COM 0699.003 2002-2004 - Laserfiche WebLink

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5. Condition P (pazagraph 1 and subpamgmphs 1-5): "The Fair Shaze reouirements as contained herein shall be waived for the proposed residential development upon the followine: a That as renresented by the Applicant 100% of the residential units constructed within the proiect area shall be sold at prices affordable to residents of the Counrv of Hawaii eamine no more than 140% of median income at the time of development More specifically. the units shall be within the then current Affordable Sales Guidelines as established by the Department of Housine and Urban Development for a family of four earnine no more than 140% of the County of Hawaii median income• b That a minimum of 75% of the units shall be made available to owner-occupant buyers in accordance with Part VI Chapter 514, HRS, relatine to "Sales to owner-Occupants"; and c That the applicant shall submit evidence to the Counri Housine Aeencv that the sales prices were within the Affordable Guidelines as established above. Should the residential unit price exceed the then current Affordable Sales Price Guidelines, the Fair Shaze reouirements shall become immediately due and payable " 6. Condition R. Deleted. 7. Condition S: "To ensure that the Goals and policies of the Housing Element of the General Plan aze implemented, a As renresented by the Applicant 100% of the residential units constructed within the proiect area shall be sold at prices affordable to residents of the Counri of Hawaii eamine no more than 140% of median income at the time of development. More specifically. the units shall be within the then current Affordable Sales Price Guidelines as established by the Department of Housine and Urban Development for a family of four eamine no more than 140% of the Counrv of Hawaii median income; b That a minimum of 75% of the units shall be made available to owner-occupant buyers in accordance with Part VI Chapter 514, HRS. related to "Sales to Owner-Occupants"; and c That the applicant shall submit evidence to the Counrv Housine Aeencv that the sales prices were within the Affordable Guidelines as established above. Should the residential unit price exceed the then current Affordable sales Price Guidelines, the applicant shall comply with the requirement of Chapter 11, Article i, Hawai`i County Code relating to Affordable Housing Policy[, provided that not less than 40% of the units in the project shall be offered for sale or rent at a price range that makes them affordable to families earning not more than 140% of the median family income, as the affordable price level shall be determined by the Oftice and Housing and Community Development prior to the sale or occupancy of any units].