Loading...
HomeMy WebLinkAboutCOM 0070.000 2024-2026C. Kimo Alameda, Ph.D. Mayor William V. Brilhante Jr. Managing Director Diane Nakagawa Director Malia A. Kekai Deputy Director County of Hawaii Finance Department 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • Fax (808) 961-8569 December 18, 2024 f. =D Dr. Holeka Goro Inaba, Council Chair and 4 v. Members of the Hawaii County Council -- Hawaii County Council ` 25 Aupuni Street C Hilo, Hawaii 96720 -,1 Re: Operating Budget The U.S. Department of Housing and Urban Development is providing an additional $137,592 to the Office of Housing and Community Development's Housing Trust Fund Program. The funds will be used to produce affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non -luxury housing with suitable amenities. In the current fiscal year's budget, $2,850,000 is appropriated for this grant. Enclosed is a bill for an ordinance amending the Operating Budget by appropriating the additional funds into the Office of Housing and Community Development's HTF Projects and HTF Administration accounts, bringing the total grant appropriation to $2,987,592. If there are any questions, please do not hesitate to call Kehaulani Costa or Royce Shiroma of the Office of Housing and Community Development at 961-8379. la � C*� Diane Naka a Director of Finance Enc. c: OHCD 94 W%" ILA 7 Comm. No. '10 Rei. To• Fc... Refs. Delle DEC 2 4 2024 Hawaii County is an Equal Opportunity Employer and Provider Form #:6-52 7118191 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Office of -Housing & Community Dev. Date: 12/1312024 STAFF CONTACT: Kehaulani Costa/Royce Shiroma PHONE: (808) 961-8379 A. REQUEST: Please submit the attached bill to amend Ordinance No.24-32, as amended, the Operating Budget for the County of Hawaii for the Fiscal Year ending June 30, 2025, to add additional Housing Trust Fund (HTF) Program allocation and appropriate the same for the General. Fund, as follows: 010.3310.13 Housing Trust Fund Grant 010-956.6956.11.115 HTF Projects, Misc; Contract Services 010.956.5956.112115 HTF Administration, Misc. Contract Services B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): $ 187,592.00 $ 1130,351-00 7,241.00 The HTF Program is an allocation from HUD through HHFDC and.is received every three years on rotation between Kauai, Maui and Hawaii Counties. The HTF Program funds are used to produce, affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non -luxury housing.With suitable amenities. These funds primarily assist families that meet the requirements of extremely low-income or 30 percent of the AMI. SIGNED:DATE' 1-2- 11 12p2'4 Department Head GRANT SUMMARY to Council Te of Grant Appropriation bein re nested; New of an additional appropriation)! El New (for this fiscal year period). OR Additional appropriation ;(to an existing grant), 1sa draft agreement attached? Has the original grant notif caii n,been transmitted to 0 des D imo Council? N Yes F 1V0 Name of Grant Program: Housing Trust Fund (HTF) Grantor: U.S Housing and Urban Development (HUD) County Grantee Department or Agency; Office" of Housing and Community Development (ORCD) County Grantee Contact Person: Royce Shiroma Phone Number; 961-8379 Amount of Grant; :137,592.00 Grant Period (Commencement & Completion); m024-2028 Purpose of Grant; The HTF Prograrn. funds are used to produce affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of .non -luxury housing with suitable amenities. These funds primarily assist families that meet the requirements of extremely low- income of 30 percent of the AMI Funding Source: Federal N ederal, passed -through state OState 'elf Federal; passed -through state, provide Federal Agency: U.S. Dept. of Housing and Urban Dev. (HUD) County Match required?; ❑ Yes No If yes, Matching Amount? Budgeted in accountlt In-kind? Explain; Explanation; County's personnel requirements. Amount of new position(s)? Qty: Permanent: ❑ Temporary ❑, Duration: Full-time; ❑ Part time: ❑. Time Element; Qty. Contractual: Explain: Explanation; N/A Additional Comments about Grant: