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County of Hawai'i
<br />PROJECT DATA/FINANCIAL IMPACT STATEMENT
<br />Fiscal Year 2018 - 2019
<br />Communication No. 2018-07
<br />1. DEPARTMENT AND DIVISION: Office of Housing & Community Development - Community Development Division
<br />2. DATE: 12/22/2017
<br />3. PROJECT NAME: OHCD - Kamakoa Nui Workforce Housing
<br />4. SUBMITTER: Neil S. Gyotoku
<br />5. COUNCIL BENEFIT DISTRICT(S): All
<br />6. TMK/JUDICIAL: 6-8-041:007,008/S. Kohala
<br />7. LOCATION (COUNCIL DISTRICT): 9
<br />8. TOTAL COUNTY FUNDS NEEDED THIS FY: $15,000,000
<br />9. PROJECT ELIGIBIILTY, / all
<br />that apply:
<br />❑ Land acquisition
<br />LI Infrastructure improvement
<br />E New bldg, structure, or addition
<br />10. PROJECT URGENCY/NEED, /one:
<br />❑ High 0 Med. ❑ Low
<br />0 Nonrecurring rehabilitation
<br />0 Planning, feasibility, eng., or design study
<br />❑ Information/communication tech.
<br />11. PROJECT/PROGRAM
<br />DESCRIPTION:
<br />Kamakoa Nui Community is a long awaited development serving the local work force population with affordable homes for purchase. The Kamakoa Nui Community is a Master
<br />Planned Community with a possibility of approximately 1,100 homes to be provided in the future. 91 single-family homes have been constructed and sold. The funds would be
<br />used for infrastructure costs of water, sewer, and roads and construction costs for the development of Employee Workforce Housing. This includes construction cost for single
<br />family homes and/or multifamily homes and any and all related costs necessary to complete the proiect. This proiect is vital in providing affordable housing to Hawai'i Island .
<br />12. PROJECT JUSTIFICATION & OUTCOME(S), select and/or answer all that apply:
<br />D. Repair/maintenance/replacement of
<br />facility/infrastructure/building, /if Yes: 0
<br />N/A
<br />A. Addresses public health/safety, /if Yes: ❑
<br />N/A
<br />B. Service improvements, ✓all that apply:
<br />0 Access to 0 Quality of ❑ Quantity of
<br />E. New facility/infr./bldg., /if Yes: 0
<br />Fills gap in current services for underserved area/demographic.
<br />C. Enhances environment and/or quality of life,
<br />✓all that apply:
<br />0 Preserves/Protects Env. 0 Enhances Education and Arts
<br />2 Enhances/Protects Culture 0 Promotes Economic Vitality
<br />F. Operational efficiency and leveraging
<br />opportunities:
<br />No change in operating costs.
<br />N/A
<br />Additional info: As the real estate market improves, the County of Hawai'i is positioned to develop and sell workforce homes to help meet the forecasted growth. Per DBEDT, Hawai'i County exhibits the highest
<br />projected growth rates statewide, ranging from 1.6% to 1.8% annually. This project intends to price homes to meet the needs of workforce employees with income levels of 80% to 140% of AM I. The majority of
<br />employees within this income level, which typically include employees of Resorts, the School System, Emergency Personnel, Public Sector, and the local service personnel, travel great distances to work daily.
<br />13. LONG RANGE PLANS/
<br />COMMUNITY VALUES, ✓all
<br />that apply and provide details:
<br />E Dept. Priority
<br />Provide affordable housing
<br />❑1 General Plan
<br />❑ CDP
<br />0 Other Plans
<br />Q Comm. Value
<br />Ensure affordable housing
<br />0 Admin Priority
<br />Additional info:
<br />14. CTY. MATCHING FUNDS REQ'D? ✓if Yes: ❑
<br />DESCRIBE:
<br />15. LEGAL MADATE? ✓if Yes: IJ
<br />DESCRIBE:
<br />16. SUSTAINABILITY FOCUS, /all that apply:
<br />Provide additional information as appropriate:
<br />LJ Manages growth
<br />0 Enhances education, culture, arts
<br />❑ Preserves/protects our natural/cultural env.
<br />0 Strengthens and sustains our community
<br />0 Promotes health and safety
<br />0 Fosters inter -departmental collaboration
<br />Additional info: Kamakoa Nui workforce Community will provide affordable workforce housing close to emp oyment centers for the residents
<br />17. PROJECT READINESS, ✓all
<br />that apply:
<br />❑ Project currently underway
<br />p Previously Appropriated
<br />p Staff available to manage project 0 External funds/resources ready to proceed
<br />0 Identified operating budget needs
<br />0 Can realistically encumber funds
<br />List phases already completed:
<br />Additional info:
<br />18. EXPENDITURE PHASING (X $1000):
<br />Prior Funds Allotted
<br />(not lapsed)
<br />This FY 18-19
<br />Request
<br />FY 19-20
<br />FY 20-21
<br />FY 21-22
<br />FY 22-23
<br />FY 23-24
<br />Beyond 6
<br />Years
<br />TOTAL:
<br />Planning
<br />12,216
<br />$12,216
<br />Land Acquisition
<br />Design/Survey
<br />1,698
<br />2,000
<br />$3,698
<br />Construction
<br />46,123
<br />13,000
<br />$59,123
<br />TOTAL:
<br />$60,037
<br />$15,000
<br />$75,037
<br />19. O & M COSTS (x $1000):
<br />20. FUNDING SOURCE (x $1000):
<br />Cty G.O. Bond/Other
<br />60,037
<br />15,000
<br />$75,037
<br />State Revolving Fund
<br />State CIP
<br />Federal
<br />Private (Grants)
<br />CBA (Fair Share, Park Dedication, etc)
<br />TOTAL:
<br />$60,037
<br />$15,000
<br />$75,037
<br />121
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