2017 CDBG HOME Public Notice - Laserfiche WebLink

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funds will be allocated on a three (3) year rotation basis between the three neighboring Counties. Hawaii County is next in the rotation to receive HOME program funds in 2018. The County anticipates it will receive approximately $2,925,000 of HOME funding, less 2.5% of the allowable administrative funding which will be retained by the State’s Hawai`i Housing Finance and Development Corporation (HHFDC) to cover program administrative expenses (approximately $75,000). National Housing Trust Fund: The National Housing Trust Fund Program is a new federally funded program which was created by Section 1131 of Title I of the Housing and Economic Recovery Act of 2008. This program is intended to be a locally designed and administered program to increase and preserve the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing for extremely low- income households, including homeless families. The State of Hawai’i Housing Finance and Development Corporation (HHFDC) anticipates receiving approximately $3,000,000 in HTF in 2018. The allocation is divided amongst the City and County and rotated annually between the neighbor island counties. Hawaii County is next in the rotation to receive the HTF program funds in 2018 of approximately $1,425,000. The County is targeting these funds solely for rental housing activities serving households with incomes at or below 30% of the area median income. HTF funds can be used for the new construction or acquisition and/or rehabilitation of rental housing units affordable to extremely low income families and some operating costs for rental projects. For additional program information, please view the OHCD website at www.hawaii.gov/office-of-housing/ OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT COUNTY OF HAWAI`I By: Neil S. Gyotoku Housing Administrator PUBLIC NOTICE #1 -5- CPS/2018