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C. Kimo Alameda, Ph.D. <br />Mayor <br />William V. Brilhante Jr. <br />Managing Director <br />County of Hawaii <br />Finance Department <br />25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 <br />(808) 961-8234 • Fax (808) 961-8569 <br />February 21, 2025 <br />Dr. Holeka Goro Inaba, Council Chair and <br />Members of the Hawaii County Council <br />Hawaii County Council <br />25 Aupuni Street <br />Hilo, Hawaii 96720 <br />Re: Operating Budget <br />Diane Nakagawa <br />Director <br />Malia A. Kekai <br />Deputy Director <br />The United States Department of Housing and Urban Development (HUD) is requiring the <br />County to pay back HOME funds for a Habitat for Humanity Hawaii Island (Habitat) project <br />that was not finished in the required 5 years. HUD requires the funds to be utilized for future <br />HOME projects. The repayment will be made from the Affordable Housing Production account. <br />Habitat was awarded $451,221 of federal funds through the 2018 HOME Investment Partnership <br />Program. Habitat coordinated a self-help affordable housing project for two homes in the Puna <br />District. Due to extenuating circumstances, the two homes were completed after the program <br />deadline, deeming the project ineligible. The two homeowners have 0% interest mortgage <br />agreements with Habitat and Habitat will utilize payments from the homeowners to repay the <br />County over the next 30 years. <br />Enclosed is a resolution transferring funds from the Transfer to Housing Fund account to the <br />HOME Program Income Repayment account and a bill for an ordinance amending the Operating <br />Budget by reducing the Housing Fund subsidy and the Housing Production account, bringing the <br />new total to $8,548,779. <br />The Office of Housing and Community Development requests that a breach be authorized to <br />submit this resolution after the February 18, 2025 submission deadline, and to waive it from the <br />Finance Committee in order to be placed on the March 7, 2025 Council agenda. If there are any <br />questions, please do not hesitate to call Kehaulani Costa or Royce Shiroma of the Office of <br />Housing and Community Development at 961-8379. <br />(g, ��L <br />Diane Nakagawa <br />Director of Finance <br />Enc. <br />c: OHCD <br />Hawai'i County is an Equal Opportunity Employer and Provider <br />•� Res. 9i It 53 > . 4.m <br />