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<br /> affordable housing policy, and is thus exempt from area mitigation requirements pursuant to this <br /> <br /> proposed section. <br /> 5. Exempts projects which earn two times, as opposed to three times, the number of <br /> affordable housing credits otherwise required by Chapter 11, County affordable housing policy. <br /> Anew clause is added to make it clear that although the developer has to earn two times the <br /> number of affordable credits in order to be exempted from concurrency requirements, the <br /> developer will still earn excess credits based on the number of credits which would normally <br /> have been required. According to the planning director, the affordable housing proposed from <br /> the private sector in West Hawaii is predicated on the use of excess credits to subsidize the <br /> affordable units. <br /> 6. Eliminates the requirement for the water system to be provided by the developer. <br /> According to the planning director, there may be a public water project planned that will provide <br /> the water, and the Department of Water Supply may recoup capital costs from a developer not by <br /> specific contribution to that project but through the facilities charges only. <br /> Also attached is a red-lined version showing the proposed modifications to Bi11318, Draft 2. New <br /> language is highlighted, and deleted material is bracketed and stricken. <br /> Att. <br /> PH/lc <br /> <br />