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HO'OMALU AT WAIKOLOA 201 H APPLICATION PG. 13 <br /> I. Hawaii Housing Finance and Development Corporation <br /> 201H Application Form <br /> Summary Sheet <br /> L INFORMATION: <br /> APPLICANT NAME: Stanford Carr Development, LLC <br /> PROJECT NAME: Ho'omalu at Waikoloa <br /> IL Income and Affordability Restrictions <br /> Applicant commits to set-aside units based on the following income and affordability restrictions. <br /> Complete the chart below. <br /> Affordable Units <br /> Restricted at%of AMGI* Number of units Percent of total units <br /> Up to 30% of AMGI 12 units 5 % <br /> 31-60% of AMGI 149 units 65 % <br /> 61-100% of AMGI 68 units 30 % <br /> Total Affordable Units 229 units 100% <br /> Market Rate Units 0 units 0 % <br /> Total Number of Units 229 units 100 % <br /> *AMGI=Average Median Gross Income <br /> III. Length of Affordability Commitment <br /> How long will your project commit to affordability restrictions and program compliance? <br /> Please note that each County may have specific affordability terms that should be adhered to in accordance <br /> with the applicable oridnances. <br /> 65 Years <br /> IV. Occupancy Type <br /> Indicate the number of units allotted for each of the following: <br /> Family 217 Elderly* Homeless <br /> Tenants with Special Housing Needs 12 <br /> (Refer to the definition of Elder or Elderly Households as defined in Act 64, Session Laws of <br /> Hawaii 2002. Describe the Special Housing Need of the tenants below) <br /> Accessible/ Handicapped <br /> Form 20111-001,01/29/2021 Page 1 <br />