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6- Sustainability: Describe your ability, experience, and resources to implement and <br />sustain the project during the term of the project. (250 words max.) <br />HopeSource's YHDP contract renews annually and will remain available if match funds are <br />secured. <br />HopeSource's executive management team and Board of Directors are constantly developing <br />plans to build reliable funding sources to support housing programs, augmented by braided <br />contract funding available through federal, state, and local grants, strengthening fundraising <br />capacity through sustainable relationships with local corporations and small businesses, and <br />special events. Through a robust fundraising plan combined with a community culture of <br />philanthropy, Hopesource will sustain, expand, and scale its programs to serve the <br />community effectively and for the long term. <br />HopeSource pays attention to every opportunity to decrease costs so that funding goes <br />directly to serving vulnerable households. HopeSource financial controls include adherence to <br />Fiscal Policies supported by OMB Circular requirements and accounting practices. <br />HopeSource is audited annually by an external accounting agency and has received 14 <br />consecutive clean audits. HopeSource has effectively managed and accounted for more than j.20 <br />contracts for funding from federal, state, county, and municipal entities, private foundations, and <br />donations for over 50 years. HopeSource has successfully operated grants from the Veteran's <br />Administration, the Washington State Department of Commerce, the Washington State Department <br />of Transportation, and County homeless and affordable housing, including emergency services, <br />emergency shelters, new affordable housing projects, and tax credit rehabilitation housing projects. <br />10