2020-11-05 HCHA Approved Minutes

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HCHA meeting November 5, 2020 whether they want to explore this voluntary buyout program with a program start of April 2021. With intake and processing of applications. Just a fine point, you know the, of the $83,000,000 we have six years to spend those dollars and so as part of the HUD action plan they ... a key point for us, but for all grantees, is what they call timely expenditure. How are we going to ensure that we spend the money on time? And so their projections that are really a base line but essentially we can spend these program dollars in the service of applicants, right? And so if there is significant up take early on, we can process that as we can process the applications and how folks get to the closing table on this buyout program. If we feel like ... or if we observe that there's drop off in the program there's less interest, we all like share responsibility for allocating these dollars to recovery and so it is not uncommon and also actually part of HUDs process in administering this program to address substantial amendments, right? to see okay, where are we against spending and prioritization of these dollars to where they need to be prioritized. If the initial program is not meeting its mark in terms of spending were still helping folks there's no question about it, who are participating, then substantial amendments are important part of the process. Any substantial amendment would go through public comment review as it relates to an allocation of funding more than 10% of the grant, any change in eligibility criteria, or any change in programs or projects, the use of the funds. And so these are detailed in the action plan but I think its important to really call out just what the life cycle of this grant looks like and for grantees who have been receiving these dollars since the 90s amendments are part of the process and its really indicative of the recovery process. And as we acquire knowledge on these properties and where they are and work with the communities, where the buyout activities are being proposed, really developing a management plan for the long term management of the acquired properties is an on-going next step. I'll pause there but really appreciate everyone's time and thoughts on these really important issues. Eoff: Thank you so much Mr. Le. I think I'll open it up for discussion now. Councilmembers, I mean Housing Agency members, in Hilo? Richards: Chair? Eoff: Go ahead. Mr. Richards. Richards: Thank you. Douglas, as always thank you very complete. Question on your comment on page four the program funds must assist low to moderate Page 23 of 36