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KEEP HOUSELOTS FOR HOUSES
TABLE OF CONTENTS
1. COMMUNITY MEMBERS: OPPOSE-NEUTRAL-SUPPORT
2. SIDNEY FUKE'S MAP
3. IVAN MOCHIDA'S PROPERTY TAX-SALE AMOUNT
4. SAMPLE FINANCING
5. HONOLULU ADVERTISER'S ARTICLE ON HOUSING
KEEP HOUSELOTS FOR HOUSES
OPPOSE PROJECT
1.663A LEILANI ST. JENNIFER CARDINES*
2.663B LEILANI ST. MICHAEL CERBINO*
3. 690 LAUKAPU ST. GERMAINE MURPHY
4.687 LAUKAPU ST. PHETHLAVANH PHANPHONGSA
5.716 LEILANI ST. KIMIKO HAMANO/CLYDE HAMANO
6.705 LEILANI ST. DR. DOUGLAS CHANG
7.719 LAUKAPU ST. LYDIA/MELVIN TELLIO
8. 728 LAUKAPU ST. JOHN/KEAHI KAHIAPO*
9.729 LAUKAPU ST. PATRICIA/LLOYD NEKOBA
10.728 KALANIKOA ST. PATRICIA GROSSMAN
11.732 KALANIKOA ST. SEAN GROSSMAN
12. 747 LAUKAPU ST. CLYDE/VICTORIA ABE
13. 757 LAUKAPU ST. PATRICIA TOYAMA/MIRIAM HAMAKAWA
14.741 HINANO ST. RANDY/ABIJEAN OKIMURA
15.737 HINANO ST. JUAN BUSTAMANTE
16.747 HINANO ST. SAM ALAPAI
17.768 LAUKAPU ST. SHIGEKO YABE
18.768A KALANIKOA ST. JOY CARVALHO
19.768 KALANIKOA ST. DALE CARDOZA
20.781 LAUKAPU ST. LANCE/AMY ABE
21.417 LANIKAULA ST. JOY KIMURA
22.411B LANIKAULA ST. TRINIDAD MANARPAAC
*RENTERS
NEUTRAL
1.455 LANIKAULA ST. NST
2.459 LANIKAULA ST. NST
3.481 LANIKAULA ST. EDWIN KOZOHARA
SUPPORT
1. LEILANI ST. JOJI OSHIMA
2.690 KALANIKOA ST. THOMAS HIRANO
3.711 HINANO ST. ERLINDA ZAPATA
4.729 HINANO ST. LAWRENCE BELBERDE
5.737 LAUKAPU ST. LES ABURAMEN
6.740 KALANIKOA ST. STANLEY HARA
7.750 KALANIKOA ST. DIANE HARA
8, 758 KALANIKOA ST. KIYOSHI TAKEMOTO
9.768 KALANIKOA ST. JOHN CARVALHO
10. 777 KALANIKOA ST. KIRINO MURAOKA
11. 767 LAUKAPU ST. EDWARD HIRAYAMA
RS-10 RS 10 RS 10 N RS-10 MCX-20
SINGLE FAMILY
RESI EN IAL-10,00 SQ. FT. (RS-10)TO a RS-~o
.FAMII
x
D S . FT RM-2.5 y
RS-10 61',$0 Q. FT. i `y. R -10 ML 20
RS 10 R
LEILANI ST
I
RS-10 RS 110 RS-10 RS- 6 RS110 R f0 ML-20
fa 20
5
I y
~ 5 -1~ I ML-10
RS- 0
_ do
R -10 I MCX-20
e
1{ RS'N' MCX-20
~ f ML-10
RS-10 R RS 3...
E LANIKAULA ST
I II
RS-10 ~10
ML-10
ML-10 RS-10 MCX-20 !
ML4p 41 R5~10 ~ ~ ML-10
Supportive; Neither Supportive nor Opposed
Contacted; No Response
Not Contacted
Opposed
MK: 2-2-035 32 S 103 Date: June 20, 200
EXHIBIT "A" (Ivan Mochida:1197)
RS-10 RSL'0 N
I RS-10 MCX.207 I
1
SINGLE~FAMILY
N g z RS
RESIDENVAL-10,000 SQ. FT.,(RS•10) TO
MW TIPLE-FAMI
-
FT
REND 0 S Q.
67.500 SQ. FT.R RS-10 ML-20
_ LEILANI ST M
RS-10 RS-10 0 R510 ML-20
i 85 + i
i
i
J y '
Il~~ ' iiilM ~ .10 x-20
RS40
- - ---1
R$40 MCX-20I
I i
j
ML-20 MCXffi %
RS-10 -tU R
I
E LANIKAULA ST I
RS-10 ( RS-10 ML-10
1 RS~+. ~ ~ t
` _ I RS-10 MCX-20 -I
ML-20
I
I
Supportive; Neither Supportive nor Opposed
Contacted; No Response
i Not Contacted
wo Opposed
NEUTRAL
EXHIBIT...
220361020000
740 LAUKAPU STREET MOCHIDA IVAN S TR
Sales
Instrument Sale Transfer Certificate Instrument Land Court Recordation
Date Amount of Tide# # Doc# Date
1220/2001 $60,000 02-012699 01/25/2002
09/0612000 01-115706 07/26/2001
06/02/1995 0000000000
Data Last Modified : 11/3/2006
DISCLAIMER
This site was designed to provide quick and easy access to real property
tax assessment records and maps for properties located in the County of
Hawaii and related general information about real property tax procedures.
Listed information does not include all of the information about every
property located In this County. Information and answers to the most
commonly asked questions from members of the general public have been
provided. The information on this site is subject to daily changes; time
permitting, we normally refresh the data on this site on a weekly basis. All
of the information listed on this site was prepared exclusively for tax
assessment purposes. Users must understand that the property Information
and descriptions may change at any time. Persons using this data should
NOT rely upon this information in formulating important decisions that
affect their financial future nor should this information be considered as
leaal documentation. No warranties expressed or implied. are Droyided fOr
the data herein its use or its interpretation. Utilization of the search facility
indicates understandina and acceptance of this statement by the u er
Thank you.
IAA Updated: 1113/2006
Printed on Friday, November 10, 2006, at 9:35:00 PM EST
Powered by Akanda
220361030000
754 LAUKAPU STREET MOCHIDA IVAN S
Sales
Instrument Sale Transfer Certificate Instrument Land Court Recordation
Date Amount of Title# If Doc# Date
08/2812001 $170,000 01-137285 08/31!2001
08119/1993 9300157820 09/2711993
Data Last Modified : 11/3/2006
DISCLAIMER
This site was designed to provide quick and easy access to real property
tax assessment records and maps for properties located in the County of
Hawaii and related general information about real property tax procedures.
Listed information does not include all of the information about every
property located in this County. Information and answers to the most
commonly asked questions from members of the general public have been
provided. The information on this site is subject to daily changes; time
permitting, we normally refresh the data on this site on a weekly basis. All
of the information listed on this site was prepared exclusively for tax
assessment purposes. Users must understand that the property information
and descriptions may change at any time. Persons using this data should
NOT rely upon this information in formulating important decisions that
affect their financial future nor should this information be considered as
local documentation. No warranties. expressed or implied, are provided for
the data herein. its use or its internretation. Utilization of the search facility
indicates understanding and acceptance of this statement by the user.
Thank you.
Last Updated: 1113/2006
Printed on Friday, November 10, 2006, at 9.39:20 PM EST
Powered by Akanda
Sample Financing
July 26, 2006
Purchase Price: $400,000
100% 90% 80%
Down payment: - 40,000 80,000
Loan amount: $400,000 $360,000 $320,000
Interest rate: 6.375 6.375 6.375
Amortization: 30 years 30 years 30 years
Montly loan payment:
Principal & interest 2865.65 2579.08 2292.52
Mortgage Insurance - Note 1 303.33 141.00 -
Total montly payment 3,168.98 2,720.08 2,292.52
Note 1 - This monthly payment does not include real property taxes and hazard insurance
reserves that will be required to be paid montly and included in the montly loan payment.
Est Income Requirement - Note 2 7,922.45 6,800.20 5,731.30
Est. Income Requirement - Note 3 9,172.45 8,050.20 6,981.30
Est. Income Requirement -Note 4 9,672.45 8,550.20 7,481.30
Note 1 - The mortgage insurance is .47% of the loan amount divided by 12 months for 90% financing
and .91 % of the loan amount divided by 12 months for 100% financing.
Note 2 - The loan payment for the loan anticipated plus, real property taxes, maintenance payments,
hazard insurance, any other loan or credit card payments should not exceed 40% of borrowers'
gross income. This income requirement is only based on the montly loan payment.
Note 3 - We added an additional $500 per month for real property taxes, insurance, maintenance
and other loan payments.
Note 4 - We added an additional $700 per month for real property taxes, insurance, maintenance
and other loan payments.
Note 5 - The loan pricing is based on good credit.
Developer'shocked'at
t In ' pro0 ject
low Ceres
a;
Ahough Wailuku Village's 21 affordable units at about $205,000 have drawn scant response, its market-prced offerings have been more
opular, with prospective buyers reserving about hall of the 84 units priced from $210,000 to $450,000.
lffordable-housing ers who reserved roughly half 120 percent of O'ahu's median
lffering in Hilo drew °l of 84 units offered at market income. ashim prices from $210,000 to $450,000 - Plantation Town prices range
1nlyIpotential buyer a in thettireestoryproject called fron=,500fn%2.square-foot
IS VI units with one bedroom to
BY ANDREW BIOMES . side downtown Hilo. $291,000 for 643-square-foot
Adwilws OW,ker Observers sayrbe response m units with three bedrooms.
Build affordable bowing and Wailuku Viijage's below-market "We had a wonderful re-
hey will come. r units is surprising given demand spoase to our initial call for ap-
That's what Gil Barden for moderately priced homes iii plications," Dan Davidson,
roughs But the Big island de- a state where sky-high prices Hawaii Housing Finance andDe-
eiopertwoweeksago offered 2l l have left many average buyers velopment Corp. executive di-
ets at county-defined afford- out of the market rector, said in a statement sa-
ble prices as part of a I05-unit And judging from other af- -DOuncing the Saks launch
lilo condominium project, and ) fordable condo projects sold On Itaua i, D.R. Horton's
n1Y one poteridalbuyer signed N 1 around the state recently, Bar- Schuler Division in early Sep-
P_ den's experience is unusual. tember released 30 afford-
"Shocked" is how Barden de- last month on Oahu, Was able townhouse units priced
cribed his response, adding, began for a planned 330-unit af- at an average 5280,000 for buy-
We haven't had F very strong no Herwhaa Adv.*., fordable bowing condo on state ens earning up to 140 percent of
eaction from the affordable laadin Waipahu called Planta- the county median income.
ommunity" housing standards that Barden tion Town Apartments. The About 70 applications were re-
The 2lone-bedroom, units are volunteered to meet project received an initial re- ceived, and 20 units have sold to
vailable for about 5205,000-a Interest was dramatically sponse from 80 prequalified
rice within county affordable- stronger from prospective buy- buyers earning no more than SEE WAIWKU, 04
C4 Monday, October 30, 2006 The Emolalu Advertiser
Wai1u~~'
CONBNUED FROM C1
date via lottery.
"We've had real strong de-
mand," said Mike Jones, Schuler . i,
Division president.
On the Big Island in Kona, de-
veloper Westpro Holdings held a
lottery for the 108-unit Seascape
affordable condo project in July
and received 300 entries.
Seascape units with two bed- end. "lbere are units at each end at market prices to anyone.
too=, two bathrooms and about of the spectrum," he said. Typically, under county rules
1,000 square feet of space are Barden said he initially wanted mandating 20 percent below-
selling for $284,600 to buyers to develop Wailuku Village as a market units for housing proj-
earning up to 130 percent of the 100 percent affordable project, ects on land rezoned for real.
county median income. but that soaring construction. denial use, unreserved afford- -
The $205,000 Wailuku Village costs made that plan financially able units after 90 days are made
condos, with about 600 square infeasible. Pricing the 21 units available for another 30 days to
feet excluding lanai, are deemed lower, he said, left the project buyers who meet income guide-
by Hawaii County to be afford- with too little projected profit lines but have previously owned
able for buyers earning $57,510, for the risk fmancW backers are a home. After that, the units can
which is 130 percent of the Big is- taking. 'There's a lot of risk," be sold to anyone at the below-
land median income for a family Barden said. "There's a fine as market price.
of two. in making a return to make the But Wailuku Gardens wasn't
Barden said be expected far project'feasible." required by the county to pro-
more response even though the observers said that Wailuku vide below-market units. Barden
units are only slightly cheaper Village's below-market units be- volunteered to offer below-mm-
than market-priced units that at- ing more moderately priced may ket units, and committed to the
tmcted a response he said was be missing the market where de- Initial 90-day sale period to qual-
above his expectations. wand is greatest ified buyers.
Jeremy McComber, a Hawaii "You take real working local For offering below-market
County housing and communal- people, the real supply and de- units, Barden received expedited
ty development specialist, said mand price is $150,000," said Big permitting. And for each below-
he hopesinterestinWailukuVd- Island broker Bob Riley, of market unit sold, he will receive
lage's below-market units picks Hawaii Land Realty Corp. credits he can sell to other devel-
up. "I know there is a need for it,* "There's none around for that." opera wanting to satisfy afford-
he said. Riley said older single-family able housing requirements. But
McComber said that befo[ harness in outlyingxreas:around Barden said his main motivation
last year, relatively little afford- Hilo can be found for. close to was to help average buyers.
able housing was produced in $200,000; which may be core- "I consider myself a commu-
Hilo because developers man- petin~CVjtAWailukuVdlage'she- nity developer, and Iwanted to
dated to provide affordable boss- low-marks[ units. give back to the community; be
iag could instead pay a fee that - said. "Its actually good for us
LOW-PRIdED HILO,MARKIST+
represented a fraction of the cost' (financially) if,(the affordable
to build the homes. According to wall Informs. units)"don't Sell."
Regulations changed last year Sion Service, the median gale Barden, president of pacific is-
to encourage more affordable- price,.of older previously owned land Investments LLC, is prima-
housing production, and in the Hilo' condos -ranged from rily a singlrftnifyhome builder
July 2005-June 2006 fiscal year, $100,000 to $177500 in the past who has developed about 25
170 affordable units were slated o months homes on the Big Island is the
for development but have yet to Hilo ako is a market dominaC, past two years: r
be completed. ed by large-lot single-family The developer partnered with
homes, m opposed to condos California-based Invest West Fi-
DEflNING'AFFORDABLE' Vila ametilties and midintnance sandal Corp to develop waikilat
under county rules, develop- bu'k Njitt~,.'~f`"ef Aaliyard Village, Raider's firstmultifemily
ers mandated to provide afford-f-pace In bBazdea and'h'bAa• project Barden and Invest West
able units may choose to selC;0f0ciWsay Wailuku Vitl ViS in January bought the land fox -
them within a price range the fast majornewcondo project Wailuku Village, a 44-ame site
that's affordable to buyers earn- for Hilo-inxoughly thin decades, previously planned for a B3-unit
ing 60 percent to 140 percent of Another possibleeliollenge for retirement condominium with
the median income. selling Wailuku Vallage's below- assisted living services by de-
The federal Department of market units may'-be the re- veloper Maryl Group in the mid-
Housing and urban Develop- quirements,' which include sub- 1990s.
ment regards "very low" income mitring tax returns; with a put- The Maryl project, called Ly-
as being 50 percent of the medi- chase application; being a fast- man Gardens, had called for one-
an, and "low" income as 80 per- time home buyer apafi not ex and two-bedroom condos for sale
cent of the median. The median reeding income hmnf. `6'm to scants <$129,ME 8,010
is a point at which half the em*, Barden said about 80 prospers us an, sted-
ployed population earns more , uve buyers sought applicatims ' g'set ces Byt a deflating )
and half less. but only one reservation was real estate'4Carlretombined wi
McComber said most devel- made to participate in alottery to buyercancellahons led Maryl tp-
opera who must provide afford- buy the below-market units. abandon the project in 1998.
able housing opt to sell units IfBardendoesn'treceiveressr-
at the upper end of the range, vations for all below-market units Reach Andrew Gomes atogomes
though some nonprofit develop- after 90 days, he plans to make @honcluluadvertiser.com or
ers provide units at the lower any unreserved units available 575-8065.
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