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HomeMy WebLinkAboutREP FC 148 2026-05-04 2024-2026REPORT OF THE COMMITTEE ON FINANCE DATE: May 4, 2026 Re: Comm. No. 861/Res. No. 549-26 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 12:49 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 549-26, reports as follows: Resolution No. 549-26, transmitted by Housing Administrator Kehaulani M. Costa via Communication No. 861, dated April 10, 2026, authorizes 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. This resolution authorizes the Mayor to enter into a multi -year agreement to provide 29 vouchers for the Kino`ole Senior Residences proposed voucher project. The estimated annual cost of the agreement would be up to $550,000, with a term of up to 20 years. Committee Member Dennis "Fresh" Onishi expressed his concerns with this project and the department's lack of involvement. He stated that the conditions at this location are not ideal for the residents and could be deemed unsafe. Existing Housing Division Manager Jade Iokepa provided comments on Mr. Onishi's concerns and stated that the property is not managed by the department but by an external company, Hawaii Affordable Property, Inc. Committee Chair Matt Kaneali`i-Kleinfelder also commented on Mr. Onishi's concerns. He stated that he can understand why Mr. Onishi is hesitant to approve this today. Ms. Iokepa stated that she would be willing to schedule a meeting with Mr. Onishi to discuss any feedback he has received about this facility. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 549-26, and recommends its adoption. iu, AYES NOES ABS EX GALIMBA X HUSTACE X INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X KIMBALL X ONISHI X VILLEGAS X Respectfully submitted, COMMITTEE ON FINANCE MA KANEA I`I-KLEINFELDER, CHAIR FC REPORT NO.: 148 ADOPTED: MAY 2 0 2026