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Land Trust - University Heights <br />Project Name: <br />Hale o Hawaii County - University Heights <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 />University Heights, Hilo, Hawaii, District (2) <br />Land Tenure: <br />State owned land conveyed to County -of Hawaii via Executive Order <br />then leased to Hale o Hawaii for 65 years <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 />Perpetuity <br />Affordability: <br />Affordability <br />1 Unit @ 140% Area Median Income (AMI) or below. <br />Restrictions: <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 />