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HomeMy WebLinkAboutREP FC 102 2020/01/07 2018-2020 REPORT OF THE COMMITTEE ON FINANCE DATE: January 7, 2020 Re: Comm. No. 686/Res. No. 459-20 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. 459-20,reports as follows: Resolution No. 459-20, transmitted by Finance Director Deanna S. Sako, via Communication No. 686 dated December 20, 2019, authorizes the Mayor to enter into a multi-year Housing Assistance Payment Contract with the property owners or property managers of selected projects for the Section 8 Project- Based Voucher Program as offered through a Public Notice dated February 18 and 19, 2019. This resolution authorizes the Mayor to enter into a multi-year agreement for proposed voucher projects: Kaiaulu O Kapi`olani, Kaloko Heights, Pdpa`aloa Elderly Housing, and West Kdwili Street Senior Project. Council Member Herbert"Tim"Richards, III, said he understands that there is a maximum of vouchers that the County is allowed to have and wondered if that is being bumped up. Mr. Hosaka responded there are a little over 2,000 vouchers and have tried in the past to get more but was unable to. The County has the money, but since it's a federal program,the department is unable to get any more at this time. Mr. Richards asked if there is anything that the Council could do to assist in obtaining more, and Mr. Hosaka explained that in the past he received vouchers from Kauai, however no other County is willing to give up any of its vouchers at this time. Council Member Matt Kaneali`i-Kleinfelder inquired as to the value of the vouchers. Mr. Hosaka responded it is in the average range of$700-$800 per voucher but can vary being that it's a federally funded program. Committee Chair Maile David asked if there was a chance that the County could lose any Section 8 voucher funding. Mr. Hosaka responded that the County has to use all of the vouchers allocated or risk having to return any unissued vouchers to the Federal Government. He noted that this is the reason why the Housing department will strive for 100 percent so that nothing is taken away. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 459-20, 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 MAILE MEDEIR S DAVID, CHAIR WCHARDS x FC REPORT NO.: 102 VILLEGAS X ADOPTED: JAN 2 2 2020