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Form#: B-52 <br /> 7118191 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> Office of Housing and Community <br /> DEPARTMENT: Develo•ment DATE: 12/19/19 <br /> STAFF CONTACT: Duane Hosaka, Housing Administrator PHONE: 808-961-8379 <br /> A. REQUEST: <br /> On March 1, 2010, the County of Hawaii entered into a 10-year Housing Assistance Payment Contract <br /> (Agreement)with Ainakea Senior Residences LLP owners of Ainakea Senior Residences which provides <br /> rental subsidies to 29 eligible elderly participants with incomes at 30%-50% of area median income. The <br /> project was selected through a Public Notice dated July, 26, August 2 and August 9, 2009 and authorized <br /> under Resolution 276 09 on November 18, 2009. <br /> The purpose of the PBV program is to further the OHCD's overall goal to provide for the development of <br /> viable communities in the county by providing decent housing, suitable living environments, expanding <br /> housing and economic opportunities, and deconcentrating poverty.. <br /> The Office of Housing and Community Development(OHCD) requests Finance Committee and County <br /> Council actions authorizing the Mayor to extend the initial multi-year Agreement with Ainakea Senior <br /> Residences LLP owners of Ainakea Senior Residences. <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> The initial 10-year contract expiration is February 29, 2020. The owner has submitted a written request to <br /> amend the initial master agreement to extend the initial 10-year term to the maximum allowable by HUD of <br /> 20 years to February 28, 2030. <br /> SIGNED: <br /> -- DATE: 12119!19 <br /> Department Head <br />