HomeMy WebLinkAboutRES 549 Draft 01 2024-2026A RESOLUTION AUTHORIZING THE PAYMENT OF FUNDS FROM LATER FISCAL YEARS TO ENTER INTO A MULTI-YEAR HOUSING ASSISTANCE PAYMENT CONTRACT WITH THE PROPERTY MANAGER OF AN AFFORDABLE HOUSING
PROJECT SELECTED BY THE OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT FOR THE PROJECT-BASED VOUCHER PROGRAM.
WHEREAS, Section 10-11 of the Charter of the County of Hawai‘i (hereinafter “the Charter”) provides, in part, that “any contract, lease or other obligation requiring the payment of funds
from the appropriations of a later fiscal year or of more than one fiscal year shall be made or approved by resolution”; and
WHEREAS, the purpose of the Project-Based Voucher program is to encourage property owners or managers to make rental housing units available to low-income families that are not within
current housing fair market rents; and
WHEREAS, under the Project-Based Voucher program, the Office of Housing and Community Development (hereinafter “OHCD”) will attach a Section 8 Housing Assistance Payment Contract to
existing structures; and
WHEREAS, through a Request for Proposals process, OHCD selected the following project and number of vouchers for the Project-Based Voucher program: Kino‘ole Senior Residences (29 vouchers);
and
WHEREAS, OHCD wishes to enter into a multi-year housing assistance payment contract with the property manager of the affordable housing project hereinabove identified (hereinafter the
“Provider”); and
WHEREAS, OHCD estimates the cost of this agreement to be up to $550,000 per year, with a term of up to twenty years; and
WHEREAS, this agreement will further the overall goal of OHCD to provide for the development of viable communities in the County by providing decent housing and sustainable living environments,
expanding housing and economic opportunities, and deconcentrating poverty; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAI‘I that the Mayor is hereby authorized to enter into a multi-year agreement with the Provider and for the purposes hereinabove described.
BE IT FURTHER RESOLVED that, in accordance with Section 10-11 of the Charter, sufficient federally-derived funds be budgeted in later fiscal years to cover the anticipated obligations
of the County under the terms of the agreement.
BE IT FINALLY RESOLVED that the County Clerk shall transmit a copy of this resolution to the Honorable C. Kimo Alameda, Mayor of the County of Hawai‘i; Diane T. Nakagawa, Director of
Finance; and Kehaulani M. Costa, Housing Administrator.
Dated at _____________, Hawai‘i, this ______ day of ___________________, 20___.
INTRODUCED BY:
_______________________________________
COUNCIL MEMBER, COUNTY OF HAWAI‘I