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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: October 6, 2020 Re: Comm. No. 1087/Bill No. 203 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 11:03 a.m. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance, to which was referred Bill No. 203, reports as follows: <br /> Bill No. 203, transmitted by Finance Director Deanna Sako, via Communication No. 1087 <br /> dated September 18, 2020, amends Ordinance No. 20-45, as amended, the Operating Budget for the <br /> County of Hawai`i for the fiscal year ending June 30, 2021. <br /> Bill No. 203 appropriates revenues in the Federal — Housing Assistance Program COVID-19 account <br /> ($1,101,466); and appropriates the same to the Housing Assistance Program COVID-19 account. Funds <br /> would be used to pay for an increase in Section 8 rent due to the impact of the COVID-19 pandemic. <br /> A motion to move Bill No. 203 to Council with a positive recommendation was made by Council <br /> Member Herbert M. "Tim" Richards, III, and seconded by Council Member Rebecca Villegas. <br /> Office of Housing and Community Development Administrator Duane Hosaka addressed Your <br /> Committee, noting that the federal Housing and Urban Development (HUD) office projected a <br /> significant shortfall and was able to provide extra funds for increased rents for clients, including the <br /> additional housing assistance needs due to COVID-19. He added that the funding was in addition to the <br /> $20 million budget, and that unlike most of the CARES funds that have a December 30, 2020 spending <br /> deadline, these HUD funds do not. This new funding will be used for the shortfall from June through <br /> December 2020. Any remaining funds will be put into a reserve fund account for later use. <br /> Approximately 2,030 clients will benefit from these funds. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 203, and recommends <br /> its passage on first reading. <br /> db <br /> AI ES NOES ABS EX Respectfully submitted, <br /> CHUNG X <br /> DAVID x COMMITTEE ON FINANCE <br /> EOFF X <br /> KANEALI`1-KLEINFELDER X / �- <br /> KIERKIEWICZ X / � � <br /> 401 <br /> LEE LOV X r-�,� <br /> POINDEXTER x MAILE I I i • YID, CHAIR <br /> RICHARDS X FC REPORT NO.: 149 <br /> VILLEGAS X ADOPTED: OCT 2 1 2020 <br />