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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: October 6, 2020 Re: Comm. No. 1087/Res. No. 739-20 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 11:03 a.m. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 739-20, reports as follows: <br /> Resolution No. 739-20, transmitted by Finance Director Deanna Sako, via Communication No. 1087 <br /> dated September 18, 2020, authorizes the Office of the Mayor to enter into an agreement with the <br /> United States Department of Housing and Urban Development. <br /> This resolution allows for the receipt of$1,101,466 of Federally derived funds to be used by the Office <br /> of Housing and Community Development to pay for an increase in Section 8 rent due to the impact of <br /> COVID-19 pandemic. <br /> A motion to move Resolution No. 739-20 to Council with a positive recommendation was <br /> made by Council Member Herbert M. "Tim" Richards, III, and seconded by Council Member <br /> Ashley L. Kierkiewicz. <br /> Office of Housing and Community Development Administrator Duane Hosaka addressed Your <br /> Committee, noting that the federal Housing and Urban Development (HUD) office projected a <br /> significant shortfall and was able to provide extra funds for increased rents for clients, including the <br /> additional housing assistance needs due to COVID-19. He added that the funding was in addition to the <br /> $20 million budget, and that unlike most of the CARES funds that have a December 30, 2020 spending <br /> deadline, these HUD funds do not. This new funding will be used for the shortfall from June through <br /> December 2020. Any remaining funds will be put into a reserve fund account for later use. <br /> Approximately 2,030 clients will benefit from these funds. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 739-20, and <br /> recommends its adoption. <br /> db <br /> AYES NOES ABS EX Respectfully submitted, <br /> CHUNG X <br /> DAVID x COMMITTEE ON FINANCE <br /> EOFF X <br /> KANEALI`I-KLEINFELDER X -I <br /> KIERKIEWICZ <br /> LEE LOY X <br /> POINDEXTER x MAILE MEII DAVID, CHAIR <br /> RICHARDS x FC REPORT NO.: 147 <br /> VILLEGAS x ADOPTED: OCT 2 1 2020 <br />