RES 528 Draft 01 2006-2008 - Laserfiche WebLink

Home

COUNTY OF HAWAII RESOLUTION NO. STATE OF HAWAII 528 08 A RESOLUTION APPROVING A RESIDENTIAL ASSISTANCE PROGRAM FOR QUALIFIED COUNTY OF HAWAII EMPLOYEES. WHEREAS, the County of Hawaii has had extreme difficulty recruiting and retaining a number of positions in various departments and agencies; and WHEREAS, mortgage assistance programs are being implemented in municipalities across the country for both recruitment and retention purposes; and WHEREAS, a county loan program, dubbed the "Residential Assistance Program for Qualified County Employees" (Program), would serve as a helpful recruitment tool, assisting departments and agencies in, not only attracting, but retaining high-quality public employees; and WHEREAS, employees from all County departments and agencies could potentially qualify for the Program; and WHEREAS, the following conditions would apply to the Program: 1. It would be limited to one-time participation only; 2. The loan application can only be submitted after successful completion of 1.2 months of employment; 3. The mayor may waive the 12 month period at his or her discretion on a case-by-case basis, particularly for recruitment purposes; 4. The loan would be available on a first-come, first-serve basis, but would be limited to 201oans per year; 5. When the Program limit is reached, County employees will be placed on a waiting list and will be notified when a loan is available; 6. The waiting list will be administered by the Department of Finance; 7. The loan would be toward the down payment of the purchase of a home; 8. The home purchased is not required to be "new" construction; 9. The property must be owner occupied;