Title
USE OF FUNDS RECEIVED THROUGH CHAPTER 3.35, MAUI COUNTY CODE, FOR THE KAIĀULU O HALELE‘A PROJECT (AH-20)
Description
The Committee is in receipt of County Communication 21-109, from the Director of Housing and Human Concerns, transmitting a proposed resolution entitled “APPROVING CERTAIN FINANCING STRUCTURE COMPONENTS RELATING TO THE USE OF FUNDS RECEIVED THROUGH CHAPTER 3.35, MAUI COUNTY CODE, THE KAIAULU O HALELEA APARTMENTS AFFORDABLE HOUSING PROJECT.” The purpose of the proposed resolution is to allow the Kaiaula O Halelea project to use certain financing structure components for its Affordable Housing Fund grant award.
The Kaiaula O Halelea project received a grant of $1,508,558 for land acquisition, planning and design, onsite improvements, and other related construction costs for the development of 63 rental units in Kihei, Maui, Hawaii, for households at or below 60 percent of the area median income. The project grantee was Ikaika Ohana, a Hawaii non-profit housing developer.
Status
The Committee may consider whether to recommend adoption of the proposed resolution, with or without revisions. The Committee may also consider filing County Communication 21-109 and other related action.