2021-12-16 Leeward Exh D (Items 1 thru 6)

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PAISHON-DUARTE: Sure. CARR: Right now we have a tentative site plan to develop 228 units. And we would seek approval of that density through a 201H-38 process. Thank you. VITOUSEK: Are we—anybody have any more questions on the construction timeline, otherwise, we can proceed? Commissioner Yates. YATES: Not so much the timeline, the 200—well, I guess maybe—so the 228 units, you are hoping to complete it within - - - all? CARR: Pardon me? Would you repeat the question, please, Commissioner Yates? YATES: - - -yes, 228 units, you are saying that will be built, is that the total number of units and, or is it in increments, and how long, you know, how long for that? CARR: So we, it would be one phase, although the buildings will be - - - YATES: - -YATES: - - -CARR: - - - incrementally built, but once we start construction, there will be no interruptions to the completion of the project. We are utilizing a low-income housing tax credit private activity bond financing and utilizing an FHA HUD 221(d)(4)permanent financing. So, you know, to be conservative, with respect to the 201H process the hearings that we will have to go through, discretionary approvals, the archaeological inventory survey, the approvals and permitting, we are conservatively committing to within a five-year period, 2026. VITOUSEK: Okay. I think, with that, it might be appropriate to move onto the affordable housing component discussion of the matter- - - YATES: - -YATES: - - - for all 228 units to be complete? CARR: Correct. And that's an - - - start commencement of construction, Commissioner Yates. It would take approximately 18 to 24 months to complete. But we would YATES: - - - CARR: - -CARR: we would expect to see occupancies within the first 15 months from the commencement of construction, with site work and vertical construction. YATES: Thank you. CARR: You're very welcome. 10 EXHIBIT D