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Form , E-5 <br /> 7/18101 <br /> DEPARTMENT OF FINANCE <br /> REQNEST FOR COUNCIL ACTION <br /> Office of Housing andommunity <br /> DEPARTMENT:T: evelo ru nt DATE: Auggst 30, 2021 <br /> STAFF <br /> CONTACT. Susan K. Kunz t Sharon L, Hirota PHONE, 061-5378 <br /> . ST <br /> The Office of Housing and Community Development is requesting to ar�iennd Ordinance 21-38 by <br /> appropriating the following;: <br /> Revenues: <br /> 2021 Hawaii Island Homeowner Assistance Program —Admin 152.331 O $39,500.00 <br /> Expenditure: <br /> 2021 Hawaii Island Homeowner Assistance Program-Admin 152,461,5466,yx $30,500,00 <br /> The appropriation request for 39.500:00 represents a grant from the State of Hawaii, Department of <br /> Budget and Finance, to provide administrative funding to support the implementation of a homeowner <br /> assistance fund program for eligible households that are financially impacted by the coronavirus <br /> pandemic. <br /> Please create a resolution to eater into an agreement to accept the grant funds:. <br /> z <br /> & BACKGROUND AND JUSTIFICATIONUS ADDITIC7PIAtW aHE T A NEED <br /> E� <br /> On August 24, 2021,the StateofHawaii, Department of Budget and Finance informed the Office of <br /> Housing and Community Development on the availability of federal funds from the Coronavirus Relief <br /> Fund as appropriated in section,5001 of the Coronavirus Aid, relief, and Economic Security;Act <br /> (CAFES Act), P.L. 115-136, to provide funding to support the administrative expenses related to the <br /> development and implementation of a Homeowner Assistance Fund to mitigate financial hardships <br /> associated with the coronavirus pandemic by helping homeowner's at risk of leasing their housing with <br /> payments for qualified expenses related to mortgage and ether housing cost. <br /> SIGNED: :w DATE: � <br /> Department Head_ <br />