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Form #: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION . Office of Housing & Community DEPARTMENT: Development DATE: 02/20/2018 STAFF CONTACT: Neil S. Gyotoku, Housing Administrator PHONE: (808) 961-8379 A. REQUEST: We request to amend Ordinance 17-39, The 2017-2018 Operating Budget to increase the Budget in the Housing Fund as follows: The Office of Housing and Community Development is requesting the appropriation of$2,500,000 to the Housing Voucher Program (Account Number 152.3301.54). This amount represents an increase in revenues received from the U.S. Department of Housing and Urban Development to be used for Housing Assistance Payment subsidies, and is to cover the expenditure account number 152.461.5466.30.371, Voucher rental subsidies. B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): The increase in appropriation reflects the updated allocation to be received from the U.S. Department of Housing and Urban Development for the period July 1, 2017 to June 30, 2018 for the Housing Choice Voucher HCV (Section 8 program). The $2,500,000 is to be used for payment of rental assistance for eligible participants in the program. The OHCD expects to expend this allocation by June 30, 2018. • In February of each year, the OHCD compares the County budgeted and HUD anticipated funding for the Section 8 Program and adjust the budgeted amounts, if necessary; to reflect more closely the anticipated Section 8 Program funding the County is to receive for the current fiscal year. • SIGNED: ' DATE: FEB 2 2018 . ent Head 911t001P