BIL 300 Draft 02 2002-2004 - Laserfiche WebLink

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County of Hawaii earning 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 Housing and Urban Development for a family of four earning 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, related to "Sales to Owner-Occupants"; and c. That the applicant shall submit evidence to the County Housing Agency 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 requirements of Chapter 11, Article 1, Hawaii 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 Office of Housing and Community Development prior to the sale or occupancy of any units. R. Should the Council adopt a Unified Impact Fees Ordinance setting forth criteria for imposition of exactions or the assessment of impact fees, conditions included herein shall be credited towards the requirements of the Unified Impact Fees Ordinance. S. An annual progress report shall be submitted to the Planning Director prior to the anniversary date of enactment of the ordinance. The report shall include, but not be limited to, the status of the development and the extent to which the conditions -9-