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County To Award Over $13 Million To Boost Affordable Housing

Funding Supports Housing Infrastructure, Land Acquisition & New Unit Construction

Post Date:11/07/2024 8:35 AM

The County of Hawaiʻi announced today it is awarding over $13.2 million in Affordable Housing Production (AHP) Program funds to four projects across Hawaiʻi Island that will support, increase, and sustain the availability and accessibility of affordable housing.  

The Fiscal Year 2024-25 funding round supports the acquisition of property for and construction of new housing units for households earning up to 60% of Area Median Income (AMI), infrastructure for a new subdivision that will serve workforce households earning up to 140% of AMI and the popular Residential Repair Program, which provides low-cost loans to help low-income households conduct much-needed repairs to their primary residence. In total, the funding will impact 181 housing units.

“We are thrilled to announce this significant investment in affordable housing across Hawaiʻi Island. This funding will not only help to construct new homes for those in need but also strengthen our communities by providing vital infrastructure and sustaining housing for low-income households, said Housing Administrator Susan Kunz. “Together, we are taking meaningful steps toward ensuring everyone has a safe and stable place to call home.”

The four projects selected to receive funding were among 13 proposals that requested more than $48 million in funding. Award decisions were based on criteria such as project impact and delivery, need, applicant qualifications, readiness, and funding leverage.

The awarded organizations and their proposals are:

ORGANIZATION

PROJECT NAME

PROJECT TYPE

AMOUNT FUNDED

UNITS

AMI RANGE

AFFORD. PERIOD

COUNCIL DISTRICT

Hawaiʻi Island Community Development Corporation dba Hale Ola O Mohouli LLLP

Hale Ola O Mohouli

New Construction

$3,200,000

91

30% - 60%

61 Years

2 (Hilo)

GSF LLC dba Kuakini Family Affordable I LP

Kuakini Family Affordable I

Acquisition, Plan & Design

$5,000,000

48

30% - 60%

60 Years

7 (Kona)

Office of Housing
and Community Development - Community Development Division

Kaiminani Subdivision

Infrastructure

$4,200,000

25

80% - 140%

65 Years

8 (North Kona)

Office of Housing
and Community Development - Community Engagement Division

Residential Repair Program

Financial Assistance

$875,000

17

Up to 80%

10 Years

Islandwide

 

 

Totals:

$13,275,000

181

 

 

 

 

The funding was made possible through Ordinance 22-77, passed by the Hawaiʻi County Council in June 2022, and signed into law by Mayor Mitch Roth. The law appropriates a minimum of $5 million per year to the Office of Housing and Community Development (OHCD) to facilitate programs that support affordable housing production on Hawaiʻi Island.

The resolution was forwarded with a favorable recommendation by the Finance Committee on Nov. 7, 2024. The resolution will next be heard by the full County Council for approval. The OHCD will then draft and execute contract agreements with the awardees for the release of funds.

The AHP Program’s initial funding round (Fiscal Year 2023-24) combined two years of funding and provided $17.3 million to support, increase and sustain the supply of affordable housing on Hawaiʻi Island. The 2024-25 funding round includes $5.5 million reappropriated from the first funding round due to one of the selected projects being unable to proceed. 

Click here to view the Annual Report that provides updates on the projects awarded funding in the Fiscal Year 2023-24 funding round.

“With over $25 million awarded via the County’s Affordable Housing Production Program, we are taking vital steps to keep local families here on Hawaiʻi Island. This funding is an investment in our community's future, ensuring that our residents have access to safe and affordable housing. By providing these opportunities, we are not only preserving our unique way of life but also fostering a vibrant, sustainable community where families can thrive and grow,” said Mayor Mitch Roth.

For more information on the Affordable Housing Production Program, visit http://www.hawaiicounty.gov/ahp or email ohcd.ahp@hawaiicounty.gov.

The County of Hawaiʻi Office of Housing and Community Development (OHCD) is responsible for the planning, administration, and operation of all County of Hawai’i housing programs. Our Mission is to provide for the development of viable communities through decent housing, suitable living environments and expanded economic opportunities.

More information on the OHCD and its programs can be found online at www.housing.hawaiicounty.gov. To receive news alerts and OHCD’s quarterly newsletter, click here. You can also connect with OHCD on Facebook and Instagram.

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