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HomeMy WebLinkAboutREP FC 101 2020/01/07 2018-2020 PORT OF THE COMMITTEE ON FINANCE DATE: January 7, 2020 Re: Comm. No. 685/Res. No. 458-20 PLACE: Council Chambers Hilo, Hawaii TIME: 11:10 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance,to which was referred Resolution No. 458-20, reports as follows: Resolution No. 458-20, transmitted by Finance Director Deanna S. Sako,via Communication No. 685 dated December 20, 2019, authorizes the Mayor to enter into a multi-year Housing Assistance Payment Contract with Ainakea Senior Residences, LLP, owners of Ainakea Senior Residences, for the Section 8 Project-Based Voucher Program as offered through a Public Notice dated July 26, August 2 and 9, 2009. This resolution requests the Council to authorize the extension of the initial master agreement to February 28, 2030, to continue providing rental assistance for up to 29 eligible elderly participants. Council Member Herbert"Tim"Richards, III, noted a strong support of this resolution. He stated Section 8 is what flags the need of housing. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 458-20, and recommends its adoption. dmm AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID X COMMITTEE ON FINANCE EOFF X KANEALI`I-KLEINFELDER X KIERKIEWICZ X LEE LOY X POINDEXTER X MAIL,E MED OS DAVID, CHAIR RICHARDS X FC REPORT NO.: 101 VILLEGAS X ADOPTED: JAN 2 2 2020