HomeMy WebLinkAboutCOM 0072.021 2004-2006 :,j /r.
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January 17, 2005
County of Hawaii
25 Aupuni Street
Hilo, HI 96720
Re: Bill 25, Revising the Affordable Housing Policy for the County of Hawaii
Council Chair Safarik and Council Members,
Aloha, I am Myles Miyasato and 1 represent the Hawaii Operating Engineers Industry
Stabilization Fund. I come before you to express my concerns on the proposed
affordable housing policy.
First of all we do need more affordable housing -anyone concerned about our residence
would agree. I too agree the 10 percent requirement and in lieu fee was too low. I do,
however, disagree with a 30 percent requirement; my concern is what will the adverse
effects be to our economy? Will this amount put the Developers out of their margins and
stop subdivision development? I feel we need to look at OUR County's situation without
trying to compare with other counties or states. Because our roadways follow the
perimeter of the island our county rarely provides water or wastewater facilities, it would
not be feasible. Before a subdivision project can begin here the expenses you incur for
water wells, treatment plants, drainage, and green belts are very costly. I hope there
was some kind of study on this 30 percent and this number is not just something out of
the sky. It would be a shame if the opposite occurred and no subdivisions get built thus
no affordable homes. The effect would be no supply for demand which equals sky
rocket prices for median income homes. Which will not depreciate only idle but what did
you just do to our young families who have been here for generations and can't afford a
home. If you vote for the 30 percent your support is for the small group of people who
have several homes and want to see the market escalated, if you vote for a
compromising requirement which encourages subdivision development that would be a
favorable vote for the majority of the Big Island.
Thank you for your time and attention to this matter.
Sincerely S~ ii~ed, `
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Myle~MiyaS~to ~ Comm. (Jo. Z• L~
Stabilizatio Representative Ref. To:P1'atw.r
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