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-',. Nancy E.Crawford <br /> William P.Kenoi .• �y1,14(..; Director <br /> Mayor ;I, !/ <br /> . Deanna S. Sako <br /> •r•�+ q::�.� Deputy Director <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 <br /> (808)961-8234 • Fax(808)961-8569 <br /> _', j <br /> July 26, 2012 <br /> Dominic Yagong Council Chair and <br /> Members of the Hawaii County Council <br /> Hawaii County Council <br /> 25 Aupuni Street ,- <br /> Hilo, Hawaii 96720 <br /> Re: Agreement with the State of Hawaii Department of Business, Economic Development <br /> and Tourism, Hawaii Housing Finance and Development Corporation <br /> The State of Hawaii Department of Business, Economic Development and Tourism's Hawaii <br /> Housing Finance and Development Corporation (HHFDC), is providing $400,000 of federally <br /> derived funds to the Hawaii County Office of Housing and Community Development (OHCD) <br /> to be used for the construction of the Na Kahua Hale 0 Ulu Wini project (formerly known as <br /> the Kaloko Rental Housing Project). The funds will enable OHCD to construct one additional <br /> affordable rental unit. <br /> Enclosed is a resolution authorizing the Mayor to enter into an agreement with the HHFDC in <br /> order to commence this program. <br /> Also enclosed is a bill for an ordinance amending the Operating Budget by appropriating this <br /> $400,000 Neighborhood Stabilization Program (NSP) Grant. <br /> If there are any questions, please do not hesitate to call Susan Akayama from the Office of <br /> Housing at 961-8379. <br /> Nancy rawford <br /> Director of Finance <br /> Enc. <br /> cc: OHCD <br /> Nes. 28'1-12 ; Sill 2.€3) <br /> Comm. No. 79C <br /> Hawaii County is an Equal Opportunity Provider and Employer To: Pc- <br /> Ref. Date JUL 2 7 2012 <br />