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HomeMy WebLinkAbout2025-09-04 PD PowerPoint Presentation PL-REZ-2025-082 1 IKAIKA OHANA AMENDMENTS TO CHANGE OF ZONE ORDINANCE NO. 21 17 ( PL-REZ-2025-000082/AMEND R EZ-2009-000103) 1( r GYM✓` �P n' I. .p, r y n rctw - a f,f � _ r z • .IMyM, , '4' a R.. kylwc � 'W.i ..✓V a rc 4iE A l ... L[' by M.ic NwLwIW Y v gq A `x'.Y.' 1.M 2'" A✓. , CM� Y; �a .4� � �V � '�••.A A � t' �' Y �f �,� dV� � � Ildk � �� � —MWiYdff:il _ �WMeMK [wW $ d I r r ry i APPLICANT'S REQUEST ■ A FIVE (5) YEAR TIME EXTENSION TO CONDITION D COMPLETE CONSTRUCTION) OF ORDINANCE NO. 21 17, SUCCESSOR ORDINANCE TO ORDINANCE NO. 10 32, WHICH RECLASSIFIED 5.05 ACRES OF LAND FROM A SINGLE-FAMILY RESIDENTIAL-7,500 SQUARE FEET ( RS-7.5) AND MULTIPLE-FAMILY RESIDENTIAL- 1 ,OOO SQUARE FEET ( RM- 1 ) TO A MULTIPLE-FAMILY RESIDENTIAL- 1 ,500 SQUARE FEET ( RM- 1 .5) ZONING DISTRICT. REASONS FOR THE REQUEST ■ THE APPLICANT IS REQUESTING A FIVE-YEAR TIME EXTENSION TO COMPLETE CONSTRUCTION OF THE KAIAULU O KAPI `OLANI AFFORDABLE HOUSING PROJECT. ■ DESPITE SIGNIFICANT PROGRESS IN SECURING THE NECESSARY PERMITS AND ' APPROVALS TO BEGIN CONSTRUCTION, THE APPLICANT WILL NOT BE ABLE TO COMPLETE CONSTRUCTION BY THE DEADLINE, WHICH IS PRIMARILY DUE TO DELAYS IN SECURING ADDITIONAL FINANCING REQUIRED BY THE STATE OF HAWAI`I. REASONS FOR THE REQUEST (CONT.) ■ ALTHOUGH CONSTRUCTION WAS ORIGINALLY EXPECTED TO BE COMPLETED BY MARCH 2O26, CHALLENGES IN OBTAINING STATE AND FEDERAL TAX CREDITS AS WELL AS FEDERAL TAX-EXEMPT BONDS FINANCING HAVE PUSHED BACK THE TIMELINE. ■ IN 2025, THE APPLICANT APPLIED TO THE HAWAI`I HOUSING FINANCE AND DEVELOPMENT CORPORATION ( HHFDC) FOR $40.72 MILLION IN STATE AND FEDERAL TAX CREDITS AND $38.33 MILLION IN FEDERAL TAX-EXEMPT BONDS FINANCING, WITH AN AWARD DECISION ANTICIPATED BY AUGUST 2025. ■ THIS FUNDING WOULD ENABLE CONSTRUCTION TO BEGIN NO LATER THAN JANUARY 2026, WITH AN ESTIMATED BUILD-OUT PERIOD OF 18 TO 24 MONTHS. TO ENSURE SUCCESSFUL COMPLETION AND PROVIDE FLEXIBILITY FOR UNFORESEEN DELAYS, THE APPLICANT IS CONSERVATIVELY REQUESTING THAT THE CONSTRUCTION DEADLINE BE EXTENDED TO MARCH 2031 . PROPOSED PROJECT ■ THE APPLICANT IS PROPOSING TO DEVELOP A 64-UNIT, 100% AFFORDABLE RENTAL HOUSING DEVELOPMENT (63 UNITS WITH INCOME RESTRICTIONS BETWEEN 30% AND 60% OF AREA MEDIAN INCOME AND ONE ( 1 ) UNRESTRICTED MANAGER 'S UNIT) . ■ THE SITE PLAN FOR FINAL PLAN APPROVAL INCLUDED 28, 2-BEDROOM UNITS, 29) , 3-BEDROOM UNITS & 7, 4-BEDROOM UNITS WITHIN 9, 2-STORY BUILDINGS. ALSO INCLUDED ARE A COMMUNITY CENTER BUILDING, PLAY AREA, 2 LAUNDRY FACILITIES, 2 COMMUNITY GARDENS, & 1 1 7 PARKING STALLS INCLUDING 5 HANDICAPPED STALLS. ■ ACCORDING TO THE REQUIREMENTS OF THE STATE' S HHFDC FUNDING, THE AFFORDABLE HOUSING UNITS MUST MAINTAIN AFFORDABILITY METRICS FOR A MINIMUM OF 65 YEARS, BUT THE APPLICANT INDICATED THAT THEY INTEND TO MAKE THE HOUSING AFFORDABLE IN PERPETUITY. Q Z Z 0 Z 0 URBAN y Q CD Q z Q J W Z W • �G r r , r _ � .�a •fib � ems' • r �s r �L ..��n... : ..� ...v 1" I `�� 1 e a Le. c1- 12os � � OMM � ��,.I°, ;'fi aawrrc couNr • E 9xt8 108 - °r�' ❑ ❑' n,.le;v':ais my DavaN TDTAL to I� � �� �— Q . P. }66 �. F I L. C. A ;� 8515 Ld w o a ` q a�� (Map 9) j A _ 'leg �^; Sa`, N _ PROVIDE OUTLET PROTECTION BASED ON CULVERT q' Fl 4 r FLOW VELOCRIES OF I2 FEET PER SECOND �s4 m Y•-C F of ,�, -}1 fj fs _ - -R°`-f IN FNALCONSTRUCTION PLAN DESIGNS Itil b0 v3pF1, Easement 35] __- DWI) Fe A will G1 1yo5 J r n 912 o � - � 1 66� i v.. .e *�•'�f4�.,� 4 /'���yr}4'n.. � � � .eis ! a .�..9►p. '' �, �a a :.i x. �' k",. z � a a w nw VIEW OF j TREET FRONTAL � - .e . ► 4,l Ox u rLU 2. VIEW OF KUKUAU STREET FRONTAGE it ail ING T�'LOOK �UTH • ,� 2. VIEW O KAPI`OLANI'STREET LOOKING NORTH • F . a r ss E 1, �\ r .p• _ ..����d� � '��'� �� . Y'. r Yt , r 1Nbptmow, 1i ' �'�• - ,� M•.� ,� may: �. ;. ., � - � ... LU 7� r•. � � 1 1� �.i a" _ rr 3. VIEW OF KUKUAU STREET LOOKING WEST 4. VIEW OF KUKUAU STREET LOOKING EAST ' uj FORWARD A FAVORABLE RECOMMENDATION TO THE COUNTY COUNCIL FOR THE APPLICANT ' S • REQUESTED AMENDMENT TO CONDITION D . Lu