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REASONS FOR THE REQUEST <br /> ■ ACCORDING TO THE APPLICANT, AFTER SECURING THE REZONING OF THE PROPERTY <br /> IN 2010, THEY WERE CONCERNED ABOUT THE ECONOMIC OUTLOOK OF NORTH <br /> V) <br /> KOHALA RESIDENTS GIVEN THE IMPACTS OF THE 2008-2009 GREAT RECESSION AND w <br /> HAD SIGNIFICANT DIFFICULTY RECRUITING APPLICANTS WHO WERE INTERESTED IN SELF <br /> HELP HOUSING IN NORTH KOHALA AND WHO MET THE INCOME AND CREDIT uj <br /> REQUIREMENTS TO QUALIFY FOR THE REQUIRED MORTGAGE. V) <br /> ■ THIS MADE THE APPLICANT RETICENT TO BORROW THE $4 MILLION IN FUNDS TO Z <br /> CONSTRUCT THIS PHASE OF THE SUBDIVISION. HOWEVER, GIVEN THE PASSAGE OF TIME Q <br /> AND THE POST-PANDEMIC ECONOMIC RECOVERY, THOSE CONCERNS HAVE U <br /> J <br /> RECEDED, AND THE APPLICANT HAS THE FINANCING LINED UP TO PROCEED WITH THE 12- <br /> SUBDIVISION. <br /> Q <br />