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Hale Ola O Mohouli <br />Project Name: Hale Ola O Mohouli <br />Applicant: Hawaii Island Community Development Corporation (HICDC) <br />Total Requested: $2,000,000 <br />Total Funded: * $824,559.46 <br />Location: Hilo, Hawaii, District (2) <br />Land Tenure: State owned land conveyed to County of Hawaii via Executive Order <br />then leased to HICDC for 65 years <br />Project Type: New Construction <br />Housing Type: Rental, Single -Family, Pocket Neighborhood <br />Target Population: Family <br />Length of 61 Years <br />Affordability: <br />5 Units @ 30% Area Median Income (AMI) <br />Affordability 84 Units @ 60% AMI <br />Restrictions: 1 Manager Unit <br />------------------------------------------------------------------------- <br />Total: 90 Units <br />* Due to the limited availability of AHP Program funds, OHCD could only provide a partial award. <br />Hawaii Island Community Development Corporation (HICDC), a non-profit organization, <br />requested a total amount of $2, 000, 000 in AHP Program funds to support the development of 90 <br />single-family dwelling units in a pocket neighborhood setting. This project includes 38 one - <br />bedroom units and 52 two-bedroom units. These units will be available to households earning <br />between 30% - 60% of the AMI. The affordability period for these 90 affordable units will be 61 <br />years. <br />10 <br />