BIL 314 Draft 01 2004-2006 - Laserfiche WebLink

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COUNTY OF HAWAII STATE OF HAWAII BILL NO. 314 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 11 (HOUSING CODE) OF THE HAWAII COUNTY CODE 1983 (1995 EDITION), AS AMENDED BY ORDINANCE OS-23, BY ADDING A NEW SECTION TO SECTION 11-5(c) TO PROVIDE FOR AFFORDABLE HOUSING CREDITS FOR THE CONSTRUCTION OF RENTAL UNITS AFFORDABLE FOR QUALIFIED HOUSEHOLDS EARNING 100 TO 120% OF MEDIAN BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Section 11-5(c), Article 1, Chapter 11 (Housing) of the Hawaii County Code, is amended to read as follows: (c) Affordable housing credits. The developer shall earn affordable housing credits as follows: (1) Sale of completed dwelling units affordable for qualified households earning 120-140% of median: 0.5 credit[s] per unit; (2) Sale of completed dwelling units affordable for qualified households earning 100-120% of median: 1.0 credit[s] per unit; (3) Sale of completed dwelling units affordable for qualified households earning 80-100% of median: 1.5 credits per unit; (4) Sale of completed dwelling units affordable for qualified households earning less than 80% of median: 2.0 credits per unit; (5) Construction of rental units affordable for qualified households earning 100-120% of median: 0.5 credit per unit; [(5)](~ Construction of rental units affordable for qualified households earning 80-100% of median: 1.0 credit[s] peFUnit; [(6)](7) Construction of rental units affordable for qualified households earning 60-80% of median: 1.5 credits per unit; [(7)](~ Construction of rental units affordable for qualified households earning less than 60% of median: 2.0 credits per unit; [(8)]~ Sale of finished lots affordable for qualified households earning no more than 100% of median: 0.5 credit per lot;