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COM 1079.000 2020-2022
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COM 1079.000 2020-2022
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Last modified
9/1/2023 2:01:40 PM
Creation date
10/21/2022 9:22:20 AM
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Communications
Communications - Type
COM
Communications - Council Term
2020-2022
Communication
1079
Point
000
Author
Susan K. Kunz, Housing Administator
Communications - Referred To
PC
Document Relationships
AGE COUNCIL 2022-11-16 2020-2022
(Related To)
Path:
\Council Records\Agendas\2020-2022\Council
AGE PC 2022/11/01 (2020-2022)
(Related)
Path:
\Council Records\Agendas\2020-2022\Planning Committee (PC)
REP PC 083 2022/11/01 (2020-2022)
(Related)
Path:
\Council Records\Reports\2020-2022\Planning Committee (PC)
RES 599 Draft 01 2020-2022
(Related)
Path:
\Council Records\Resolutions\2020-2022
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HO'OMALU AT WAIKOLOA 201 H APPLICATION PG.37 <br /> G) Project Schedule <br /> Indicate the approximate dates for the following: <br /> Milestones: Date <br /> Approval of 201H Variances 11/18/2022 <br /> Projected Building Permit Date: 10/11/2023 <br /> Closing of Construction Financing: 4/2/2024 <br /> Construction Start Date: 4/3/2024 <br /> Projected Occupancy Permit Date: 5/6/2025 <br /> Placed in service date 4: 1/6/2026 <br /> Achievement of occupancy for 100% of the units5 7/24/2025 <br /> Achievement of 95% stabilized occupancy6 4/1/2026 <br /> Snbmit Exhibit 19. <br /> H) Additional Questions <br /> Please address these questions on a separate page. <br /> 1. Describe the design features (i.e., larger bedrooms, wider hallways, etc.) you are including in <br /> your project. How will these features address the health and safety concerns of the <br /> owners/tenants? How will these features enhance the project's ability to meet the target <br /> population's needs? <br /> The Ho`omalu at Waikoloa project is envisioned to target a wide range of household <br /> incomes, with 161 units serving up to 60% AMI and the remaining 68 units serving <br /> up to 100% AMI. This will be achieved by economies of scale allowing deeper <br /> affordability, down to 30% AMI. The location - within Waikoloa Beach Resort - and <br /> its proximity to jobs, will enhance the lives of the workforce households we are <br /> targeting. Less commuting means more time with family and less time on the <br /> bus. One-, two- and three- bedroom plans will be offered at varying levels of <br /> affordability and family sizes. <br /> All units will be equipped with living room and master bedroom AC, a range, <br /> refrigerator, disposal and built-in microhood. Kitchens and baths will have modern <br /> solid surface countertops and low-flow plumbing fixtures. <br /> 4 Developer's estimated declaration of tax year, based on completion times and turnover. <br /> e Date at which the project is expected to have leased all the units in the project at least once. <br /> s Date at which 95% of units at the project is expected to have been paying rent for 10 weeks. <br />
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