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Form #: B-52 <br />7/18/91 <br />DEPARTMENT OF.FINANCE <br />REQUEST. FOR *.Cts _U..N_GJ:L -ACT ON <br />Office of Housing & C-ommunity <br />DEPARTMENT-, Devol .. ment DATE:- 6/19/2020 <br />STAFF CONTACT: Anne PaLil(�.y . .... PHONE: 32-8-4303 <br />The Office. of Housing and Community Development (OHCD) requests that the County enter <br />into a mu.1ti-year amended andr.estatedlease :tar :75:,ve..ars With P;5pa`aloa:Housinq, Inc. for the <br />rehabilitation and leasehol.d. rights to the Pdpa.'aloa Elderly Housing Project located in <br />,P5pa'aloa, District of Hamakua, Hawai'i covered by. TMK- (3) 3-5_003:049as requited per <br />Chapter 2,.Article 19, Ser tion 2-120(a)(2), HaWai'i County Code. <br />The 0HCQ respectfully requests that thq above -referenced matter be waived from Cornmitteeto the full Council <br />for action at the next Council meeting, <br />............. ............ .......... <br />.Cn April, 3, 2002, the County of HawaN through its. Offi de of HoU-sing and Community Development-, entered <br />irto a1ease for atleast20-years with Pa-pa'al6a Housing; inc, a Hawai'i:nor -profit corporation, -110 build. and <br />operate the P,,§pa'aloa Elderly Housing Project'.Iocatedon .2.5 acres of. 1and in P;5pa,'c1loa, Ham- akua district <br />further described as TMK:, (3). 3-5-003-049. <br />Together, P,5pa'aloa Housing Inc, and the OHCD acquired 10 old t0athers cottages and moved them to the sitej <br />and renovated there into -ten (10) one-be_t(roorn units, with a. sfti*611 coftiMunity center. <br />For almost 20 year .E PApa'aloa Housirig Inc,. and them an ent firm ,Big .Island wHousing, LLC have <br />manage <br />successfully opef8ted the facility,. and;now desires fres to substaptically renovate the aging facility;8nd' increase its <br />size -from, ten (11 0) one -bedroom units to a building with twenty (20) onewbedroorn. units, community center, <br />aid a manager unit and also close sic (0) cesspodli§ on the :p,rope rt.y, <br />All partners have worked together to assemble' renovation prQgrcam with Q I ntyou - ,, Sta.­ t <br />0, Federal & private <br />funding. to cortiplete. the renovation proje&t and add 10 additional housing units to Hawaii island's .housing <br />irventory. <br />The 'Dint renovation project Will cost. approximately $8',.500, OW 00 and. utilize County C I P funds totaling <br />$2,300,000.0 <br />0 -with the balance- of funds expected* to% be approved in Jqty 2020 from State of Hawai'i LoW <br />Income Hou- sing Tax Credits and: private equity source?.. <br />SATE; <br />Department, Head <br />! rivou I <br />