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HomeMy WebLinkAbout2024 Fall OHCD NewsletterFALL 2 024 VOL . 1 0 Office of Housing and Community DevelopmentNEWSLETTER BUILDING A BRIGHTER FUTURE New Affordable Housing Project Breaks Ground in Waikoloa Nā Hale Makoa is seen in this artistic rendering. Families areexpected to begin moving into units during the first quarter of 2026.Courtesy photo Kumu Keala Ching, of Nā Wai Iwi Ola Foundation, blesses the site of Nā Hale Makoa during agroundbreaking ceremony held September 24, 2024, in Waikoloa Village. County of Hawaiʻi photo On September 24, 2024, we celebrated asignificant milestone with thegroundbreaking of Nā Hale Makoa, a newaffordable workforce rental housing community in Waikoloa Village. Nā Hale Makoa will feature 139 one-, two- and three-bedroom units serving households earning up to 140% of Area Median Income, as well as one resident manager’s unit. Scan the QR code at right to see if your household qualifies for affordable housing. These new rentals will play a crucial role in tackling Hawaiʻi’s affordable housing challenges. Construction is already underway and is expected to take about a year and a half to complete. Families are scheduled to begin moving into units in early 2026. “Today marks a pivotal step forward in ourcommitment to addressing the affordablehousing needs of our community. Nā Hale Makoa represents more than just new buildings; it symbolizes our dedication toensuring that working families have access tosafe, affordable, and high-quality housing,”said County of Hawaiʻi Mayor Mitch Roth. The County of Hawaiʻi Office of Housingand Community Development partnered with Kamakoa Nuiʻs Next Chapter INFRASTRUCTURE PROJECT WILL OPEN DOOR TO BUILD MORE AFFORDABLE HOUSING As construction getsunderway on Nā Hale Makoa,the Office of Housing and Community Development isworking hard to get anothercritical project underwaythat will provide even more housing opportunities in theKamakoa Nui subdivision inWaikoloa Village. The project will construct SEE 'KAMAKOA NUI' | PAGE 2SEE 'HOUSING' | PAGE 2 STAY CONNECTED www.housing.hawaiicounty.govFALL 2 024 UPCOMING OFFICE CLOSURES Tuesday, November 5 — General Election Day Monday, November 11 — Veterans Day Thursday, November 28 — Thanksgiving Day Wednesday, December 25 — Christmas Day Facebook: @hawaiicounty.officeofhousing Instagram: @hawaiicounty.officeofhousing Online: www.housing.hawaiicounty.gov Email: ohcd@hawaiicounty.gov Pacific HousingAssistance Corporationto bring this project tolife, following asuccessful proposalprocess in 2020. The County is leasingthe approximately 10-acre site for 68 years toKamakoa Nui LimitedPartnership, theownership entity. “By partnering withPacific HousingAssistance Corporationand Kamakoa NuiLimited Partnership andutilizing county landeffectively, we are notonly providing homesbut also fostering astronger, more vibrantcommunity. This projectis a testament to whatwe can achieve when wework together towards acommon goal ofenhancing the quality oflife for all our residents,”added Mayor Roth. Furnishings include in-unit washer/dryer,range, refrigerator, vinylplank flooring, windowcoverings, and ceilingfans. Each unit alsofeatures a private lanaiand storage closet. Nā Hale Makoa’sgrounds will include arecreation center withkitchen for gatherings, a resource and technologycenter with high-speed internet access, amanagement office,picnic areas,walking/biking paths and a keiki playground. The $84.5 millionproject is funded via theHula Mae Multi-Family (HMMF) Revenue BondProgram, Low-IncomeHousing Tax Credit(LIHTC) Program and Rental Housing RevolvingFund (RHRF) Programprovided by the HawaiʻiHousing Finance DevelopmentCorporation (HHFDC),County of HawaiʻiAffordable Housing Production (AHP)Program and 30 Project-Based Vouchers awardedby the County of Hawaiʻi Office of Housing andCommunityDevelopment. Pacific Housing and its property manager,Indigo Real Estate, willkeep the communityinformed of project updates. Applications will beaccepted starting aroundSeptember 2025. For more informationabout Nā Hale Makoa,please visit PacificHousing’s website at https://www.pacific-housing.org/na-hale-makoa. HOUSING: Continued from front HALE O Hawaiʻi County Community Land Trust started work this month on single-family homes in Hilo andVolcano fully funded by the County’s Affordable Housing Production Program (FY 2023-24). Pictured above isthe future site of one of these homes on State-owned land conveyed to the County by an executive order thenleased to HALE O Hawai'i as part of a pilot project that will provide a template for development of single-family affordable housing on State-owned lands under a land trust model. Once complete, the homes will besold to eligible purchasers under a long-term generational leasehold in which immediate family may inheritthe lease. For more information on HALE O Hawai'i, please visit https://haleohawaii.org. Courtesy photo Dignitaries use the o’o (digging stick) during the groundbreaking ceremony tostart of construction on Nā Hale Makoa. County of Hawaiʻi photo a mini-loop road and related infrastructure that will open vacant County ofHawaiʻi-owned land within the area for construction of hundreds moreaffordable rental and for-sale units, a library and public school as outlinedin the Kamakoa Nui Master Plan. The Office of Housing and Community Development anticipates it willissue a Request For Proposals (RFP) for the project around the start of thenew year. Funding is provided in part by the Affordable Housing ProductionProgram established in 2022 to increase the availability and accessibility of affordable housing on Hawai’i Island. “As we move forward with Kamakoa Nui, this next phase will not onlyexpand housing options but also enhance community resources. Byinvesting in essential infrastructure, we're laying the groundwork for a vibrant and sustainable future where every resident has access to anaffordable home where they can forge a path to a better future,” saidHousing Administrator Susan Kunz. KAMAKOA NUI: Continued from front Are you a landlord who provides residents with affordable housing onHawaiʻi Island? You may qualify for a tax break. Property owners who comply with the County of Hawaii’s AffordableRental Housing Program requirements may apply for a reduction in real property taxes for the July 1, 2025, through June 30, 2026, tax period.Applications are due Dec. 31, 2024. Owners are required to submit anapplication annually and the rental agreement must at least six months. Learn more about the program by visiting www.hawaiipropertytax.com or call the Real Property Tax office at (808) 961-8201. AFFORDABLE RENTAL HOUSING PROGRAM ACCEPTING APPLICATIONS Land Trust Commences Construction