HomeMy WebLinkAbout2020-09-09 County Enters into Partnership to Develop Kamakoa Nui Affordable Housing -- press release
Harry Kim
Mayor
Duane Hosaka
Housing Administrator
Roy Takemoto
Managing Director
Alisa A. Hanselman
Assistant Housing Administrator
Barbara J. Kossow
Deputy Managing Director
County of Hawai‘i
Office of Housing and Community Development
1990 Kino‘ole Street, Suite 102 • Hilo, Hawai‘i 96720 • (808) 961-8379 • Fax (808) 961-8685
Existing Housing: (808) 959-4642 • Fax (808) 959-9308
Kona: (808) 323-4300 • Fax (808) 323-4301
September 9, 2020
NEWS RELEASE
County Plans Partnership to Build Multi-Family Increment at Kamakoa Nui
The County of Hawai‘i is seeking proposals from qualified firms or partnerships to enter
into a real estate development agreement for the design, financing, construction and
management of an independent workforce housing rental project on County-owned land
in the Kamakoa Nui Workforce Housing subdivision in Waikoloa.
Between 100 and 120 units will be built in a townhome style from studios to three-
bedroom units, according to the Request for Proposals, which is available at
www.publicpurchase.com, a free website that provides nationwide bid notification for
government agencies.
The entire project shall be classified as workforce housing, which will qualify those who
make as much as 140 percent of the area median income (AMI) to rent there. While the
2020 AMI is $75,200, it is adjusted by family size; for example, a family of five may earn
as much as $126,000 and qualify for these rental homes. Renters must also work within
45 miles of Waikoloa to be eligible.
It is the intent of the County of Hawai‘i to offer a 65-year lease on this property in return
for providing independent workforce rental housing, a recreation center for residents
and adequate parking.
Because land costs are not a significant part of this project, and because utilities are
available at the property line, it is anticipated that surplus revenue may be generated
from the project. It is the intent of the County to return any share of the revenue derived
from the project into the overall Kamakoa Nui project for future increments.
Proposals will be accepted until Oct. 30, and then a panel made up of representatives of
the county and the private sector will examine the proposals and select the one that
best matches the county’s specifications.
More information may be found at www.publicpurchase.com
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September 9, 2020
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