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Womalu at Waikoloa <br />Project Name: <br />Ho'omalu at Waikoloa <br />Applicant: <br />Ho'omalu at Waikoloa LP aka Standford Carr <br />Total Requested: <br />$3,000,000 <br />Total Funded: <br />$3,000,000 <br />Location: <br />Waikoloa, Hawaii, District (9) <br />Land Tenure: <br />Land owner Waikoloa Development Co. to convey land subject to <br />201 H approval and closing of all financing <br />Project Type: <br />New Construction <br />Target Population: <br />Workforce <br />Housing Type: <br />Rental, Multi -family <br />Length of <br />Affordability: <br />65 Years <br />Affordability <br />Restrictions: <br />12 Units @ 30% Area Median Income (AMI) <br />168 Units @ 60% AMI <br />48 Units @ 100%AMI <br />1 Manager Unit <br />---------------------------------------------------------------------------------------------- <br />Total: 229 Units <br />Ho'omalu at Waikoloa LP, a for-profit organization, requested a total amount of $3,000,000.00 in <br />AHP Program funds to support the development -of a 228. -unit workforce rental. housing. The <br />project includes 30 one -bedroom units, 168 two-bedroom units, and 30 three-bedroom units. <br />These units will be available to households earning between 30%. -100% of the AMI. The <br />affordability period for these 229 affordable units will be 65 years. <br />7 <br />