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3- B-07. 4:SOPM:~B055?8346? :18095293563 ~ 5/ ~ <br /> County of Hawaii, County Council Page 3 <br /> Affordable Housing Requirements for Industrial Develoyments <br /> z. Government Financing--(infrasfructure, tax credits, public housing). <br /> Government plays the role of actual developer in CIP For infrastructure or public <br /> housing. Government also assists in providing tax credits for affordable housing <br /> projects. <br /> <br /> 1 <br /> <br /> i <br /> Any policy developed on affordable housing should consider all of the elements that are <br /> interconnected and that influence the housing market. Focusing on one element without <br /> considering the others, or focusing on one segment of the market, will not lead to a <br /> ! sustainable affordable housing policy. Furthermore, policy makers should be aware of <br /> the impact of housing exactions in a growing and stagnant economy. It wasn't too long <br /> ago when there was an oversupply of housing because of the depressed economy. <br /> There is no simple solution to the problem; however, if the goal is to have more product <br /> (housing) built, one suggestion would be to launch various initiatives to address some of <br /> the problems identified in each of the elements. <br /> We appreciate the opportunity to express our opposition on this matter. <br /> Y <br /> i <br /> t <br /> I <br /> i <br /> I <br /> <br />