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Kamakoa Nui Workforce Housing - Mini Loop <br />Project Name: <br />Kamakoa Nui Workforce Housing -Mini Loop Road and Infrastructure <br />Development <br />Applicant: <br />Office of Housing and Community Development (OHCD) <br />Community Development Division <br />Total Requested: <br />$5,400,000 <br />Total Funded' <br />$5,400,000 <br />Location: <br />Waikoloa; Hawaii, District (9) <br />Land Tenure:. <br />County -owned land <br />Project Type: <br />Infrastructure (Road), providing access to 9 parcels for the <br />development of 643 residential units. <br />Housing Type: <br />For Sale & Rental <br />Target Population: <br />Family <br />Length of <br />Minimum 20 years (rental) 10 years (for -sale) with potential for <br />Affordability: <br />extension (RFP) <br />318 Units @ 60% Area Median Income (AMI) <br />Affordability <br />132 Units @ 120% AM[ <br />Restrictions: <br />193 Units @ 140% AMI <br />---------------------------------------------------------------------------------------------- <br />Total: 643 Units: 318 rental and 325 for -sale units <br />The Office of Housing and Community Development.(OHCD), Community Development Division, <br />a public agency, , requested a total amount of $5,400,000 in AHP Program funds for the <br />development of essential road and utility in enabling the development of an estimated <br />643 'housing units, which includes 318 rental and 325 for -sale units.. This initiative, "Mini Loop, " is <br />a segment of a broader infrastructure plan designed to provide access to other County -owned <br />parcels, facilitating future affordable housing development. (see attached map) Upon successful <br />infrastructure implementation, the agency intends to initiate a Request for Proposal (RFP) process <br />to identify qualified developers for the new construction phase. The affordability period for these <br />643 units will be for a minimum of 20 years (rentals) and 10 years (for sale), with the potential for <br />further extension as determined by the developer's proposal during the RFP process. <br />0 <br />