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Finance Committee approves forwarding of $8.1M in outside AHP grants, keeps deed restrictions and reporting requirements
Summary
The Hawaii County Finance Committee voted to forward Resolution 38425, authorizing Affordable Housing Production Fund awards to four organizations totaling $8.1 million for external projects and additional internal programs; members asked housing staff for detailed budgeting and reporting on lapsed appropriations.
The Hawaii County Finance Committee on finance voted to forward Resolution 38425 to full council with a favorable recommendation, authorizing awards from the Affordable Housing Production Fund to four organizations and retaining deed restrictions on units.
Under the resolution, the Office of Housing and Community Development proposed awards including $3,000,000 to Hoamalu at Waikoloa LP for multifamily development, $200,000 to Housing and Land Enterprise of Hawaii for single-family development, $4,100,000 to Hawaiian Community Assets for property acquisition and rent-to-own opportunities,…
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