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Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
Janice Takahashi
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Janice Takahashi

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Bring Workers Home Regional Workforce Housing Forum--Honolulu, HI--October 12, 2010

Bring Workers Home Regional Workforce Housing Forum--Honolulu, HI--October 12, 2010

Published in: Real Estate
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  • 1. Bring Workers Home<br />Hawaii Housing Finance &amp; Development Corporation<br />October 12, 2010<br />
  • 2. Overview<br />Housing Need<br />HHFDC<br />Continuum of Housing Assistance<br />Financing Resources<br />Development Resources<br />2<br />
  • 3. Housing Need<br />Source: SMS Research, 2006 Hawaii Housing Policy Study<br />3<br />
  • 4. Housing Need<br />Source: SMS Research, 2006 Hawaii Housing Policy Study<br />4<br />
  • 5. 5<br />
  • 6. 6<br />
  • 7. HHFDC<br />Created by Act 196, SLH 2005<br />Need for 28,000+ housing units<br />Very tight housing market drives out those who can least afford to pay for housing; even moderate-income families<br />Burden of administering public housing has overshadowed the ability to pay sufficient attention to financing and developing housing<br />7<br />
  • 8. HHFDC<br />Mission:<br />To increase the supply of workforce and affordable housing by providing leadership, tools and resources to facilitate housing development.<br />8<br />
  • 9. Continuum of Housing<br />DHS<br />…..DHS….. …HPHA… …..HHFDC…..<br />9<br />
  • 10. Financing Resources<br />Interim Loans<br />Rental Assistance Revolving Fund<br />Dwelling Unit Revolving Fund (DURF)<br />Hula Mae Multi-Family Revenue Bonds -interim and permanent (HMMF)<br />Equity Financing<br />Low Income Housing Tax Credits (LIHTC)<br />Equity Gap<br />Rental Housing Trust Fund (RHTF)<br />Website: http://hawaii.gov/dbedt/hhfdc<br />10<br />
  • 11. Hale Wai Vista I, Waianae<br />Developer: HHDC<br />84 family units<br />30-50% HUD AMI<br />$23.2 million<br /><ul><li>DURF
  • 12. LIHTC
  • 13. RHTF
  • 14. ARRA TCAP</li></ul>11<br />
  • 15. Lokahi Apartments, Kona<br />Developer: Vitus Group<br />306 family units<br />30-60% HUD AMI<br />$62.6 million<br /><ul><li>HMMF
  • 16. LIHTC
  • 17. RHTF</li></ul>12<br />
  • 18. Mortgage financing<br />Hula Mae Single Family<br />Mortgage Credit Certificate<br />13<br />
  • 19. Development Resources<br />Chapter 201H<br />Expedited land use approvals<br />Planning, zoning, subdivision, construction exemptions<br />Land<br />State land<br />Loans to acquire private land (DURF)<br />Website: http://hawaii.gov/dbedt/hhfdc<br />14<br />
  • 20. Villages of Kapolei, Oahu<br />15<br />888 acres<br />4,500homes at build-out<br />3,500 completed<br />$196.5M total development<br />HHFDC master developer<br />Private developers<br />
  • 21. Villages of Leiali&apos;i, Maui<br />16<br />
  • 22. Kamakana Villages at Keahuolu, Hawaii<br />17<br />272 acres<br />Up to 2,300homes<br />Forest City Hawaii developer<br />
  • 23. Mahalo!<br />18<br />http://hawaii.gov/dbedt/hhfdc<br />

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