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Lokahi Ka'u Affordable Apartments <br /> October 16, 2007 <br /> PROJECT DESCRIPTION <br /> • The Lokahi Ka'u Affordable Apartments consists of 306 units <br /> 100% Occupancy at 60% median income <br /> Unit Configuration <br /> Studio 90 Units - 384 sq ft - $633 per month <br /> 1 Bedroom 108 Units - 640 sq ft -$667 per month <br /> 2 Bedroom 108 Units - 789 sq ft - $789 per month <br /> • Long Term Commitment to Affordability: 55 Yeazs <br /> • Energy Efficient practices: <br /> • Solar Water Heating <br /> • Low flow plumbing fixtures <br /> • Energy efficient light fixture/Compact Fluorescent Light bulbs <br /> • Drought tolerant landscaping <br /> • Photovoltaic Solar Panels in common azeas <br /> • Parks/Recreation: 4 acre park 1/4`h mile away in adjacent Lokahi Makai <br /> development <br /> DEVELOPMENT TIMETABLE <br /> • November 8, 2007 <br /> • HHFDC Tax Exempt Bond/LIHTC Initial Approval <br /> • February 1, 2008 -Construction Begins <br /> • September, 2008: 84 Units Completed <br /> • December, 2008: 48 Additional Units Completed <br /> • May, 2009: 72 Additional Units Completed <br /> • September, 2009: 102 Units Completed <br /> <br /> OPERATIONAL PROGRAM <br /> • No overcrowding, occupancy guidelines as dictated by HUD <br /> • Studio -2 person <br /> • 1 Bedrooms -Max 3 persons <br /> • 2 Bedrooms -Max 5 persons <br /> • Will accept applicants from existing County wait list subject to independent <br /> qualifications of LIHTC program <br /> Ceram: No. 708 • !o <br /> Ref. Ta rreseefe <br /> RRf. Date 6 <br /> <br />