|
THE SENATE |
S.C.R. NO. |
18 |
|
TWENTY-THIRD LEGISLATURE, 2006 |
S.D. 1 |
|
|
STATE OF HAWAII |
||
RESOLUTION
REQUESTING A FINANCIAL AND MANAGEMENT AUDIT OF THE CAPITAL FUND PROGRAM ADMINISTERED BY THE HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII.
WHEREAS, the United States Department of Housing and Urban Development (HUD) provides federal grants to state public housing agencies as part of the Capital Fund Program authorized by Title I of the United States Housing Authority Act of 1937, as amended, 42 U.S.C. 1437 et seq.; and
WHEREAS, these federal grants are awarded to state public housing agencies for the development, financing, and modernization of public housing projects, vacancy reduction, and management improvements; and
WHEREAS, sections 201G-15 and 201G-15.5 and part II, chapter 201G, charge the Housing and Community Development Corporation of Hawaii (HCDCH) with the responsibility of managing and investing such funds to implement federal housing programs; and
WHEREAS, the report of the Joint Legislative Housing and Homeless Task Force noted that 750 units remain vacant in federally funded public housing complexes in Hawaii; now, therefore,
BE IT RESOLVED by the Senate of the Twenty-third Legislature of the State of Hawaii, Regular Session of 2006, the House of Representatives concurring, that commencing after January 31, 2007, the Auditor is requested to perform a financial and management audit of the administration by the Housing and Community Development Corporation of Hawaii (to be known as the Hawaii Public Housing Administration on July 1, 2006) of funds received from the federal government pursuant to the Capital Fund Program; and
BE IT FURTHER RESOLVED that the Auditor is requested to include in its financial and management audit:
(1) An evaluation whether HCDCH spends the funds available to it in an efficient and cost-effective manner to reduce the vacancy rate in federally funded public housing projects in a timely manner; and
(2) An assessment and accounting of any actual or potential shortfall in the Capital Fund Program due to cost overruns in the Kalihi Valley Housing Phase 2 renovation project; and
BE IT FURTHER RESOLVED that the Auditor is requested to submit a report of its findings to the Legislature not later than twenty days prior to the convening of the Regular Session of 2008; and
BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to the Governor, the Auditor, and the Executive Director and the Chairman of the Board of Directors of the Housing and Community Development Corporation of Hawaii.
Report Title:
Capital Fund Audit HCDCH