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,CC&I Japanese Chamber of Commerce & Industry of Hawaii <br /> <br /> December 2,1997 e F ~ <br /> r ~ in <br /> County Council <br /> The Honorable Council Chairman James Y. Arakaki <br /> and Members of the Hawaii County Councfl <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> SUBJECT: TESTIMONY ON BEHALF OF JAPANESE CHAMBER OF <br /> COMMERCE AND INDUSTRY IN SUPPORT OF BILL 171 <br /> RELATING TO THE COUNTY AFFORDABLE HOUSING <br /> POLICY <br /> Dear Chairman Arakaki and Members: <br /> On behalf ofthe Japanese Chamber of Commerce and Industry of Hawaii (JCC&I), I'm <br /> pleased to convey support for Bill 171 relating to the County Affordable Policy. The <br /> JCC&I has consistently advocated for the elimination ofthe 60% affordable housing <br /> requirement on residential developments as in unnecessary government regulation that has <br /> adversely impacted housing and the real estate on our Island. Although Bill 171 does not <br /> eliminate the affordable housing requirement altogether, the reduction of this onerous <br /> requirement upon residential developrgent can only help to lighten the burden upon our <br /> real estate market and thereby allow the supply ofhousing to increase in response the <br /> market demand. <br /> Bill 171 also provides a mechanism by which the requirement for employee housing placed <br /> ~attrti 1G? 59 7 O Z <br /> Waiakea Villas 400 Hualani Street, Suite 20B Hilo, Hawaii 96720 ZRh Its ~ ~ ~ /tl S C= <br /> Phone: (808)934-0177 Fax:(808)934-0178 11A~ ~~~jt}~lcdu,~c_ic <br /> nt~t. D.ee~,C 3 ~ <br /> <br />