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HomeMy WebLinkAboutPlanning _ Development Committee - 23 Jun 2025 - Agenda - Pdf CITY OF RENTON AGENDA - Planning & Development Committee Meeting 5:00 PM - Monday, June 23, 2025 7th Floor Council Conference Room/Videoconference 1. SOUTH KING COUNTY HOUSING AND HOMELESSNESS PARTNERS (SKHHP) 2026 WORK PLAN AND OPERATING BUDGET a) AB - 3861 Community & Economic Development Department recommends adoption of a resolution approving the South King Housing and Homelessness Partners (SKHHP) 2026 work plan and operating budget. 2. EMERGING ISSUES IN CED If you would like to attend this week's meeting remotely, you can do so by going to https://us02web.zoom.us/j/86997277667?pwd=VU9Wb3ZRSCtvM2lOTy9ybUZwZmQ0dz09 Zoom Meeting ID: 869 9727 7667, Passcode: 749418 You can call through Zoom at (253) 215-8782 and use the Meeting ID. AB - 3861 City Council Regular Meeting - 16 Jun 2025 SUBJECT/TITLE: South King County Housing and Homelessness Partners (SKHHP) 2026 Work Plan and Operating Budget RECOMMENDED ACTION: Refer to Planning & Development Committee DEPARTMENT: Community & Economic Development Department STAFF CONTACT: Angie Mathias, Long Range Planning Manager EXT.: 6576 FISCAL IMPACT SUMMARY: The City's 2026 contribution to the South King County Housing and Homelessness Partners (SKHHP) is $68,386. The funds are included as part of the CED-Planning Division budget and will be charged to the Memberships and Dues line item number with GL No. 000.000000.007.558.60.49.001. SUMMARY OF ACTION: Every year, an annual work plan and budget is developed in collaboration with the SKHHP Executive Board and staff work group to guide the work of SKHHP staff in the coming year. Pursuant to the SKHHP Interlocal Agreement, each participating jurisdiction must approve SKHHP’s annual budget and work plan. The 2026 Executive Board recommended work plan was developed through a survey to the Executive Board on their priorities in January and an interactive in-person discussion with the Executive Board in March. The 2026 work plan and budget was adopted on May 16, 2025 at the Executive Board’s regularly scheduled meeting. The 2026 work plan includes four goals with corresponding action items. Each action item is prioritized as higher, medium, or lower priority. Indicators are included to measure progress on the goals. The four goals, which are the same as 2025’s goal, include the following: 1. Fund the expansion and preservation of affordable housing 2. Develop policies that expand and preserve affordable housing 3. Serve as an advocate for South King County 4. Manage operations and administration EXHIBITS: A. Issue Paper B. Resolution STAFF RECOMMENDATION: Adopt the Resolution approving the SKHHP 2026 work plan and operating budget. AGENDA ITEM #1. a) DEPARTMENT OF COMMUNITY & ECONOMIC DEVELOPMENT M E M O R A N D U M DATE: June 5, 2025 TO: James Alberson, Council President Members of Renton City Council VIA: Armondo Pavone, Mayor FROM: Gina Estep, CED Administrator STAFF CONTACT: Angie Mathias, Long Range Planning Manager (6576) SUBJECT: 2026 SKHHP Work Plan and Budget ISSUE: Should the South King Housing and Homelessness Partners (SKHHP) 2026 work plan and budget be approved? RECOMMENDATION: Adopt a resolution approving the SKHHP 2026 work plan and budget. BACKGROUND SUMMARY: Every year, an annual work plan and budget is developed in collaboration with the SKHHP Executive Board and staff work group to guide the work of SKHHP staff in the coming year. Pursuant to the SKHHP Interlocal Agreement, each participating jurisdiction must approve SKHHP’s annual budget and work plan. The 2026 Executive Board recommended work plan was developed through a survey to the Executive Board on their priorities in January and an interactive in-person discussion with the Executive Board in March. The 2026 work plan and budget was adopted on May 16, 2025 at the Executive Board’s regularly scheduled meeting. The 2026 work plan includes four goals with corresponding action items. Each action item is prioritized as higher, medium, or lower priority. Indicators are included to measure progress on the goals. The four goals, which are the same as 2025’s goal, include the following: 1. Fund the expansion and preservation of affordable housing 2. Develop policies that expand and preserve affordable housing 3. Serve as an advocate for South King County 4. Manage operations and administration The 2026 SKHHP operating budget totals $501,975, supporting two full-time staff, and includes itemization of all categories of budgeted expenses and itemization of each AGENDA ITEM #1. a) jurisdiction’s contribution, including in-kind services. Operating revenues originate from SKHHP member contributions. As discussed in 2024 with Council, contributions are proposed to increase 15% annually for each member jurisdiction through 2026 as approved by the Executive Board in July 2021 to work towards a balanced budget whereby SKHHP’s revenues can more fully support budgeted expenditures. These projected member contributions assume no additional staff would be added. Member contributions are based on population size accordingly, and no members are moving into a new population tier in 2026: Population tier 2023 Contribution 2024 Contribution 2025 Contribution 2026 Contribution <10,000 $5,290 $6,084 $6,996 $8,045 10,001 – 35,000 $9,919 $11,407 $13,118 $15,086 35,001 – 65,000 $19,838 $22,814 $26,236 $30,171 65,000 – 100,000 $34,385 $39,543 $45,474 $52,295 100,000+ $44,965 $51,710 $59,466 $68,386 Salaries and benefits are proposed to increase by 0.3% in 2026. This is to align with actual expenditures in this category. Interfund IT, which is the amount paid to SKHHP’s administering agency (City of Auburn) for IT services, is proposed to increase by 14%. Professional Services is proposed to increase by 46% ($26,000) due to an every other year data update to the SKHHP Affordable Housing Inventory Dashboard ($18,000) and anticipated higher rates for contracted services. Professional Services include Advisory Board compensation (unchanged in 2026), contract attorney expenses ($30,000 in 2026 which is $5,000 more than 2025), data update to the SKHHP Affordable Housing Inventory Dashboard ($18,000), third-party construction reports ($6,000), travel ($6,000), professional development ($6,800), Housing Development Consortium member dues ($725), and an annual license fee ($20). The proposal includes aligning budgeted categories with SKHHP’s administering agency. SKHHP continues to spend down the fund balance from previous cost-savings to mitigate any additional increases to member contributions. The 2026 Executive Board recommended operating budget includes $501,975 to be set- aside in reserve sourced from interest earned primarily on the Housing Capital Fund balance. This amount is the equivalent of 100% of SKHHP’s annual budgeted expenses as discussed over three public meetings and adopted by the SKHHP Executive Board on May 16, 2025. Interest earned in 2024 on all SKHHP funds totaled $540,377. Interest earned in 2024 by jurisdiction to be set-aside in reserve with the remaining supporting the 2025 Housing Capital Fund funding round are as follows: AGENDA ITEM #1. a) TABLE 1: INTEREST EARNED BY JURISDICTION 2024 AND BOARD RECOMMENDED ALLOCATIONS JURISDICTION Reserve Housing Capital Fund TOTAL 2024 Interest EARNINGS AUBURN $26,486 $2,026 $28,512 BURIEN $12,530 $959 $13,489 COVINGTON $29,074 $2,224 $31,298 DES MOINES $5,358 $409 $5,767 FEDERAL WAY $22,682 $1,735 $24,417 KENT $327,110 $25,024 $352,134 MAPLE VALLEY $22,306 $1,707 $24,013 NORMANDY PARK $682 $52 $734 RENTON $36,229 $2,772 $39,001 SEATAC $13,384 $1,024 $14,408 TUKWILA $6,134 $470 $6,604 KING COUNTY -- -- -- TOTAL $501,975 $38,402 $540,377 To spend interest earnings requires the approval of each SKHHP member with allocated earned interest based on their contributions. With the adoption of the 2026 SKHHP operating budget which incorporates a portion of the interest earnings into an unrestricted fund balance in reserve, the City Council is providing authorization for SKHHP to use those funds towards the unrestricted fund balance in reserve. These funds will assist in future years should there be an economic recession and members choose to pause an increase in dues or other unexpected expense arises. The remaining amount will go towards the 2025 funding round of the Housing Capital Fund and Council will provide approval to use those funds during the annual concurrence process in early 2026. Recommendation: Staff recommends approval of Resolution xx adopting the 2026 SKHHP work plan and budget. This recommendation is based on the following: 1. The 2026 SKHHP work plan and budget is consistent with the Interlocal Agreement and relevant subsequent Companion Agreements between Auburn, Burien, Covington, Des Moines, Federal Way, Kent, Maple Valley, Normandy Park, Renton, SeaTac, Tukwila, and King County. 2. The 2026 SKHHP work plan and budget incorporates the feedback and priorities of the SKHHP Executive Board made up of representatives of each participating jurisdiction. AGENDA ITEM #1. a) AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 2 of 7 RESOLUTION 2025-01 – ATTACHMENT A SKHHP 2026 WORK PLAN PURPOSE Establish a 2026 SKHHP work plan and budget that is guided by Executive Board priorities, is consistent with the SKHHP Interlocal Agreement, and furthers SKHHP’s mission. BACKGROUND Established by an interlocal agreement, SKHHP jurisdictions work together and share resources to increase options for South King County residents to access affordable housing and preserve existing affordable housing. The 2026 SKHHP work plan builds on work done in previous years and was developed in collaboration with the Executive Board and staff work group. The work plan is organized into four goals with corresponding action items. Each action is identified by priority as follows: • Higher – Identified as higher priority by Executive Board or is necessary to carry out the Interlocal Agreements • Medium – Identified as mid-level priority • Lower – Identified as lower priority Quarterly budget and progress reports on the status of the work plan elements will be submitted to the SKHHP Executive Board and the legislative body of each member jurisdiction as follows: Quarter 1: May | Quarter 2: August | Quarter 3: November | Quarter 4: February In accordance with the Interlocal Agreement, the 2026 SKHHP work plan and budget will be approved by the SKHHP Executive Board and the legislative body of each member jurisdiction. SKHHP MISSION South King County jurisdictions working together and sharing resources to create a coordinated, comprehensive, and equitable approach to increasing housing stability, reducing homelessness, and producing and preserving quality affordable housing in South King County. GOALS & ACTIONS Goal Actions 1. Fund the expansion and preservation of affordable housing. 1 through 5 2. Develop policies to expand and preserve affordable housing. 6 through 10 3. Serve as an advocate for South King County. 11 through 16 4. Manage operations and administration. 17 through 22 AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 3 of 7 Goal 1 Fund the expansion and preservation of affordable housing. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 1. Pool resources from member cities for the Housing Capital Fund, including SHB 1406 funds, HB 1590 funds, and general funds. ••• 2. Develop and execute contract documents and covenants for projects ready to move forward from 2023-24 Housing Capital Fund funding rounds. ••• 3. Facilitate approval from participating Councils of recommended projects from 2025 Housing Capital Fund funding round and prepare contract documents and covenants for any projects ready to move forward. ••• 4. Manage 2026 Housing Capital Fund funding round including adopting annual guidelines, updating application materials, soliciting proposals, and facilitating project selection. ••• 5. Encourage investment in South King County by private investors, lenders, and philanthropies. •• Indicators o Number of housing units and number of projects funded with financial support from SKHHP o Number of housing units preserved with financial support from SKHHP o Total dollar amount pooled by member jurisdictions for Housing Capital Fund o Total dollar amount from new sources of revenue added to the Housing Capital Fund o Geographic diversity of applications received for annual Housing Capital Fund funding round AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 4 of 7 Goal 2 Develop policies to expand and preserve affordable housing. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 6. Facilitate implementation of subregional affordable housing preservation strategies in coordination with South King County long- range planners. •• 7. Facilitate updates to the Affordable Housing Inventory Dashboard. •• 8. Convene land use planners (SoKiHo) to increase coordination and collaboration on housing policy and planning. • 9. Build relationships with developers to learn from their perspective the ways to encourage housing development, especially affordable housing. • 10. Develop SKHHP Executive Board briefings on key housing and homelessness topics, especially as they relate to the goals of the work plan. • Indicators o Number of subregional housing preservation strategies facilitated or supported o Successful progress on update to the Affordable Housing Inventory Dashboard o Number of relationships fostered with developers o Number of Executive Board briefings on key housing and homelessness topics AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 5 of 7 Goal 3 Serve as an advocate for South King County. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 11. Work collaboratively with public funders at the state and local levels to increase alignment and promote shared affordable housing goals and equitable geographic distribution of resources. •• 12. Coordinate with the Advisory Board in collaboration with housing organizations and stakeholder groups to provide education and engagement opportunities for elected officials and community members. • 13. Represent SKHHP at relevant local and regional meetings and forums that help advance SKHHP’s mission and provide a voice for increasing access to safe, healthy, and affordable housing in South King County. • 14. Connect affordable housing developers with property owners who intend to sell naturally occurring affordable housing in coordination with member cities. • 15. Meet with legislators as opportunities arise to inform about SKHHP’s mission, goals, and the Housing Capital Fund and host a legislative forum (odd numbered years). • 16. Organize a tour of affordable housing sites in South King County with priority given to visiting Housing Capital Fund supported projects (even numbered years). • Indicators o Number of collaborative work sessions held with public funders o Number of events or engagement opportunities Advisory Board members organize or support o Number of meetings, forums, or events attended that advance SKHHP's mission o Number of meetings with legislators that promote SKHHP and South King County o Number of affordable housing developers connected with property owners intending to sell naturally occurring affordable housing o South King County legislative forum or affordable housing tour successfully executed AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 6 of 7 Goal 4 Manage operations and administration. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 17. Develop annual work plan and budget. ••• 18. Generate and distribute quarterly progress reports to SKHHP Executive Board and member jurisdictions. ••• 19. Work with administering agency to maintain records and produce regular financial reports for the SKHHP Housing Capital Fund and SKHHP Operating Account. ••• 20. Organize and host monthly Executive and Advisory Board public meetings. ••• 21. Establish and implement monitoring and compliance process to ensure Housing Capital Fund projects maintain affordability for tenants. ••• 22. Maintain and update the SKHHP website. •• Indicators o Work plan and budget adopted o Quarterly progress reports prepared and presented to Executive Board o Financial reports and public records maintained o Monthly Executive and Advisory Board meetings held o Process established for monitoring and compliance of Housing Capital Fund projects o Website maintained AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 7 of 7 RESOLUTION 2025-01 – ATTACHMENT B 2026 SKHHP Operating Budget Estimated beginning fund balance - January 1, 2026 $ 337,293 Estimated ending fund balance - December 31, 2026 $ 293,417 REVENUES Auburn $ 52,295 Burien $ 30,171 Covington $ 15,086 Des Moines $ 15,086 Federal Way $ 68,386 Kent $ 68,386 Maple Valley $ 15,086 Normandy Park $ 8,045 Renton $ 68,386 SeaTac $ 15,086 Tukwila $ 15,086 King County* $ 68,386 Additional King County* $ 6,614 Office space (in-kind donation) $ 12,000 TOTAL REVENUES $ 458,099 Spend down balance $ 43,876 TOTAL $ 501,975 EXPENSES Salaries & Wages $ 253,191 Benefits $ 68,296 Professional Services $ 81,945 Interfund Allocations $ 40,000 Office Space (in-kind donation) $ 12,000 Supplies $ 2,000 Subtotal $ 457,432 Administering agency - 10% admin fee** $ 44,543 TOTAL $ 501,975 RESERVE TOTAL $ 501,975 *King County contribution based on the population of unincorporated King County is shown as increasing at the same rate as other partner jurisdictions and the additional allocation decreasing to maintain a total contribution of $75,000 per year. **10% administrative fee is calculated as a percentage of operating costs which excludes in-kind donations and carry-forwards. AGENDA ITEM #1. a) 1 CITY OF RENTON, WASHINGTON RESOLUTION NO. _______ A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, APPROVING THE SOUTH KING HOUSING AND HOMELESSNESS PARTNERSHIP 2026 WORK PROGRAM AND BUDGET. WHEREAS, on May 24, 2019, the City of Renton enacted an interlocal agreement to form the South King Housing and Homelessness Partners (SKHHP) to help coordinate the efforts of South King County cities to provide affordable housing; and; and WHEREAS, pursuant to the interlocal agreement, each participating jurisdiction must approve an annual work plan each year to guide the work of SKHHP staff; and WHEREAS, pursuant to the interlocal agreement, each participating jurisdiction must approve SKHHP’s annual budget that includes an itemization of all categories of budgeted expenses and itemization of each party’s contribution, including in-kind services; and WHEREAS, the purpose of the annual work plan and budget is to provide management and budget guidance, and implement the overarching SKHHP mission to work together and share resources to increase the available options for South King County residents to access affordable housing and to preserve the existing affordable housing stock; and WHEREAS, the 2026 work plan includes four goals with corresponding action items that further SKHHP’s mission; and WHEREAS, on May 19, 2025, the SKHHP Executive Board adopted Resolution 2025-01 enacting the 2026 work plan and budget upon approval by the legislative body of each participating party, each of which are shown in Exhibit A. AGENDA ITEM #1. a) RESOLUTION NO. _______ 2 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: SECTION I. City Council adopts the SKHHP 2026 Work Plan as shown in Exhibit A. SECTION II. City Council adopts the SKHHP 2026 operating budget as shown in Exhibit A. SECTION III. The City of Renton will transmit its annual contribution to SKHHP on an annual basis during the first quarter of the calendar year. SECTION IV. This Resolution will take effect and be in full force upon passage and signatures. PASSED BY THE CITY COUNCIL this day of , 2025. ______________________________ Jason A. Seth, City Clerk APPROVED BY THE MAYOR this day of , 2025. ______________________________ Armondo Pavone, Mayor Approved as to form: Shane Moloney, City Attorney RES-CED:25RES014:06.9.2025 AGENDA ITEM #1. a) AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 2 of 7 RESOLUTION 2025-01 – ATTACHMENT A SKHHP 2026 WORK PLAN PURPOSE Establish a 2026 SKHHP work plan and budget that is guided by Executive Board priorities, is consistent with the SKHHP Interlocal Agreement, and furthers SKHHP’s mission. BACKGROUND Established by an interlocal agreement, SKHHP jurisdictions work together and share resources to increase options for South King County residents to access affordable housing and preserve existing affordable housing. The 2026 SKHHP work plan builds on work done in previous years and was developed in collaboration with the Executive Board and staff work group. The work plan is organized into four goals with corresponding action items. Each action is identified by priority as follows: • Higher – Identified as higher priority by Executive Board or is necessary to carry out the Interlocal Agreements • Medium – Identified as mid-level priority • Lower – Identified as lower priority Quarterly budget and progress reports on the status of the work plan elements will be submitted to the SKHHP Executive Board and the legislative body of each member jurisdiction as follows: Quarter 1: May | Quarter 2: August | Quarter 3: November | Quarter 4: February In accordance with the Interlocal Agreement, the 2026 SKHHP work plan and budget will be approved by the SKHHP Executive Board and the legislative body of each member jurisdiction. SKHHP MISSION South King County jurisdictions working together and sharing resources to create a coordinated, comprehensive, and equitable approach to increasing housing stability, reducing homelessness, and producing and preserving quality affordable housing in South King County. GOALS & ACTIONS Goal Actions 1. Fund the expansion and preservation of affordable housing. 1 through 5 2. Develop policies to expand and preserve affordable housing. 6 through 10 3. Serve as an advocate for South King County. 11 through 16 4. Manage operations and administration. 17 through 22 AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 3 of 7 Goal 1 Fund the expansion and preservation of affordable housing. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 1. Pool resources from member cities for the Housing Capital Fund, including SHB 1406 funds, HB 1590 funds, and general funds. ••• 2. Develop and execute contract documents and covenants for projects ready to move forward from 2023-24 Housing Capital Fund funding rounds. ••• 3. Facilitate approval from participating Councils of recommended projects from 2025 Housing Capital Fund funding round and prepare contract documents and covenants for any projects ready to move forward. ••• 4. Manage 2026 Housing Capital Fund funding round including adopting annual guidelines, updating application materials, soliciting proposals, and facilitating project selection. ••• 5. Encourage investment in South King County by private investors, lenders, and philanthropies. •• Indicators o Number of housing units and number of projects funded with financial support from SKHHP o Number of housing units preserved with financial support from SKHHP o Total dollar amount pooled by member jurisdictions for Housing Capital Fund o Total dollar amount from new sources of revenue added to the Housing Capital Fund o Geographic diversity of applications received for annual Housing Capital Fund funding round AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 4 of 7 Goal 2 Develop policies to expand and preserve affordable housing. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 6. Facilitate implementation of subregional affordable housing preservation strategies in coordination with South King County long- range planners. •• 7. Facilitate updates to the Affordable Housing Inventory Dashboard. •• 8. Convene land use planners (SoKiHo) to increase coordination and collaboration on housing policy and planning. • 9. Build relationships with developers to learn from their perspective the ways to encourage housing development, especially affordable housing. • 10. Develop SKHHP Executive Board briefings on key housing and homelessness topics, especially as they relate to the goals of the work plan. • Indicators o Number of subregional housing preservation strategies facilitated or supported o Successful progress on update to the Affordable Housing Inventory Dashboard o Number of relationships fostered with developers o Number of Executive Board briefings on key housing and homelessness topics AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 5 of 7 Goal 3 Serve as an advocate for South King County. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 11. Work collaboratively with public funders at the state and local levels to increase alignment and promote shared affordable housing goals and equitable geographic distribution of resources. •• 12. Coordinate with the Advisory Board in collaboration with housing organizations and stakeholder groups to provide education and engagement opportunities for elected officials and community members. • 13. Represent SKHHP at relevant local and regional meetings and forums that help advance SKHHP’s mission and provide a voice for increasing access to safe, healthy, and affordable housing in South King County. • 14. Connect affordable housing developers with property owners who intend to sell naturally occurring affordable housing in coordination with member cities. • 15. Meet with legislators as opportunities arise to inform about SKHHP’s mission, goals, and the Housing Capital Fund and host a legislative forum (odd numbered years). • 16. Organize a tour of affordable housing sites in South King County with priority given to visiting Housing Capital Fund supported projects (even numbered years). • Indicators o Number of collaborative work sessions held with public funders o Number of events or engagement opportunities Advisory Board members organize or support o Number of meetings, forums, or events attended that advance SKHHP's mission o Number of meetings with legislators that promote SKHHP and South King County o Number of affordable housing developers connected with property owners intending to sell naturally occurring affordable housing o South King County legislative forum or affordable housing tour successfully executed AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 6 of 7 Goal 4 Manage operations and administration. Actions Priority of Actions ••• = Higher •• = Medium • = Lower 17. Develop annual work plan and budget. ••• 18. Generate and distribute quarterly progress reports to SKHHP Executive Board and member jurisdictions. ••• 19. Work with administering agency to maintain records and produce regular financial reports for the SKHHP Housing Capital Fund and SKHHP Operating Account. ••• 20. Organize and host monthly Executive and Advisory Board public meetings. ••• 21. Establish and implement monitoring and compliance process to ensure Housing Capital Fund projects maintain affordability for tenants. ••• 22. Maintain and update the SKHHP website. •• Indicators o Work plan and budget adopted o Quarterly progress reports prepared and presented to Executive Board o Financial reports and public records maintained o Monthly Executive and Advisory Board meetings held o Process established for monitoring and compliance of Housing Capital Fund projects o Website maintained AGENDA ITEM #1. a) ------------------------------- Resolution No. 2025-01 May 16, 2025 Page 7 of 7 RESOLUTION 2025-01 – ATTACHMENT B 2026 SKHHP Operating Budget Estimated beginning fund balance - January 1, 2026 $ 337,293 Estimated ending fund balance - December 31, 2026 $ 293,417 REVENUES Auburn $ 52,295 Burien $ 30,171 Covington $ 15,086 Des Moines $ 15,086 Federal Way $ 68,386 Kent $ 68,386 Maple Valley $ 15,086 Normandy Park $ 8,045 Renton $ 68,386 SeaTac $ 15,086 Tukwila $ 15,086 King County* $ 68,386 Additional King County* $ 6,614 Office space (in-kind donation) $ 12,000 TOTAL REVENUES $ 458,099 Spend down balance $ 43,876 TOTAL $ 501,975 EXPENSES Salaries & Wages $ 253,191 Benefits $ 68,296 Professional Services $ 81,945 Interfund Allocations $ 40,000 Office Space (in-kind donation) $ 12,000 Supplies $ 2,000 Subtotal $ 457,432 Administering agency - 10% admin fee** $ 44,543 TOTAL $ 501,975 RESERVE TOTAL $ 501,975 *King County contribution based on the population of unincorporated King County is shown as increasing at the same rate as other partner jurisdictions and the additional allocation decreasing to maintain a total contribution of $75,000 per year. **10% administrative fee is calculated as a percentage of operating costs which excludes in-kind donations and carry-forwards. AGENDA ITEM #1. a) South King Housing and Homelessness Partners (SKHHP) 2026 Work Plan and Budget Claire V. Goodwin, SKHHP Executive Manager cvgoodwin@skhhp.org AG E N D A I T E M # 1 . a ) About SKHHP 2 2019: SKHHP was formed via an Interlocal Agreement Twelve member jurisdictions include: Auburn Federal Way Renton Burien Kent SeaTac Covington Maple Valley Tukwila Des Moines Normandy Park King County Mission: •South King County jurisdictions working together and sharing resources to create a coordinated, comprehensive, and equitable approach to increasing housing stability, reducing homelessness, and producing and preserving quality affordable housing in South King County. Interlocal agreement requires City Council adoption of annual work plan and budget AG E N D A I T E M # 1 . a ) 2026 Work Plan Development Process Executive Board Survey Draft review by Staff Work Group Executive Board reviews draft and provides feedback Final draft reviewed by Staff Work Group Final draft reviewed and adopted at May 16 Executive Board meeting Council adoption 3 You are here! AG E N D A I T E M # 1 . a ) 2026 Work Plan Goals 4 1. Fund the expansion and preservation of affordable housing. 2. Develop policies to expand and preserve affordable housing. 3. Serve as an advocate for South King County. 4. Manage operations and administration. AG E N D A I T E M # 1 . a ) 2026 Operating Budget 5 Total operating budget: $501,975 64% funds salary and benefits (2 FTEs) Revenue: Operating revenues come from member jurisdiction annual contributions and based on population tiers Executive Board adopted policy in July 2021 15% increase in member contributions each year through 2026 Expenses: Professional Services increasing due to data update to Affordable Housing Inventory Dashboard and anticipated higher rates for contracted services (legal assistance for developing housing contracts and third-party constriction review of applications) Professional Services incorporates Advisory Board compensation, contract attorney expenses, data update to dashboard, third-party construction reports, professional development, travel, non-profit dues, and annual license Continuing to spend down cost savings from previous years to balance additional contribution increases Interest earnings incorporated into unrestricted fund balance in reserve AG E N D A I T E M # 1 . a ) Operating Contributions by Population 6 Member Jurisdiction Population Tier 2023 Contribution 2024 Contribution 2025 Contribution 2026 Contribution <10,000 $5,290 $6,084 $6,996 $8,045 10,001 – 35,000 $9,919 $11,407 $13,118 $15,086 35,001 – 65,000 $19,838 $22,814 $26,236 $30,171 65,000 – 100,000 $34,385 $39,543 $45,474 $52,295 100,000+$44,965 $51,710 $59,466 $68,386 AG E N D A I T E M # 1 . a ) Population by City and Year 7 SKHHP Member Jurisdictions Population (OFM 2021 estimate) Population (OFM 2022 estimate) Population (OFM 2023 estimate) Population (OFM 2024 estimate) Population (OFM 2025 estimate) Auburn Total: 83,950 KC: 73,901 Total: 88,750 KC: 78,690 Total: 88,820 KC: 78,760 Total: 88,950 KC: 78,890 Data not published until June 30, 2025 Burien 53,290 52,490 52,560 53,000 Covington 20,890 21,200 21,600 22,000 Des Moines 32,820 33,160 33,260 33,400 Federal Way 99,590 101,800 102,000 102,500 Kent 132,400 137,900 139,100 140,400 Maple Valley --28,920 29,250 29,320 Normandy Park 6,740 6,790 6,840 6,855 Renton 106,500 107,500 107,900 108,800 SeaTac 32,000 31,910 31,740 32,710 Tukwila 21,970 22,620 22,780 22,930 King County (unincorporated)--248,160 249,060 249,575 AG E N D A I T E M # 1 . a ) Thank you! Claire V. Goodwin, SKHHP Executive Manager cvgoodwin@skhhp.org AG E N D A I T E M # 1 . a )