BIL 080 Draft 02 2010-2012 - Laserfiche WebLink

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SECTION 2. Chapter 11, article 1, section 11 -5 of the Hawai`i County Code 1983 (2005 Edition, as amended) is amended to read as follows: "Section 11 -5. Satisfaction of affordable housing requirements. (a) The developer may satisfy the affordable housing requirements by doing any of the following: (1) Construct and sell affordable for -sale units on -site; (2) Construct and sell affordable finished lots on -site, but only if the entire project consists of finished lots; (3) Construct and sell affordable for -sale units off -site, but within a fifteen -mile radius of the project site; (4) Construct and rent affordable rental units on -site, or off -site, within a fifteen -mile radius of the project site; [(5) Pay in lieu fees to the Agency; (6 )] (5) [Provide] Convey to the County or, at the County's direction to a non-profit entity, developable land [;] within a fifteen -mile radius of the project site [, with a value determined by appraisal, that shall be credited against the in lieu fee]. The value of the land to be conveyed shall be determined by appraisal and shall be not less than 100% of the sales price of the affordable homes that the developer would be required to provide if its required credits were earned by selling completed dwelling units to households with a family size of four earning 110% of median income per section 11- 7(a); [(7)] (6) [Provide] Convey to the County or, at the County's direction to a non - profit entity, infrastructure[;] within a fifteen -mile radius of the project site [, that shall be credited against the in lieu fee]. The value of the infrastructure to be conveyed shall be determined by appraisal and shall be not less than 100% of the sales price of the affordable homes that the developer would be required to provide level if its required credits were earned by selling completed dwelling units to households with a family size of four earning 110% of median income per section 11 -7(a). Any infrastructure provided must be directly related to the future provision of affordable housing; f(8) With the approval of the administrator, construct housing on site or off site, that addresses a critical regional housing need, at least equivalent to satisfying the requirements of any sub sections (1) ('I) above, provided that the project must be located within the allowable areas for in lieu fees under sec. 11 12; (9)](7) Obtain excess credits from another developer pursuant to [sec.] section 11 -15. (b) The affordable unit or finished lot shall be completed with road access, drainage, water, electricity, sewer lines, if required, and telephone, and, in the case of finished lots, shall not have unusual site conditions that make it difficult to build a home. (c) Affordable housing credits. The developer shall earn affordable housing credits as follows: (1) Sale of completed dwelling units affordable [fer] to qualified households earning 120- 140% of median: 0.5 credit per unit; (2) Sale of completed dwelling units affordable [for] to qualified households earning 100- 120% of median: 1.0 credit per unit; (3) Sale of completed dwelling units affordable [for] to qualified households earning 80- 100% of median: 1.5 credits per unit; 2