REP FC 103 2023/10/31 2022-2024 - Laserfiche WebLink

Home

DATE: October 31, 2023 PLACE: Council Chambers Hilo, Hawaii TIME: 9:30 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 REPORT OF THE COMMITTEE ON FINANCE Re: Comm. No. 560/Res. No. 331-23 Your Committee on Finance, to which was referred Resolution No. 331-23, reports as follows: Resolution No. 331-23, transmitted by Finance Director Deanna S. Sako, via Communication No. 560 dated October 13, 2023, authorizes the Office of Housing and Community Development to award funds to various organizations for programs addressing affordable housing. This resolution allows for the distribution of $17,324,559.46 of grant funds to seven organizations to support the County's Affordable Housing Production Program. Committee Chair Matt Kaneali`i-Kleinfelder asked Housing Administrator Susan Kunz to provide some background on this measure. When Ms. Kunz concluded her overview, she mentioned that they invited members from the different organizations that they will be working with to attend this committee should the committee have any questions about their projects. Committee Member Heather Kimball thanked Ms. Kunz and expressed her excitement for these projects. Ms. Kimball requested to go through each program to get details on the unit quantity and the terms of affordability. Ms. Kimball then asked Ms. Kunz if everything was developed in alignment with Chapter 11 of the Hawaii County Code or if there were different terms of affordability. Housing and Community Development Specialist Royce Shiroma confirmed that this was created in alignment with Chapter 11. Mr. Shiroma then invited multiple members from the listed organizations to provide some background on each of their projects. Ms. Kimball asked about the Kamakoa Nui project and asked if the plan was to develop all of these contracts and sell some as affordable housing lots. Assistant Housing Administrator Harry Yada confirmed that is the plan. He also stated that there will be about 600 units once that community is developed. Committee Member Jenn Kagiwada commented that the Hale Ola O Mohouli requested $2 million but was only awarded $824,000 and asked if there was a plan to make up the difference or if they would be in line for the next round of funding. Mr. Shiroma stated that the project still needed to commit all of its funding to the project, and there were some changes to the actual design and plan, which would delay this project. FC Report No. 103