14-Critical Home Repair Projects Grant Application

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BUDGET NARRATIVE 1. Funding Utilization: Describe how the funds will be used to support the proposed project. For example, will the funds be used for staff time, supplies, consultants, contractors, construction costs, direct customer services, etc.? (250 words max.) KCHFH is requesting $60,000 over a 6 - year period to be used to provide home repair services for 14 repair projects for qualified low-income homeowners. Estimated Total Repair Costs: $10,000 project - 14 projects $140,000 Grant Funding Requested from County $ 60,000 Amount to be raised by KCHFH $ 80,000 The request breaks down to KC providing approximately $4,285.71 in repair costs per home for the next 14 Home Repair projects. The Repair Program includes work that extends the life of the house and increases safety, accessibility or qualify of life for the homeowner. The requested funding will supplement Habitat's fundraising efforts. To qualify for repairs, a family must be a low-income homeowner, demonstrate need, be willing to volunteer hours to the project and be able to make a small monthly payment for the repair loan, which is financed by Habitat for Humanity at zero percent interest. The homeowner's loan payment plus current mortgage payment will not exceed 30% of their gross monthly income. Habitat for Humanity will provide 57% of the funding for each repair project with the KC affordable housing grant funds providing 43% of the funding for each project (materials, subcontractor's fees, waste disposal, permits, etc.) If some repairs require less than $10,000 per repair, we will use the County funding to repair additional homes using the same breakdown in funding - KCHFH - 57% of the costs of the repair and the KC 2060 grant - 43%. 14