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February 24, 2020 <br /> Page 2 <br /> Homeownership is a critical part of the housing continuum. When you create <br /> affordable homeownership opportunities for our local people, they move ahead and free <br /> up existing inventory for other individuals and families experiencing or at-risk of <br /> homelessness. <br /> Our housing market is dynamic and our response needs to be equally dynamic, <br /> looking at rentals AND homeownership as well as alternative housing solutions like rent- <br /> to-own, duplexes and four-plexes, student housing, kupuna housing, tiny homes, and <br /> kauhale development. <br /> An affordable homeownership revolving fund ensures capital is available to <br /> transition rental housing revolving funded units so they can preserve affordability and <br /> transition to ownership, making rent-to-own a viable model in Hawaii. <br /> Respectfully Submitted, <br /> Harry K <br /> MAYOR <br /> County of Hawaii is an Equal Opportunity Provider and Employer. <br />