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Form #: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Office of Housing and Community Dev. DATE: 4/17/13 STAFF CONTACT: Noel Fujimoto PHONE: 961-8379 A. REQUEST: Requesting a bill for an ordinance to appropriate $1,050,279 for the Program Year(PY)2011 HOME Investment Partnerships Program (HOME) ($750,279) and prior years' HOME funds ($300,000) to fund the following activity: Na Kahua Hale 0 Ulu Wini - $1,050,279 B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): This appropriation reflects the re-allocation of PY11 HOME funds and prior years' HOME funds from the County of Maui to the County of Hawaii by the State Hawaii Housing Finance and Development Corporation (HHFDC). The HHFDC allocated PY11 HOME funds of$750,279 and prior years' HOME funds of$300,000 to the County of Maui to establish a Tenant Based Rental Assistance (TBRA) program to assist low and moderate income families. As the County of Maui was unable to establish the TBRA program or commit funds to another eligible project, HHFDC de-obligated the funds in January, 2013. HHFDC reviewed activities proposed by both the County of Kauai and the County of Hawaii and determined that the County of Hawaii's construction of the final phase of the Na Kahua Hale 0 Ulu Wini project was the most efficient use of the funds. These funds will be utilized for vertical construction of the final phase of the Ulu Wini project, consisting of twenty two-bedroom units. The firsts phase of the project is complete and provides 40 two- bedroom transitional and affordable rental units. The second phase, consisting of 36 two-bedroom units is scheduled for completion in May, 2013. When completed the Ulu Wini project will provide a total of 96 low- income families and individuals with access to decent, affordable housing. The Office of Housing and Community Development (OHCD) request that this ordinance be waived to the Council meeting on May 15, 2013 as this additional HOME funds will be utilized for the vertical construction of the final phase at Ulu Wini. The OHCD is anticipating going out to bid in May and executing the construction contract by the end of June, 2013. The OHCD would need all accounts be setup and funded prior to executing the construction contract. SIGNED: ' DATE: 411-7113 Department Head