempt to define all the termsand conditions of the transaction. Rather it is intended to outline the general points of businessunderstanding around which a future credit accommodation may be structured. This Letter ofInterest is subject to final approval by Columbia Credit Union’s Loan Committee.

Acknowledged For Processing:

Name of Borrower

Housing Authority of Vancouver

BY: _____________________________________ Date:___________

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Resource Center

Board of Directors

President David Feeney .11arsh. Higgins, Beat.Y & lIal('h

Vice· President I Secretary Jim Temple Homl'SIn'1'1 Ran},'

Treasurer Kris Hanson T"anro!ll'f'f Housing -:iutl/Qril.Y

Elt~na Cumming Firsllndl'pendl'nl Hard,-

Debbie Clinton Debbil' Clin/Oll Insurancp .-tgpnry

Dave Dumas Af'lll'r Williams

Dewey Haney Summil Jion#agl'

Lena Houston JP .1for.ll'un Chase and umpulI.Y

Kelly McDonald Clark Coun!.v Till"

Teresa Munn Columbia Credit ('nion

Deborah OesteI' Columbia Cudil Cnior!

Executive Director

Kevin L. Gillette

2011~12 Major Donors

Bank of America Home Loans City of Vancouver Clark County Columbia Credit Union Evergreen Home Loans Guild Mortgage lP Morgan Chase & Company DnPoint Community Credit

Union U.S. Department of Housing &

Urban Development United Way of the

Columbia-Willamette Vancouver Housing Authority Washington Attorney General's

Office Washington State Housing

Finance Commission Wells Fargo Home Mortgage

June 13,2012

Community Housing Resource Center

103 East 29th Street. Vancouver, WA 98663

(360) 690-4496 • FAX (360) 694-6665 www.homecen.org

To whom it may concern:

The Community Housing Resource Center, established in 1996, is a HUD certified, non-profit counseling agency that provides education and counseling services in pre-purchase, mortgage default and loss mitigation, budgeting, establishing and maintaining good credit, credit repair and debt settlement, and reverse mortgage. The Center also provides free year round tax preparation.

This letter confirms the Center's ongoing commitment to collaborate with the Vancouver Housing Authority in providing financial and housing counseling and education services in the Southwest Washington communities we serve. As the only HUD-approved mortgage default prevention/loss mitigation counseling agency in this area, we offer free weekly orientations and individual counseling to assist families in resolving their mortgage/housing issues. We plan to offer and use the "Stop Preventable Foreclosure Project" as another vital resource and option to help clients stay in their homes.

We are honored to be able to continue our commitment to serve the community in collaboration with the Vancouver Housing Authority and all our partners.

Executive Director

Our mission is to provide quality financial education and counseling services to our community to ensure financial security,

homeownership and housing stability. 43-027