11-110 - King County - Regional Affordable Housing Program

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Existing transition in place or transitional housing units are eligible for O &M for ongoing building operations and maintenance expenses that cannot be covered by the rental income of the project, and may not include the cost of services to tenants or debt service. Existing emergency shelters and licensed, overnight youth shelters are eligible for O &M for general operating expenses, including services. C. Vouchers: Rental assistance vouchers must be administered by a local housing authority in conformity with the Section 8 program. VI. RAHP Administration The RAHP funds shall be administered as a regional fund by the King County HCD Program. A. RAHP Capital Funds RAHP capital funds, including capitalized O &M reserves for new projects and maintenance reserves, will be administered by HFP in conjunction with other fund sources administered by HFP. The HFP will staff the interjurisdictional advisory committee and will work with the committee to develop RAHP funding allocation recommendations and related policy recommendations for JRC review and adoption. The HFP will distribute RAHP funds through contracts pursuant to the allocations adopted by the JRC, and will generate an annual RAHP report that provides information about the projects that received funding in the current year, as well as the status of projects awarded RAHP funds in prior year(s). The terms of the King County Housing Opportunity Fund (HOF) will apply to RAHP contracts, with the exception of the following: To the extent that there are differences between the HOF guidelines and RAHP guidelines, the RAHP guidelines will apply. A financial match by the local government where a housing project is to be located is not required, but is encouraged. RAHP Interlocal Agreement 14 of 15 2012 -2014