COM 1419.000 2006-2008 - Laserfiche WebLink

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Form #: B-52 7/18/91 DEPARTMENT OF FINANCE DEPARTMENT: STAFF CONTACT: REQUEST FOR COUNCIL ACTION DATE: McComber PHONE: 8/26/08 808/961-8379 A. REQUEST: The Office of Housing and Community Development (OHCD) requests Council's approval to amend the Capital Budget and to increase the County's portion of the development of Phase I of the Kaloko Housing Program, from $5,413,000 to $7,500,000. And to also eliminate the Federal share of this project ($5,563,000). B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): The County, in collaboration with community members, approached the 2008 State Legislature with a $12 million request for its Kaloko Housing Program. By the end of the session, the County was able to secure an appropriation of $1.454 million in Capital Improvement Project funds. Simultaneously, the County also submitted a Congressional request (for the same amount of $12 million) for a federal Economic Development Initiative grant for the project. Recently, the OHCD was informed that its federal request was not funded. Because (1) the County is unsure whether the State funds will be released by the Governor and (2) the state appropriation is insufficient to complete all or even part of the project, the OHCD is requesting an appropriation of $7.5 million to complete 24 transitional housing units that will replace the Kawaihae Transitional Housing Program. As the Kawaihae program is scheduled for closure in June of 2009, there is an urgency in obtaining these funds. SIGNED: DATE: 8/26/08 epartment Head