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Program <br />Source <br />of <br />Funds <br />Uses of Funds <br />Expected Amount Available Year 1 <br />Annual Program <br />Allocation: Income: <br />$ $ <br />Prior Year Total: <br />Resources: 1 $ <br />Expected <br />Amount <br />Available <br />Reminder <br />of ConPlan <br />$ <br />Narrative Description <br />HOME public - Acquisition <br />federal Homebuyer <br />assistance <br />Homeowner <br />rehab <br />Multifamily <br />rental new <br />construction <br />Multifamily <br />rental rehab <br />Other <br />Other <br />New <br />construction for <br />ownership <br />TBRA <br />The HOME funds are received by State <br />Hawaii Housing Finance and <br />Development Corporation (HHFDC) and <br />1 the State in turn allocates the HOME <br />funds to the counties. Prior to 2012 the <br />HOME funds were evenly distributed to <br />the three neighbor -island County's. In <br />2012 the HHFDC decided to change the <br />method of distributing the HOME funds. <br />The HHFDC decided to allocate the <br />HOME funds on a three year rotation <br />basis beginning with Hawaii County <br />followed by Kauai County and Maui <br />County. The designated County will <br />receive the entire allocation of HOME <br />funding Tess the allowable administrative <br />funding which will be retained by the <br />HHFDC. This makes it a little difficult for <br />Hawaii County, as well as, the non-profit <br />organizations to plan out projects over a <br />0 2,825,000 three year period. <br />OMB Control No: 2506-0117 (exp. 07/31/2015) <br />2,750,000 0 0 2,750,000 <br />Annual Action Plan <br />2017 <br />Foundation grants to assist low and very <br />low income projects <br />16 <br />