Laserfiche WebLink
COUNTY OF HAWAII STATE OF HAWAII <br />BILL NO. 314 <br />ORDINANCE NO.06 119 <br />AN ORDINANCE AMENDING CHAPTER 11 (HOUSING CODE) OF THE HAWAII <br />COUNTY CODE 1983 (1995 EDITION), AS AMENDED BY ORDINANCE 05 -23, BY <br />ADDING A NEW SECTION TO SECTION 11 -5(c) TO PROVIDE FOR AFFORDABLE <br />HOUSING CREDITS FOR THE CONSTRUCTION OF RENTAL UNITS AFFORDABLE <br />FOR QUALIFIED HOUSEHOLDS EARNING 100 TO 120% OF MEDIAN <br />BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br />SECTION 1. Section 11 -5(c), Article 1, Chapter 11 (Housing) of the Hawaii County <br />Code, is amended to read as follows: <br />(c) Affordable housing credits. <br />The developer shall earn affordable housing credits as follows: <br />(1) Sale of completed dwelling units affordable for qualified households <br />earning 120 -140% of median: 0.5 credit[s] per unit; <br />(2) Sale of completed dwelling units affordable for qualified households <br />earning 100 -120% of median: 1.0 credit[s] per unit; <br />(3) Sale of completed dwelling units affordable for qualified households <br />earning 80 -100% of median: 1.5 credits per unit; <br />(4) Sale of completed dwelling units affordable for qualified households <br />earning less than 80% of median: 2.0 credits per unit; <br />(5) Construction of rental units affordable for qualified households earning <br />100 -120% of median: 0.5 credit per unit; <br />[(5)](6) Construction of rental units affordable for qualified households earning <br />80-100% of median: 1.0 credit[s] pet unit; <br />[(6)](7) Construction of rental units affordable for qualified households earning <br />60 -80% of median: 1.5 credits per unit; <br />[(7)](8) Construction of rental units affordable for qualified households earning <br />less than 60% of median: 2.0 credits per unit; <br />[(8)](9) Sale of finished lots affordable for qualified households earning no more <br />than 100% of median: 0.5 credit per lot; <br />