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HomeMy WebLinkAboutREP FC 050 2016/02/16 (2014-2016) REPORT OF THE COMMITTEE ON FINANCE DATE: February 16, 2016 Re: Comm. No. 661/Res. No. 392-16 PLACE: Council Chambers Kona, Hawai`i TIME: 10:00 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 392-16, reports as follows: Resolution No. 392-16, transmitted by Finance Director Deanna S. Sako, via Comm. No. 661 dated January 28, 2016, authorizes the Mayor to enter into a multi-year Housing Assistance Payment Contract with Mohouli Senior, Phase 3, LLLP, owner of the Mohouli Heights Neighborhood Project Phase 3 Project, selected for the Section 8 Project-Based Voucher(PBV) Program as offered through a Public Notice dated August 16, 23, and 30, 2015. The purpose of the PVB Program is to encourage property owners to make available rental housing units to low-income families that are not within the current housing fair market rents. The Office of Housing and Community Development would like to assist 30 units in the County under the funding available for this purpose. Council Members Greggor Ilagan, Dennis "Fresh" Onishi and Danny Paleka attended from Hilo Council Chambers, and Council Member Dru Mamo Kanuha was absent and excused. A motion was made to amend the title of the resolution by deleting a duplicative reference to "of the," and was voted on and approved with 8 ayes. Mr. Kanuha was absent and excused. Ms. Sharon Hirota, Office of Housing and Community Development Specialist; and Mr. Jeremy McComber, Development Manager of the Hawai`i Island Community Development Corporation, both came forward for questions and comments. Several Council Members commented and raised questions. Ms. Hirota gave an overview, explaining that this agreement allows the County to contract with the developer for 30 elderly housing units for those who are eligible. She further explained that this partnership with the developer ensures that affordable units are available for fifteen years, and that the Housing and Urban Development Corporation puts out a standardized fair market rent amount, which amount cannot be exceeded in order to be eligible. Pursuant to Section 46-7, Hawai`i Revised Statutes, County departments must obtain the consent of the Council to enter into agreements with the Federal or State governments or any other public body or FC Report No.: 50 FC-50 Page 2 February 16, 2016 bodies respecting action to be taken pursuant to any powers granted by law to furnish, expend, and receive any funds or other assistance in connection with projects being or to be undertaken pursuant to those powers. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 392-16, as amended to Draft 2, and recommends its adoption. wb AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X ILAGAN X KANUHA X ONISHI X PALEKA x KAREN EOFF, CHAIR POINDEXTER x FC REPORT NO.: 50 WILLE x ADOPTED: MAR 0 2 2016