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FY2023-24 AHP PROGRAM FINAL RANKING AND SUMMARY OF PROPOSALS
<br />FY2022 ALLOCATION $9,000,000.00
<br />FY2023 ALLOCATION $9,000,000.00
<br />Total allocation: $18,000,000.00
<br />ADMINISTRATIVE COST $675,440.54
<br />SET-ASIDE
<br />Total funds available: $17,324,559.46
<br />EXHIBIT D
<br />Rank
<br />Organization
<br />Project name
<br />Amount Requested
<br />Project Description
<br />Units
<br />District
<br />1
<br />Kamakoa Nui LP a.k.a Pacific Housing Assistance
<br />Na Hale Makoa
<br />$ 2,000,000
<br />New Construction: 140 -unit rental housing project. Targeted at households earning between 30-140% AMI. Affordability period: 61 years.
<br />140
<br />9
<br />8
<br />Corporation
<br />Big Island Bond Portfolio
<br />$ 5,000,000
<br />Affordability period: 45 years.
<br />91
<br />9 9,8
<br />9
<br />Hawaii Community Lending INC
<br />Hawaii Affordable Housing Fund
<br />$ 3,060,000
<br />Property Acquisition of Manago Hotel: 72 market units to convert into affordable workforce rentals. Targeted at households earning 140% AMI and
<br />20
<br />Various
<br />2
<br />Mental Health Kokua
<br />Manago Mauo
<br />$ 5,500,000
<br />below. Affordability period: perpetuity.
<br />72
<br />6
<br />3
<br />Housing and Land Enterprise dba Hale o Hawaii
<br />Hale o Hawaii County Pa Alii Street
<br />$ 300,000
<br />New Construction: 1 single-family dwelling for -sale on leased land. Proceeds from the sale to create a revolving fund for future affordable housing
<br />1
<br />5
<br />11
<br />County
<br />Sustaining Affordable Housing for Pahoa's Only Clean &
<br />$ 67,196.80
<br />projects. Targeted at households earning 60-140% AMI. Affordability period: perpetuity.
<br />4
<br />4
<br />4
<br />Housing and Land Enterprise dba Hale o Hawaii
<br />Hale o Hawaii County University Heights
<br />$ 300,000
<br />New Construction: 1 single-family dwelling for -sale on leased land. Proceeds from the sale to create a revolving fund for future affordable housing
<br />1
<br />2
<br />12
<br />Count
<br />County
<br />'Rina Acquisition
<br />$ 5,000,000
<br />0
<br />projects. Targeted at households earning 60-140% AMI. Affordability period: perpetuity.
<br />20
<br />various
<br />5
<br />Ho'omalu at Waikoloa LP a.k.a Stanford Carr
<br />Ho'omalu at Waikoloa
<br />$ 3,000,000
<br />New Construction: 229 -unit rental housing project. Targeted at households earning between 30-100% AMI. Affordability period: 65 years.
<br />229
<br />9
<br />6
<br />Office of Housing and Community Development
<br />Kamakoa Nui Workforce Housing -Mini Loop Road and
<br />$ 5,400,000
<br />Infrastructure Road Development: To make 643 units, including 318 rental and 325 for -sale units, accessible for future construction. Targeted at
<br />643
<br />9
<br />15
<br />Community Development Division
<br />Infrastructure Development
<br />households earning between 60-140% AMI. Affordability period: minimum 20 years (rental) 10 years (for -sale) with potential for extension.
<br />5
<br />1
<br />F7Hawaii
<br />Island Community Development Corporation
<br />Hale Ola O Mohouli
<br />$ 2,000,000
<br />New Construction: 90 unit rental housing project. Targeted at households earning 30-60% AMI. Affordability period: 61 years.
<br />90
<br />2
<br />Total units added/impacted: 1176
<br />Rank
<br />Organization
<br />Project name
<br />Amount Requested
<br />Project Description
<br />Units
<br />District
<br />Rehabilitation: 91 existing affordable units at 3 different properties (Kapaau, Waikoloa, and Kona). Targeted at households earning 30-60% AMI.
<br />8
<br />Big Island Bond Portfolio a.k.a Ahe Group
<br />Big Island Bond Portfolio
<br />$ 5,000,000
<br />Affordability period: 45 years.
<br />91
<br />9 9,8
<br />9
<br />Hawaii Community Lending INC
<br />Hawaii Affordable Housing Fund
<br />$ 3,060,000
<br />Deferred Loan Program: 20 Loans for households earning between 80-120% AMI to reduce home purchase price. Affordability period: perpetuity.
<br />20
<br />Various
<br />10
<br />Office of Housing and Community Development
<br />Residential Repair Program II
<br />$ 1,100,000
<br />Loan Program: 20 Loans for essential repairs. Targeted at homeowners earning between 30-80% AMI. Affordability period: 10 years.
<br />20
<br />Various
<br />Community Engagement Division
<br />11
<br />Pu'ula UCC
<br />Sustaining Affordable Housing for Pahoa's Only Clean &
<br />$ 67,196.80
<br />Rehabilitation: 4 existing affordable SRO units designated for clean and sober men earning no more than 30% AMI. Affordability period: perpetuity.
<br />4
<br />4
<br />Sober Living Facility
<br />12
<br />Hawaiian Community Assets INC
<br />'Rina Acquisition
<br />$ 5,000,000
<br />Acquisition & Rehabilitation: 20 units into rent -to -own units. Targeted at households earning 30-140% AMI. Affordability period: perpetuity.
<br />20
<br />various
<br />13
<br />Landco Aresc LLC
<br />Hawi Nani
<br />$ 1,053,089
<br />On/Off-site Infrastructure: For 49 vacant lots. Targeted at households earning 100% AMI. Affordability period: 10 years.
<br />49
<br />9
<br />14
<br />Ka Leo'o Na Kahuna Lapa'au 'Pu'uhonua O Hawai'i
<br />Pu'u Honua Ahupua'a - Ho'oulu Aloha Aina 'A Wakea
<br />$ 9,497,000
<br />Land Acquisition & Home kits: Acquire land and 72 premade home kits to be sold to households earning 50% AMI. Affordability period: 10 years.
<br />72
<br />1
<br />15
<br />Acquisition and Rehabilitation: 5 existing affordable rental units. Targeted at households earning between 100-120% AMI. Affordability period:
<br />5
<br />1
<br />Na Koa Development LLC
<br />Paaluhi Village
<br />$ 2,670,000
<br />perpetuity.
<br />16
<br />Sugar Rush 808 LLC
<br />2nd Street Rehab
<br />$ 100,000
<br />Rehabilitation of 2 units into affordable rental units. Targeted at households earning 100% AMI. Affordability period: 20 years.
<br />2
<br />6
<br />Land Acquisition: Acquisition of land to subdivide into lots for 150 tiny houses. Targeted at households earning between 50-80% AMI. Affordability
<br />17
<br />Stargazer Industries Inc
<br />"Ohulani" Affordable Housing Subdivision
<br />$ 1,770,500
<br />period: perpetuity.
<br />150
<br />9
<br />18
<br />Stargazer Industries Inc
<br />Manufacturing Site - Stargazer Industries Tiny House
<br />$ 937,900
<br />Land acquisition & Manufacturing site: Acquire land to develop a manufacturing factory for tiny houses. Targeted at households earning between 30
<br />0
<br />N/A
<br />Product "Wheeled" Production
<br />50% AMI. Affordability period: perpetuity.
<br />Ineligible Lehua Partners LLC - Lehua Village 1 $ 500,000.00 On/Off-site Infrastructure: For 20 vacant lots. Targeted at households earning 100% AMI. Affordability period: 10 years.
<br />Withdrawn Ikaika Ohana - Kaiaulu O Malulani $ 6,150,000.00 Withdrawn by applicant
<br />Total amount requested: $ 55,405,685.58
<br />Funded
<br />Notfunded
<br />Other
<br />Total units not added/impacted: 433
<br />
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