HomeMy WebLinkAboutCommunication No. 2023-10 New PAL Pepeeko PresentationALOHAPAL - Kauhale O Pepe'ekeo
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 E KOMO MAI
Communication Number 2023-10
2
Table of Contents
PAL Projects
Introduction p4
Kauhale O Kekaha p5
Kauhale O Kapa'a p6
Kauhale O Namahana p7
Kauhale O Kalāheo and Kauhale O Waipouli p8
Our Team p9
WHAT WE OWN
WHAT WE WANT TO PURCHASE
Project
Proposals
Pepeekeo Development p11
The Dragon Building p12
Alliances and Planning
Kaua‘i Affordable Housing Alliance p15
Kaua‘i Affordable Housing Endowment p16
SOLVING THE HOUSING CRISIS
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023
Financial Statements p19
ADDENDUM
CONTENTS
PAL Projects WHAT WE OWN
3
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 PROJECTS
4
PAL’s goal is to change the paradigm
from affordable housing to affordable
living. It’s housing and so much more.
True affordability includes all basic
needs — food, utilities, transportation,
healthcare and employment. Our
projects are designed to make these
essential components accessible
through location, uniquely efficient
architectural design, amenities,
education and creative service
enrichment.
Our approach is to build efficiently
and collaboratively. For example, the
PAL Construction Company allows
us to control costs and schedule
construction with an elevated level
of predictability. We also founded the
Kaua'i Affordable Housing Alliance
(KAHA) 3 years ago to bring together
for-profit and non-profit developers
across the island. KAHA works together
to coordinate resources, advocate
for efficiency and reduced burdens
to development and collaborate for a
more expansive scope and impact.
After only four years as a non-profit,
PAL Kaua‘i is already making a vital
difference Island-wide — north, south,
east, and west — and we’re not even
out of first gear yet! Generous private
donations, owner financing and
creative funding have driven many of
our projects, and we continue to work
diligently to grow our donor base and
solve the housing crisis more swiftly.
PAL's mission: To provide homes and sustainable living solutions,
within reach... restoring hope for the people of Kaua'i.
Projects across Kaua‘i
Now Expanding to the Big Island
FEBRUARY 2022
Kauhale O Kekaha
13 affordable 2 and 3 br rental
apartments in Kekaha
JANUARY 2023
Kauhale O Kapa'a
14 studio apartments in Kapa'a
Hoku Health Food Store as a tenant
Potential for additional 28 units
SUMMER 2023
Kauhale O Pu'u Wahi
17 single-family homes in Kalāheo
Co-developed with Habitat for Humanity
and Stephen Spears
FALL 2023 (Depending on funding)
Kauhale O Namahana
11 single-family homes in Kīlauea
Co-developed with Habitat for Humanity
SPRING 2024
Kauhale O Waipouli
17 housing units in Kapa'a
8 duplexes and 1 single-family home
Co-developed with Habitat for Humanity
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 PROJECTS
5
Located in Kekaha, this property was purchased in February
2022 and PAL has quickly kicked into action getting
houseless families off the street, into stable homes.
4517 Kala Rd, Kekaha MLS # 641485
An apartment interior at Kauhale O Kekaha
PAL closed escrow to purchase this building for $2.475 million, cash. There are no
liens. Current gross cash flow $25,458 per month – Potential gross cash flow at
full occupancy $27,654 per month starting in March of 2023. Rents are increased
annually. Annual allowable increases in rent are governed by Area Median Income
tables and Section 8 Fair Market Rents published by the County of Kaua'i.
Kauhale O Kekaha is a 13-unit unit (12 @ 2 br and 1 @ 3 br) affordable living
apartment community providing service-enriched housing for the houseless
population of Kaua'i. PAL takes referrals from the Coordinated Entry System,
working in partnership with Family Life Center, Women in Need, Catholic
Charities, Kaua'i Economic Opportunity, and US Vets. Kauhale O Kekaha’s goal
is to take households from houselessness to homeownership.
We are in the process of painting the buildings, installing an aerobic wastewater
treatment system, repaving the parking lot and adding more affordable living
amenities onsite, such as a solar roof, electric vehicle charging stations, low-
water use laundry facilities, a business incubation center, and a community
garden. We are also bolstering our programming to develop our Beyond
Housing Program, cover topics such as financial literacy and planning,
entrepreneurship, and small business management.
Kauhale O Kekaha
Homes for the houseless
FEATURED PROJECT
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 PROJECTS
6
Located in downtown Kapa'a, this property is central to the
principal business district on the east side of Kaua'i and
offers incredible housing and investment opportunities.
4585 Kukui Street, Kapa'a MLS # 661282
Leasehold, 99 year lease, 24 year “Known Period” with
annual payments reduced from the master lease by 25%.
PAL closed escrow to purchase this building January 25, 2023 for $3.525 million
cash. Current gross cash flow $36,156 per month – Potential gross cash flow
at full occupancy - $39,756 per month. The rents are currently below 100%
AMI. This is a free and clear diversified investment vehicle, with approximately
4,660 sq ft comprised of 14 residential rentals. The well-established Hoku Foods
market occupies over 2,748 sq ft on the first floor of the 3-story building.
It is within walking distance of 5,000 jobs, very close to the bus line, and a block
from the 13-mile oceanfront bike path making it an ideal location for singles and
couples that are struggling to find independent housing options. There is one
water meter, 2 electric meters and it is sewer connected. The leaseholders have
given PAL Kaua'i a 99 year lease, making it an incredible opportunity to house
the workforce community in a central location for decades to come. PAL has only
owned it 3 weeks. We are analyzing the affordability, stabilizing the residents,
taking care of deferred maintenance, installing a laundry and beginning to plan
for the future.
Kauhale O Kapa‘a
Diversified Investment
FEATURED PROJECT
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 PROJECTS
Kauhale O Namahana CPR Lot Plan
Rendering of the houses. Rainbows not guaranteed ;)
Kauhale O Namahana
Kauhale O Namahana, located across the street from the Kīlauea Post
Office, will include 11 single-family homes, ranging from two to five
bedrooms, with mountain and ocean views and walk-to-work and
services. The sustainable elements of the development will include solar
panels and EV-ready homes. The value-engineered homes will be built
cost-effectively by PAL Construction Company and co-developed with
Kaua‘i Habitat For Humanity.
When the homes are completed, they will be offered to families making
120% of the Kaua‘i annual median income or below, with preference
given to those already living and working in Kīlauea. Residents interested
in applying for one of these homes must take a homebuyer education
course and register with the County Housing Department's Homebuyer
Coordinator to receive a number on the list.
Due to supply chain issues, the Namahana project could be delayed by up
to one year, since the required water pipes are not available — nationally.
PAL can avoid that delay and save about $15,000 per home if we can fund
building “Turn-key” (for cash). This would allow us to build during the
delay, putting families in these homes as much as 24 months earlier.
11 affordable single-family homes under construction.
From the Ground Up
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023
7
FEATURED PROJECT
PROJECTS
Developments
Kauhale O Kalāheo
Kauhale O Waipouli
This affordable housing community in Kalāheo will have 17 single family homes.
PAL will build the 10 houses outlined in green on the lot plan.
At Waipouli, we are building 17 two-story housing units containing 8 duplexes and 1 single-family residence.
We are co-developing these projects with Kaua'i Habitat for Humanity
and Stephen Spears of Affordable Housing Kaua'i, LLC.
8
FEATURED PROJECTS
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 PROJECTS
9
Our Team
Experience and dedication with aloha.
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023
Darla Hartvigsen
Principal Broker, Equity Hawaii President, Hawaii Island Realtors
Mary Blyth
Representative, PAL Big Island
Agent, Equity Hawaii
Crystal Caday-Bargayo
Programs Director
Mindy Hoomanawanui-Sugai
Property Asset Director
William B. Chase
Construction Superintendent
Moana Waipa
Financial Controller
Stephen Spears
Project Consultant
Racquel Segato-Figueroa
Development Director
Sarah O'Rourke
Communications Director
Daniel Mettauer
Construction Associate
Jim Edmonds
CEO, Executive Director, Founder
Larry Graff
Chief Operating Officer
Taylor Kaluahine Lani
Associate Executive Director
TEAM
9
Project ProposalsWHAT WE WANT TO PURCHASE
10
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 PROPOSAL
11
28-2981 Kumula Street, Pepeekeo, HI 96783 MLS: 665489
On the Windward side of the Big Island, 8 miles North of Hilo
Kauhale O Pepe'ekeo
Proposed Project
At least 70 affordable homes for Big Island local families.
PAL has this gorgeous parcel of land in the heart of Pepeekeo IN
ESCROW. This 5.5 acre property is zoned RM-3.5, making it an ideal site
to develop at least 70 affordable living units. This property is surrounded
by a senior living complex and a larger affordable housing project. PAL
is currently analyzing the property and considering a combination of
affordable rentals, rent-to-own, units for sale and houseless transition tiny
homes.
A project like this will take years to come to fruition. PAL needs
community collaboration to make this happen. We need to raise about
$1,500,000 in funds, ASAP, that will be donated (a tax write-off) or loaned
at low interest, to the 501(c)(3) non-profit. Those funds will be
earmarked specifically for this project (or another Big Island project
should this one not be developed). That amount will cover the down
payment and carry the project through planning and design.
This stream-front location provides ocean and Hilo Bay views and is
adjacent to Kula'imano County Park, providing our beleaguered local
families and work force an inspiring community.
Call or Email Mary Blyth, PAL Big Island Representative, now, to find
out how you can help. (808) 443-7877 MaryBlyth@gmail.com
Call Mary Blyth today to find out you can help.
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023 PROPOSAL
PAL -Kauhale O Pepe'ekeo
Big Island Permanently Affordable Living
70 Affordable Units
Homes for sale, Rent-to-own, Rentals,
And Transition from Houselessness
PROPOSED PATHWAY AND BRIDGE __
TO COUNTY PARK---�
For Demonstration Purposes Only
All numbers are approximations and photos are placeholders
NOT ONLY AFFORDABLE HOUSING . . .
PAL
PERMANENTLY
AFFORDABLE LIVING ...
IT'S HOUSING AND SO MUCH MORE !
WHERE POSSIBLE PAL PROVIDES ...
AFFORDABLE HOMES
RENTALS, RENT-TO-OWN, PURCHASE
SHARED ELECTRIC VEHICLES
SOLAR POWER AND HOT WATER
ELECTRIC VEHICLE CHARGING STATIONS
"BEYOND HOUSING PROGRAM" INCLUDING
SERVICE ENRICHED ENVIRONMENT
BUSINESS INCUBATION CENTER
COMMUNITY GARDENS
EDIBLE LANDSCAPING
PAL KAUHALE O PEPE'EKEO
Big Island Permanently Affordable Living
PAL will explore the potential of a pedestrian bridge to the adjacent
Kul'imano Park, perhaps shared with the State Elderly Housing project
PAL'S MISSION STATEMENT
To provide homes and
Sustainable Living Solutions
Within reach, restoring hope
For the people of Hawaii
NEXT DOOR NEIGHBOR
Proposed Project
A well-known Commercial Building in the heart of the Kapa'a.
4504 Kukui St, Kapa'a TMK # 4-4-5-10-3
On the east shore of our beloved Kaua'i
The Dragon Building
PAL has the Dragon Buiding in escrow (offer accepted 2/4/23) for
$3,900,000, with a 5 month escrow, including 4 months to arrange
financing. The Dragon Building is located on the same parcel as the Hoku
building that we just bought. We hold the 99 year Master Lease under this
building so we are the landlords in terms of the lease. So this building will be
on the master 99 year lease.
This building is currently completely commercial. We met with the Planning
Director and will meet with the Housing Director to determine if we can
convert the upstairs two floors into residences.
We are currently analyzing how many units will be able to be put in the
upstairs area but our initial analysis indicates that we could do 18 units
at around 500 square feet per unit. That work will be handled by
PAL Construction Company.
PERMANENTLY AFFORDABLE LIVING KAUA'I PROPOSALMARCH 2023
12
Dragon Building Vision for the Future
Could be 10 years ahead
13
PERMANENTLY AFFORDABLE LIVING KAUA'I PROPOSALMARCH 2023
Alliances and PlanningSOLVING THE HOUSING CRISIS
14
ALLIANCES AND PLANNINGPERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023
15
KAHA – the Kaua‘i Affordable Housing Alliance
– was formed in 2019 and is composed of all
the affordable housing developers who build on
Kaua‘i. The nine members are both for-profit and
non-profit developers and include those who
build houses and those who develop tax credit
apartments, therefore providing for-rent and
for-sale units. Members of KAHA have already
brought about lasting change, with over 1,350
affordable units on Kaua‘i and thousands more
across the state. We are:
Kaua'i Habitat for Humanity
PAL Kaua'i
Housing For All
Kaua'i Housing Development Corporation
Affordable Housing Kauai LLC
AHE Group
Mark Development, Inc
Sovereign Council of Hawaiian Advancement
EAH Housing
Members of KAHA communicate regularly and
collaborate on projects as opportunities arise.
For example, Kaua‘i Habitat and AHE Group are
collaborating on a project in Waimea — AHE
Group has already completed 35 apartments
and Habitat is currently building 32 homes.
Habitat and PAL Kaua‘i will co-develop 17 units
in Waipouli and are negotiating co-development
of 11 units in Kīlauea. Various members are
analyzing coordination on 5 other projects,
which could soon result in about 400 new units.
While we can continue to put band-aids on the
housing crisis, KAHA came together to combine
expertise and determination, and to analyze
every option. From this, the Kaua‘i Affordable
Housing Endowment evolved — a solution to
end this tragedy once and for all.
Working togetherto solve a crisis
KAUAʻʻ'I AFFORDABLE HOUSING ALLIANCE
How can we solve the severe housing
shortage on Kaua'i?
Prepared by KAHA
1. Set Up Funding Sources — Easiest to solve and, by far, the most
important step. See Kaua'i Affordable Housing Endowment
a. Fund the Kaua‘i Affordable Housing Endowment with the
specific focus of solving the severe housing shortage on Kaua‘i
within 12 to 20 years
2. Streamline cost, financing and availability of land and its
proximity to zoning and infrastructure and attain dependable,
effective coordination among the following parties:
a. Major landowners, including the State and County
b. Planning Department and Land Use Commission, for zoning
c.Departments of Water, Public Works and Health, for
infrastructure
3. Utilize Cost Savings and Creative Financing of Infrastructure.
a. Special purpose bonds (Tax Increment Financing or TIF)
b. Alternative infrastructure options
4. Reduce Cost of Construction. Standard (not high-end)
construction costs on Kaua‘i range from $400 to $1250/SF.
Support for sustainable, truly affordable builders must be
enhanced.
a. Kaua‘i Habitat – about $150/SF
b. PAL Construction – about $225/SF
c.Therefore, costs run about $550,000 per unit, including land
and horizontal
5. Resolve Permitting Delays – This will be the hardest to change.
Delays cost fortunes in development and drive away those
willing and able to do it. Priorities:
a. County of Kaua’i Affordable Housing Project Manager with the
authority to shepherd projects to completion. Projects would
need to be accepted or rejected within 60 days of submittal.
b. HRS 46-15 and 201H can help facilitate permitting
c.Land – KAHA is in touch with the newly-elected Governor’s team
and we are following up with him regarding his promise to make
land available and help with financing
kaha-kauai.org
ALLIANCES AND PLANNINGPERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023
16
Based on KAHA’s analysis, the KAHE fund is the most
effective method of engineering real change. Nimble
in its deployment, it could facilitate the eradication
of Kaua‘i’s housing shortage within 12 to 20 years.
Milo Spindt, KAHA member, President of
Hawaii Habitat and prior Board Chairperson
of Hawaii Housing Finance Development
Corporation planted the seed that has
grown into KAHE – the Kaua‘i Affordable
Housing Endowment. To be constructive,
Spindt said, KAHE must be easily accessible
for affordable housing developers, free of
burdensome government regulations and
accommodate higher risk, at lower interest
rates than the funding from institutional
lenders.
KAHE would need to be convincingly seeded
and compellingly promoted by someone
or some entity (for example, CZI) with
the necessary capacity and visibility to
encourage and/or challenge those with the
capability to donate substantially. It could
be managed by the Hawaii Community
Foundation or a similar entity that is trusted
by major donors.
The Kaua‘i Affordable Housing Endowment
would restore hope to our beleaguered local
community and help them hold on, while we
end the tragedy of local families and work
force having to leave their ancestral homeland.
All homes would be sold or rented based on a
Point System which would give priority to the
local residents and workers in the towns of
each development.
From combined experience, KAHA has come
to realize that substantial seed funding will
enable significant momentum. Available project
land and permitting could be secured while we
organize the development in stages, in order
to build and sell in phases. This would create
a “revolving fund” and inspire others to offer
and bring in large donations, while layered
financing and government grants are secured.
KAHE, combined with long-term commitment,
phased, efficient construction and economies
of scale, could initiate the end to this tragedy.
Kaua‘i Affordable Housing Endowment
NEW!
County estimated units needed in 2018 For local families and workforce5,000
Construction estimate Land and finished home$ 550,000/unit, increasing
Total need ASAP — estimate up to 20 years$ 2,310,000,000
Estimated need to enable continued progress and completion To form a revolving fund and attract other funding$ 250 to 350,000,000
ALLIANCES AND PLANNINGPERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023
Mahalo! We are in this together.
Our beautifully distinct Hawaiian culture and values are under threat. Kaua'i has the most crowded bedrooms and is the worst housing tragedy in America. We are losing the people who do the work and those that make Kaua'i special.
Daughter of PAL's Associate Executive Director, Taylor Kaluahine Lani
And together we can do this.
MAHALO
Mahalo for caring, and for sharing our deep concern about this
tragedy... and for considering helping us solve it! We would be
honored to discuss any questions or suggestions you may have.
Contact Jim Edmonds, PAL's Founder and Executive Director
(808) 443-8868 Jim@PAL-Kauai.orgkaha-kauai.orgpal-kauai.org
PERMANENTLY AFFORDABLE LIVING BIG ISLANDMARCH 2023
17
Financial StatementsADDENDUM
18
FINANCIAL STATEMENTSMARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND
19
FINANCIAL STATEMENTSMARCH 2023
PAL Kaua‘i Finances
PERMANENTLY AFFORDABLE LIVING BIG ISLAND
20
FINANCIAL STATEMENTSMARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND
21
FINANCIAL STATEMENTSMARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND
Description Current Month Year to Date
Income
Unrestricted Contributions
Individual 5,124,803 5,124,803
Corporation and Business 34,614 34,614
Grants 110,000 110,000
Total Unrestricted Contributions 5,269,417 5,269,417
Restricted Contributions
Individual 4,540,000 4,540,000
Private Grant 80,000 80,000
Total Restricted Contributions 4,620,000 4,620,000
Total Contributions $9,889,417 9,889,417
Other Income
Special Events Income Net
Program Income
Rental Income 215,552 215,552
Miscellaneous Revenue 6,392 6,392
Total Program Income 221,944 221,944
Other Non-Program Income
Interest Income 37 37
Total Other Non-Program Income 37 37
Total Other Income 221,982 221,982
Total Income 10,111,399 10,111,399
Fiscal Start Date: 01/01/22
All amounts are in USD.
NHCDCPeriod: 01/01/22..12/31/22
Income Statement Month and YTD
MOANA
01/23/23Page 1 / 5
22
FINANCIAL STATEMENTSMARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND
Description Current Month Year to Date
Expenses
Other Mission Specific Costs
Dedications 1,639 1,639
Total Other Mission Specific 1,639 1,639
Salary, Wages and Benifits
Salaries 588,523 588,523
Workers Comp Insurance-Emp 718 718
Health Insurance , Etc 14,035 14,035
Payroll Taxes 32,485 32,485
Total Salary, Wages, Benefits 635,761 635,761
Supplies
Office Supplies 7,242 7,242
Other Supplies 909 909
Total Supplies 32,016 32,016
Copier Cost
Information Systems
Telephone and Fax 493 493
Internet Line Charge 2,269 2,269
Web Site Expenses 955 955
Software Support and Maint.3,262 3,262
Software Usage Fee (Cloud)168 168
Total Information Systems 7,148 7,148
Fiscal Start Date: 01/01/22
All amounts are in USD.
NHCDCPeriod: 01/01/22..12/31/22
Income Statement Month and YTD
MOANA
01/23/23Page 2 / 5
23
FINANCIAL STATEMENTSMARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND
Description Current Month Year to Date
Occupancy Expense
Property Tax 15,647 15,647
Building Repair/Maintenance 38,704 38,704
Occupancy Misc Exp 809 809
Utilities 455 455
Total Occupancy Expense 72,112 72,112
Equipment Costs
Office and Computer Equipment 5,881 5,881
Maintenance 1,181 1,181
Total Equipment Cost 9,112 9,112
Advertising and Printing
Advertising 4,619 4,619
Printing Expenses 67 67
Total Advertising and Printing 4,686 4,686
Travel
Food 207 207
Total Travel 207 207
Conference, Convention & Mtg.
Conference Expenses 1,398 1,398
public awareness events 1,235 1,235
Training Expenses 875 875
Total Covention Expense 3,508 3,508
Fiscal Start Date: 01/01/22
All amounts are in USD.
NHCDCPeriod: 01/01/22..12/31/22
Income Statement Month and YTD
MOANA
01/23/23Page 3 / 5
24
FINANCIAL STATEMENTSMARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND
Description Current Month Year to Date
Total Expenses 952,744 952,744
Net Income 9,158,655 9,158,655
Fiscal Start Date: 01/01/22
All amounts are in USD.
NHCDCPeriod: 01/01/22..12/31/22
Income Statement Month and YTD
MOANA
01/23/23Page 5 / 5
25
FINANCIAL STATEMENTSMARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND
Name Value Program Status UpdateFirst Hawaiian Bank Foundation 50,355 EV Car Share Lost
Hawaii Community Foundation LOI 110,000 General PendingZilber Foundation LOI General Pending
Atherton Family Foundation 50,000 EV Car Share Lost
Solicited G.N. Wilcox Trust 150,000 Kekaha Septic Lost
McInerny Foundation 150,000 Kekaha Septic Lost
Annie Sinclair Knudsen Memorial Fund 9,850 EV Car Share Lost
Healy Foundation 50,000 General Lost
Nareit Foundation 150,000 Kekaha Septic Lost
Bank of Hawaii Foundation 150,000 Kekaha Septic Lost
Alexander & Baldwin Foundation 50,000 Kekaha Septic PendingElsie H. Wilcox Foundation 10,000 EV Car Share Lost
Atherton Family Foundation 35,000 Kekaha Won Restricted - Private Grant Atherton Family Foundation - $35k.pdfChan-Zuckerberg Kaua'I Community Fund 100,000 General Won Grant - unrestricted Chan Zuckerberg Kauai Community Fund - $100k 11.8.22.pdf
Hover Family Fund - Bank of America 25,000 Kilauea Land Won Restricted - Private Grant Hover Family Fund - Bank of America Donation - $25,000 10.31.22.pdf
Unsolicited Kauai Kokua Fund - Hawaii Community Foundation 10,000 General Won Grant - unrestricted Kauai Kokua Fund - HCF $10k - Grant 11.14.22.pdf
Upcoming
Total Potential Grant Income 965,205
26
Name Value DD Program Status Update
Healy Foundation 50,000 March General Pending
First Hawaiian Bank Foundation 50,000 March Kekaha Septic Pending
Bank of Hawaii Foundation 100,000 March Kekaha Septic Pending
GIA 240,000 July General Pending
Solicited GIA 200,000 July Construction Pending
Charity Walk 10,000 June Kekaha BHP Center Pending
McInerny Foundation 30,000 April Kekaha BHP Center Pending
Alexander & Baldwin Foundation 50,000 March Kekaha Septic Pending
Kauai Kokua Fund - Hawaii Community Foundat 25000 n/a General Won Kauai Kokua Fund - HCF $25k 1.9.23.pdf
Unsolicited
G.N. Wilcox Trust 50,000 July Kekaha BHP Center
Nareit Foundation 100,000 September Kekaha Solar Roof
Upcoming Annie Sinclair Knudsen Memorial Fund 10,000 September Kekaha Solar Roof
Elsie H. Wilcox Foundation 10,000 December Kekaha Solar Roof
Chan-Zuckerberg Kaua'I Community Fund 100,000 November General
Hawaii Community Foundation LOI
Zilber Foundation LOI
Total Potential Grant Income 1,025,000
FINANCIAL STATEMENTS
PAL Grant Master List 2022
PAL Grant Master List 2023 (so far)
MARCH 2023 PERMANENTLY AFFORDABLE LIVING BIG ISLAND