Affordable Housing Trust Fund (AHTF) 2060 Funds
Affordable Housing Trust Fund (AHTF) 2060 Funds are provided to the City of Everett from Snohomish County through an Interlocal Agreement. The Snohomish County Auditor collects a surcharge of $10.00 on all instruments, except assignments or substitutions of previously recorded deeds of trust, recorded within the county. Enacted by Ordinance 02.065, the Snohomish County Council created the Affordable Housing Trust Fund to provide additional funding resources for building operation and maintenance activities for hosuing projects affordable to very low-income people as well as to assist in development and preservation of affordable low-income housing. Washington State Laws of 2002, Chapter 294 §2 requires the Affordable Housing Trust Fund to be allocated according to an interlocal agreement between the county and the cities and towns within the county, consistent with countywide and local housing needs and policies.
The following housing projects, or units within a housing project, that are consistent with countywide and local housing needs and policies are eligible:
- Acquisition, construction, or rehabilitation of housing projects or units within housing projects that are affordable to very low income persons with incomes at or below fifty percent of the area median income.
- Supporting building operation and maintenance costs of housing projects or units within housing projects built with housing trust funds, affordable to very low-income persons with incomes at or below fifty percent of the area median income, and that require a supplement to rent income to cover ongoing operating expenses.
- Rental assistance vouchers for housing projects or units within housing projects that are affordable to very low-income persons with incomes at or below fifty percent of the area median income, to be administered by a local public housing authority or other local organization that has an existing rental assistance voucher program, consistent with the United States Department of Housing and Urban Development's Section 8 Rental Assistance Voucher Program standards.
- Operating costs for emergency shelters and licensed overnight youth shelters.
Construction of new housing is not an eligible project if the vacancy rate for available low-income housing within the county rises above ten percent.
Funds are collected September 1 of each year and end August 31 the following year. The process for administration and application of AHTF funds follows the same process for CDBG and HOME funds. Notice of Funding Availability is combined with other funding sources for the City, with application typically occurring the in Fall and award of funds during the summer of the following year.
The 2019 Program Year will provide funding to the following agencies:
- Cocoon House - Cocoon Complex
- Domestic Violence Services Shelter
- Interfaith Association Family Shelter