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a <br /> Form ; B-5 <br /> 7115191 <br /> DEPARTMENT!gF FINANCE <br /> REQUEST ECOR COUNCIL A TION y <br /> Office of Rousing and Community <br /> DEPARTMENT. wv loprrti�nt DATE., July 23, X121 <br /> STAFF <br /> CONTACT- Susan K. Kunz l h ton L. Hirota PHONE: 961-8379 <br /> A. REQUEST. <br /> The office of Housing and Community Development is requesting to amend Ordinance 21-33 by <br /> appropriating the following. <br /> Revenue: <br /> 2021 Hawaii Island Homeowner AssistanceProgram 1.52,3310,XX $ 9,500,000 <br /> Expenditure: <br /> 2021 Hawaii Island Homeowner Assistance Program 15 ,461..5466,. t .371 9,500,00 <br /> The appropriation request for$9500,000 represents a grant from the Mate of Hawa'ifr Department of <br /> Budget and Finance, to implement a homeowner assistant fund program to eligible households that <br /> are financially impacted by the coronavirus pandemic. <br /> Please create a resolution to enter into an agreement to accept tate grant funds, ri <br /> To expedite receipt of grant funds,the OHCD would life to request for a waiver from committee and that <br /> the resolution and ordinance be placed on the August 15., 2021 council agenda. <br /> B. BACKGROUND AND JUSTIFICATION JUSE ADDITIONAL SHEETS AS NEEDED): <br /> On July 23, 2021, The State of Hawaii, Department of Budget and Finance informed the Office of <br /> Housing and Community Development:;on the availability of federal funds from the American Rescue <br /> Plan (ARP)Act of 2021,Which establishes a Homeowner assistance Fund to mitigate financial <br /> hardships associated with the coronavirus pandemic by helping homeowners at risk of losing their <br /> housing with payments for qualified expenses related to mortgage and other housing cost. r <br /> L <br /> I NEO: GATE; -7 12n <br /> G p rtm nt Head Si <br /> ;t <br /> r< <br /> rl <br /> i <br />