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BUDGET NARRATIVE <br />1. Funding Utilization: Describe how the funds will be used to support the proposed <br />project. For example, will the funds be used for staff time, supplies, consultants, <br />contractors, construction costs, direct customer services, etc.? (250 words max.) <br />The requested funding will be used for partial construction costs for the 14 new-construction <br />projects. This could include: <br />• Land, if land is not donated <br />• Infrastructure for land if needed <br />• Materials required for the project <br />• Subcontractor costs <br />• Rental equipment costs <br />• Regulatory fees <br />• Waste Disposal <br />No administrative costs will be paid using the Kittitas County 2060 funds. <br />With the momentum started by the County affordable housing funding and the use of <br />third-party lending as a mortgage option, Habitat for Humanity will be able to move from <br />building 1 -2 houses per year to 2 -3+ houses per year. <br />The total estimated development costs per house averages $172,500. This amount allows for <br />variations in size of house, price increases for the materials over the 6-year period, and <br />regulatory requirements. Fourteen houses are projected to be completed in a six-year period. <br />Total project costs are estimated to be $2,415,000. KCHFH is requesting $980,000 from Kittitas <br />County -41% ofthe total project costs. <br />14