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Land Trust - Pa Alii Street <br />Project Name: <br />Hale o Hawaii County - Pa Alii Street <br />Applicant: <br />Housing and Land Enterprise of Hawaii County dba Hale o Hawaii <br />County <br />Total Requested: <br />$300,000 <br />Total Funded: <br />$300,000 <br />Location: <br />Royal Hawaiian Estates, Volcano, Hawaii, District (5) <br />Land Tenure: <br />Owned by applicant <br />Project Type: <br />New Construction <br />Housing Type: <br />For -sale on leased land, Single -Family <br />Target Population: <br />Workforce <br />Length of <br />Affordability: <br />Perpetuity <br />Affordability <br />Restrictions: <br />1 Unit @ 140% Area Median Income (AMI) or below <br />---------------------------------------------------------------------------------------------- <br />Total: 1 Unit <br />Hale of Hawaii County, a non-profit organization designed as a Land Trust, requested a total <br />amount of $300,000.00 in AHP Program funds to develop one 3-bed/2.5-bath single-family <br />dwelling, unit. The unit will be available for sale to households earning between 60-140% of the <br />AMI. The affordability period for this unit will be in perpetuity. Hale o Hawaii County operates on <br />a self-sustaining: model that focuses on 'reinvesting, proceeds generated from the sale' of AHP - <br />funded property back into the construction of additional: affordable homes. <br />