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VITOUSEK: Yeah. Okay, thank you. And thank you to the applicants for their presentation. At
<br /> this time we can open it up to commissioners for, for questions. Commissioner Yates?
<br /> YATES: Yeah, I finally got a chance to ask my question. I'm wanting to know how many
<br /> affordable housing units.
<br /> FUKE: Well, first of all I'd like to-- can you hear me?
<br /> YATES: Yes.
<br /> FUKE: Yeah, it's not going to be the conventional affordable housing this is what is called like
<br /> the workforce housing. What has to happen is that the, Waikoloa Land has,has worked out
<br /> preliminary with Stanford Can Development, because of Stanford's extensive experience dealing
<br /> with the high, low, and moderate income housing. Whether he actually does the development or
<br /> not still remains to be seen.What has to happen is that after this stage if the project is approved,
<br /> Waikoloa Lands still has to work--have a separate agreement workforce housing agreement to be
<br /> executed with the County Office of Housing and Community Development Plan, and in that
<br /> agreement, it was clearly spelled out what Waikoloa Land's obligation is number one, to convey
<br /> the property to whoever that entity is whether that entity's to the County of Hawai`i or to another
<br /> nonprofit. Secondly, Waikoloa Land has already committed to provide all of the required
<br /> infrastructure. Waterline, the sewer line, and other utilities and roadway, you know, to the
<br /> property so that it would be basically waiting and, you know, ready to be developed. That
<br /> agreement with the housing, Office of Housing would also have to indicate like the terms of the
<br /> rental, how long eligibility requirements, so-on and so-forth. So, at this point in time we don't
<br /> know all of those details but rest assured that the County Office of Housing will pretty much run
<br /> heard over this entire project.
<br /> YATES: Okay, because you know, so, we're not talking about affordable housing. We're talking
<br /> about people being able, in other words, if you work you have a place to stay, so what you're
<br /> saying is that they don't necessarily, they won't necessarily have a place of their own with their
<br /> families with them. It'll be like, you know, like back in the day when you used to work for the
<br /> different hotel chains they used to have employee housing. So, this is what you're saying. So, it's
<br /> not necessarily affordable housing for people who work down there at Waikoloa. Is that correct?
<br /> FUKE: It's pretty much going to be like, you know, at an affordable rate because, as I mentioned
<br /> earlier, the developer is committed to having an affordable rate and what that rate is would have
<br /> to be you know decided upon by the Office of Housing. You know, the developer is not looking
<br /> for any affordable housing created so-on and so-forth, but--
<br /> YATES: Okay. So, this here, so this here that talks about a development of 25 Single-Family
<br /> Residential lots, related infrastructure, etc, and then there's also a 900 Multi-Family--. Oh well,
<br /> that's different,but having—so, it's not actually. It's just a place that they can stay when they're at
<br /> work.
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<br /> EXHIBIT D
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