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Manago Mauo <br />Project Name: <br />Manago Mauo <br />Applicant: <br />Mental Health Kokua (MHK) <br />Total Requested: <br />$5,500,000 <br />Total Funded: <br />$5,500,000 <br />Location: <br />Captain Cook, South Kona, Hawaii, District (6) <br />Land Tenure: <br />Manago Hotel, Private owner <br />Project Type: <br />Property Acquisition, Converting Hotel Units into Affordable Rentals <br />Housing Type <br />Rental, Multi -family <br />Target Population: <br />Workforce <br />Length of <br />Affordability: <br />Perpetuity <br />Affordability <br />Restrictions: <br />71 Units @ 140% Area Median Income (AMI) or below <br />1 Manager Unit <br />------------------------------------- --------------------------------------------------------- <br />Total: 72 Units <br />Mental Health Kokua (MHK), a non-profit organization, requested a total amount of $5,500,000 <br />in AHP Program funds to acquire Manago Hotel with 72 market units to be converted into <br />affordable workforce rentals. The project includes 67 studios, 2 one -bedroom, and 3 two- <br />bedroom units. These units will be available to households earning no more than 140% of the <br />AMI. The affordability period for these affordable units will be in perpetuity. <br />4 <br />