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L11y __ <br /> v <br /> _ GG <br /> L H <br /> HO <br /> z <br /> W a o y df <br /> X . <br /> !01- <br /> HAJ A] <br /> 0 <br /> - -'CHANCE C3 <br /> s Y <br /> QW SIT <br /> d <br /> TTT <br /> HOMESTEA^G3 `rr SECOND SERIES _ <br /> � <br /> US l_, <br /> g <br /> a <br /> LOCATION MAP <br /> Scala:1 in.=1000 ft. <br /> Figure 2—Area Location Map <br /> 3. Statement of Objectives and reasons for the request <br /> The reason and objective for the requested change of zone is to allow for the <br /> development of a 33 single-family subdivision with lots to be sold to the general public <br /> in order to provide additional housing opportunities for island residents. The median <br /> sale price of single-family dwellings on Hawaii Island increased 20% between anuary <br /> 2021 and January 2022, primarily due to the lack of inventory. The Project Site, situated <br /> within that portion of the City of Hilo that has been long-established as a residential <br /> community, is an appropriate location to provide for additional housing opportunities <br /> for our island residents. <br /> 4. Proposed Project Details (see Figure 3 —Proposed Subdivision Plan) <br /> a. Proposed "Hikina Lani" subdivision: subdivision of 13.838-acre property into 33 lots <br /> ranging from a minimum of 15,000 square feet to just under 31,000 square feet. <br /> 2 Page <br />