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HCHA meeting November 5, 2020 <br />$269,000,000. What we have documented as received, both primarily, in this <br />case, assisting impacted households and what the unmet need is. So the unmet <br />need is identified as $293...$239,000,000 and the HUD funding that were seeking <br />approval for will reduce that need but there will still be un ... remaining unmet <br />need even after all the HUD funding is applied. <br />So specifically we are proposing two programs. One is a voluntary housing <br />buyout program that we are planning to allocate $78,000,000 to. Our second <br />program is around housing relocation services. So assistance in helping families <br />really find that next home. For those participating in the buyout program or even <br />those who are impacted by the disaster directly and still housing insecure. <br />Besides just the support type of assistance, were also proposing financial <br />assistance in the form of a partial security deposit for a rental or a down ... partial <br />down payment assistance if someone's buying into their next home as a result of <br />the buyout program. <br />We looked at some key objectives and really had to look at also best practice <br />at HUD and other grantees who've run similar types of housing programs shared <br />with us what the needs are on the ground, in terms of the families that were <br />looking to serve, there's no ... there's no question that of the hundreds families <br />that were impacted by this irruption the experiences are across the continuum <br />in terms of their... peoples financial situations, their housing needs, their lively <br />hoods and farms but also their future vision, I think, the choice folks have had to <br />make and continue to have to make are very complex ones and we really <br />weighed that in terms of how we approached the proposal to design this <br />program from folks who are carrying debt on the property that was inundated <br />that can no longer occupy to taking an SPA loan immediately after the irruption <br />cause that was one of the few options of assistance at that time. Folks who <br />continue to be renting or housing insecure, not having a permanent place to be <br />as well as families who had to relocate off island. Because that was the only <br />place where they could find stable housing but they are looking to return. And <br />finally stories of folks who may have received that FEMA assistance that max at <br />$34,000 or so that went to any number of needs the family was facing. Some <br />folks bought a lot but can't do much else with it. So its just sitting there until they <br />can figure out there housing. All of these considerations went into the proposal <br />of the program. One part being really looking at pre -disaster value for the <br />purchase price a maximum grant award of $230,000 prioritizing serving low - <br />moderate income households first but non low -mod income household are also <br />eligible, its not a question of eligibility, it is a question of prioritization. The same <br />goes with the types of properties, really prioritizing primary homes over second <br />homes or undeveloped vacant lots and two key issues that came across in the <br />public comment period was if our property's adjacent to public road that will <br />not be restored ensuring that those folks have prioritization inconsideration of <br />other eligibility criteria and this question of duplication of benefits where in every <br />Page 20 of 36 <br />