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Form #: B-52 <br />7/18/91 <br />DEPARTMENT OF FINANCE <br />REQUEST FOR COUNCIL ACTION <br />Office of Housing and Community <br />DEPARTMENT: Development DATE: March 22, 2024 <br />STAFF <br />CONTACT: Susan K. Kunz / Sharon L. H rota PHONE: 961-8379 <br />A. REQUEST: <br />The Office of Housing and Community Development (OHCD) is requesting to amend Ordinance 23-50 by <br />appropriating the following. - <br />Revenue: <br />interest —Other Federal <br />Interest - <br />Expenditure: <br />Emergency Rental Assistance Admin COViD-19 <br />Cities for Financial Empowerment <br />Emergency Rent Assist 2 Admin COVID-19 <br />HaWali island Landlord/Tenant Mediation Program <br />Hawaii Island Homeowner Assistance Program - Admin <br />152.3601,90 $ 620,000.00 <br />152,xxxx.xx $ 2,000,00 <br />152.461.5466.64 <br />$ 10,000.00 <br />162.461,5466.65 <br />$ 2,000.00 <br />152,461.5466,67 <br />$ 500,000.00 <br />152.461.5466.68 <br />$ 10,000.00 <br />152.461,5466.71 <br />$100,000.00 <br />The appropriation of $622,006.00 represents interest accrued from grant funds. <br />B. BACKGROUND AND JUSTIFICATION USE ADDITIONAL SHEETS AS NEEDED): <br />The accrued interest will be used towards program funding and administrative expenses, increasing the <br />number of households that can be provided with financial assistance.and ensuring effective operational <br />management of the grant funds, <br />SIGNED: DATE: <br />parlrr�enl Head �" <br />