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HomeMy WebLinkAboutCOM 0663.000 2010-2012 'M{Y OF N... 'd;., William P. Kenoi �j :` Stephen J. Arnett Mayor • =-__ Housing Administrator Niniau K. Simmons Assistant Housing taunt of Paitiail Administrator Mire al Pausing arth (Iummnnitvr !etielupment 50 Wailuku Drive • Hilo,Hawaii 96720 • (808)961-8379 • Fax(808)961-8685 KONA: 74-5044 Ane Keohokalole Highway • Kailua-Kona,Hawai`i 96740 (808)323-4305 • Fax(808)323-4301 iv C� April 3, 2012 ::77.CD�...^ MEMORANDUM -, TO Dominic Yagong, Chair - w- ' Hawai 'i County Council FROM: iftrj FiriPete Hoffmann, Chair Hawai ' i County Housing Agen ,�1° i Li SUBJECT: Transmittal of an Ordinance amending Chapte Hawaii County Code 1983 (2005 Edition, as amended) , relating to affordable housing policy recommended for approval by the HCHA on April 3, 2012 . The Office of Housing and Community Development (OHCD) submitted an Ordinance amending Chapter 11, Hawai ' i County Code 1983 (2005 Edition, as amended) , relating to affordable housing policy for approval to the Hawai ' i County Housing Agency and received approval on April 3, 2012 . The votes for the Appropriation Ordinance are as follows : AYES : D. Ikeda, B. Ford, P. Hoffmann, B. Smart, J. Yoshimoto, A. Pilago, D. Onishi- 7 NOES: None ABSENT AND EXCUSED: F. Blas, D. Yagong - 2 Accordingly, I am requesting that the Ordinance be included on the Council agenda for action at its April 17, 2012 meeting. Comm. No. 6613 Enclosure. Ref. To: CcuM(4 ef. Date APR 0 4 2012 tar 2105hnhp EQUAL HOUSING OPPORTUNITY "HAWAI'I COUNTY IS AN EQUAL OPPORTUNITY 1(i L (I? \ PROVIDER AND EMPLOYER" 4E. Approval of amendments to Hawaii County Code, Chapter 11, to provide practicable parameters for satisfaction of an affordable housing requirement by conveyance of land. The Office of Housing and Community Development (OHCD) has drafted proposed amendments to Hawaii County Code, Chapter 11 (Chapter 11) to provide more practicable parameters for satisfaction of an affordable housing requirement by conveyance of land. These amendments were triggered by barriers in implementation of Chapter 11 - with specific regard to the appraisal value of land as it relates to market price fluctuations . Section 11-5. Satisfaction of affordable housing credits. (a) (5) Removal of the appraisal value of land as a determining factor in satisfaction by conveyance of land. Reduction of the affordable housing requirement by 50% for satisfaction by conveyance of land. ACTION: That the Hawaii County Housing Agency approve the attached ordinance and recommend its adoption by the Hawaii County Council .