COM 1079.000 2020-2022 - Laserfiche WebLink

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HO'OMALU AT WAIKOLOA 201 H APPLICATION PG.22 B) Applicant Organization/Entity (Check the appropriate box) ❑ Non-profit organization (Qualified, existing 501(c)(3) or (4) organization, as determined by the Internal Revenue Service) If the applicant is a Non-profit organization include Exhibit I and Exhibit 2. ® Private developer ❑ Limited Partnership ❑ General Partnership ❑ Corporation ® Limited Liability Corporation ❑ Other: ❑ Government Identify (Level of Government and Department) ❑ County Government: ❑ State Government: Department: All applicants must submit Exhibit 3 and Exhibit 4 as applicable. C) Applicant Experience Briefly describe the Applicant's experience developing and managing affordable housing projects. Include the names of the properties, type of development, number of units, location, any federal and local subsidy programs, and term of involvement. Please also include any other relevant information regarding the overall experience the Applicant has in developing or owning housing projects. Reference Exhibit 5: Housing Development Experience, in this description. Stanford Carr Development, LLC (SCD) has been developing real estate since 1990, with a primary focus in building homes for Hawaii's demographics, completing its first affordable home project Kekuilani (Kapolei Villages 4) in 1994. Since then, SCD has further expanded its capabilities to include development of LIHTC apartment rentals, including Franciscan Vistas, Halekauwila Place and Hale Kewalo in Honolulu. SCD has affiliate companies in related fields including architectural design, general brokerage, homebuilding, indemnity, and window supply/installation. SCD, together with its mainland partner, recently acquired HHFDC's six property portfolio comprising 1,221 affordable rental apartments on Oahu, Maui and the Big Island, and is currently in the process of completing an $85 million preservation and rehabilitation program. SCD has established a non-profit corporation, Komohale Services, with a primary mission to enrich the lives of its residents in affordable apartment communities by assisting them with financial literacy, health maintenance, and educational counseling. Please see Exhibit 5 for a complete list of relevant development experience.