BIL 226 Draft 01 2010-2012 - Laserfiche WebLink

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(-,..?-f7...... COUNTY OF HAWAII :''.4\`"-',.-0:• STATE OF HAWAII BILL NO. 226 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 11, HAWAII COUNTY CODE 1983 (2005 EDITION, AS AMENDED),RELATING TO AFFORDABLE HOUSING POLICY. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Chapter 11, article 1, section 11-5 of the Hawai`i County Code 1983 (2005 Edition, as amended) is amended to read as follows: "Section 11-5. Satisfaction of affordable housing requirements. (a) The developer may satisfy the affordable housing requirements by doing any of the following: (1) Construct and sell affordable for-sale units on-site; (2) Construct and sell affordable finished lots on-site, but only if the entire project consists of finished lots; (3) Construct and sell affordable for-sale units off-site, but within a fifteen-mile radius of the project site; (4) Construct and rent affordable rental units on-site, or off-site, within a fifteen-mile radius of the project site; (5) Convey to the County or, at the County's direction to a non-profit entity, developable land within a fifteen-mile radius of the project site. The [ value of the ] land to be conveyed shall be [ : - •••- : : . .. . .. - . .- ] acceptable to and approved by the OHCD, with availability of road access, water, electricity, telephone service and without unusual site conditions that make it difficult to build a home, to accommodate the number of homes [ 100% of the sales price of the affordable t t ] the developer would be required to provide if its required credits were earned by selling completed dwelling units to households with a family size of four earning 110% of median income per section 11-7(a); developers conveying finished lots with road access, drainage, water, electricity and sewer when sewer lines are available, shall be entitled to a 50%reduction of the affordable housing requirement. (6) Convey to the County or, at the County's direction to a non-profit entity, infrastructure within a fifteen-mile radius of the project site. The value of the infrastructure to be conveyed shall be determined by appraisal and shall be not less than 100% of the sales price of the affordable homes that the developer would be required to provide level if its required credits were earned by selling completed dwelling units to households with a family size of four earning 110% of median income per section 11-7(a). Any infrastructure provided must be directly related to the future provision of affordable housing; (7) Obtain excess credits from another developer pursuant to section 11-15.