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Committee forwards nearly $2 million in federal HOME‑ARP funds for Kukini/Kuaikine Heights affordable housing
Summary
The Finance Committee forwarded a resolution and companion budget bill to accept and appropriate $1,977,568 of federal HOME‑ARP funds for the Kukini/Kuaikine Heights affordable housing project in Kailua‑Kona, covering project subsidy and administrative costs for a 100‑unit, 20‑year affordability project.
The Hawaii County Committee on Finance voted 8–0 on May 20 to forward Resolution 182‑25 and Bill 55 to the full council with favorable recommendations, accepting $1,977,568 of federally derived HOME American Rescue Plan (HOME‑ARP) funds via the Hawaii Housing Finance and Development Corporation and appropriating those funds for the Kukini/Kuaikine Heights affordable housing project in Kailua‑Kona.
The funds are intended to subsidize a planned 100‑unit rental development. Committee discussion identified the county share as $1,977,568; staff said the appropriation will be split between project subsidies (listed in…
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