REP FC 054 03/27/2013 (2012-2014)

Home

FC -54 Page 2 March 27, 2013 Bill No. 54 amends Ordinance No. 11 -40, by reducing the Kawaihae Housing Closure $1,291,332.55, and increasing the Kaloko Housing Project by the same amount. Finance Director Nancy Crawford and Housing Director Stephen Arnett appeared before Your Committee for questions. Mr. Arnett informed the Council Members that the Housing division estimated $1.5 million from the closure of Kawaihae Housing. The Office of Housing and Community Development (OHCD) received an additional $1,050,000 from Maui in HOME funds. These funds will be used specifically for the completion of the last five buildings in Kaloko, Homes at Ulu Wini; however, these funds have a "spend down" requirement to be appropriated by July 15, 2013. With the re- appropriation of the $1.2 million and the $1.5 million from Maui, the Department of Housing could do four of the five buildings. The idea, per Mr. Arnett, was to go out for the Invitation for Bid (IFB) and do a bid for four buildings with an added alternative for the fifth building, thinking they would have enough for the fifth building. Ms. Wille supports Bill No. 54. She was informed by Mr. Arnett that the Homes of Ulu Wini would be available to people who are in the 80% of the median income level, as rentals. In closing, Mr. Arnett also provided that the OHCD will soon be coming forward to Council with a request to have Kaloko go with a Section 8 voucher project. The voucher would stay with the unit, not the individual family. Your Committee on Finance is in accord with the purpose and intent of Bill No. 54, and recommends its passage on first reading. f 161 Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NO.: 54 ADOPTED: AYES NOES A &E EX EOFF X FORD X ILAGAN X KANUHA X KERN X ONISHI X POINDEXTER X WILLE X YOSHIMOTO X Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NO.: 54 ADOPTED: