2006-01-20 TLava Kuakini - Laserfiche WebLink

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benefits like this. The first one was the dedication of the land at no cost for Alii Parkway but I think the one that might be a little bit confusing and Id like the Director hopefully to comment on this is that 50% requirement on the affordable housing. Because its my understanding that if the developer is only able to build, proxies out at a 140% of median income then that would imply that 100% of the units would then be in the affordable range. Am I correct in my interpretation? ALAMEDA:Director Yuen? YUEN:Thats right. At (inaudible) conditions which was a clarification made by the applicant at the last meeting is that theyll generate housing credits equal to not less than 50% of the total number of units developed. And the way the housing credits work is that the top end of what is considered affordable which is 140% of median income you only earn a half credit. So if you did all affordable at the top end then the project would have to be 100% affordable. WATANABE:I have a follow-up to that. ALAMEDA:Go ahead. WATANABE:You know, is there a way, we have that requirement in and thats great and becauseitsachangeofzoneitdoesgototheCountyCouncilforapprovalweonlymakethe recommendation as this body. But is there a way for that affordable requirement to be reduced without going to County Council in the future, if they find that economically its unfeasible? ALAMEDA:Director? YUEN:Not if its put in as a condition on an ordinance. WATANABE:So any changes to that condition would require County Council approval. YUEN:Thats right. WATANABE:Oh, thank you. ALAMEDA:Thank you Commissioner Watanabe for bringing that up. Commissioner Siracusa? SIRACUSA:Yes, Jeff last year we, this Commission approved a housing development by Suffolk and Puaa. Would you point out on the map where they are in relationship to this proposal? DARROW:Thank you Commissioner Siracusa. In, this is the area of the application that we are looking at identified with a blue dot. Just a little further south, south-east we have the location of the previous approved Suffolk Development as well as Puaa Development in this particular area. Puaa Development runs along the highway. Suffolk Investment is identified just below that area. EXHIBIT A 4