2015-2019 Revised Con Plan for CDBG-CV

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Needed units are also concentrated in the rental market rather than the ownership market.Again, the current housing market produces units for sale more efficiently than units for rent. The detail produced in this analysis will be useful in a variety of housing planning efforts in the next five years. It is relevant, reliable, and utilitarian. One conclusion of the 2011 modeling exercise supports major conclusions of every housing study and blue-ribbon housing task force conducted in Hawaii for the last twenty years—what we need is more affordable rental housing. Finally,we need to explain how each of four housing types--market level units,affordable units, special needs housing,and units for those impacted by homelessness—are treated in the Hawa'i 'i Housing Model, Market Level Units: Units needed for households with incomes above 80 percent of AMI are referred to in the housing model as "market level" housing units. It is assumed that most of those will be produced by the private sector. The model does not assume that market level housing units will be produced on schedule as they are needed. Hawai'i's housing market is marked by high prices and restricted supply. By any method of reckoning, there will be a need for units at nearly every market level for a long time to come. Affordable Units: Rental housing units intended for households with incomes below 80 percent of AMI have,for the most part, been assisted by the public sector. Failure to produce sufficient units for low- and moderate-income households will cause pent-up demand in these market segments. Affordable housing includes two types of public sector-generated housing units. The first is public housing, which includes!units developed and maintained in perpetuity by the public sector. It is "affordable" in the sense that it is available to qualified persons at below market prices. The second is government-assisted housing,which is usually produced in partnership with private sector or non-profit affordable housing developers. Government assistance extends beyond funding. Public sector programs and partnerships often involve government contributions in the form of financing, permitting, planning and zoning variances, land and many other forms of assistance. In some cases, affordable housing requires post-production services including property management and services required by residents with special needs. Public sector agencies often help pay for or subsidize those services Special Needs Housing Units: Subpopulations such as persons with special needs and their impact on housing planning are discussed later in this report. Homeless Housing Needs: By definition, homeless persons are not included in the Hawaii Housing Model. The model is built on data on households or housing units. For the first time in 2011, the Consolidated Plan HAWAII COUNTY 22 OMB Control No,2506.0117(exp,06/30/20181