NOTICE OF PUBLIC HEARING
REGARDING ISSUANCE OF
MULTI-FAMILY HOUSING REVENUE BONDS
NOTICE IS HEREBY GIVEN that the Hawaii Housing Finance and Development Corporation (the "Corporation") will conduct a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, at which it will hear and consider comments concerning the proposed issuance by the Corporation of one or more series of multi-family housing revenue bonds in an aggregate face amount not to exceed $73,250,000. The Corporation shall hold the public hearing on Monday, December 18, 2017, at 9:30 AM at its office located at 677 Queen Street, Suite 300, Honolulu, HI 96813.
The name of each project, its location, owner/sponsor, maximum aggregate face amount of bonds to be issued to finance each rental housing project, and expected number of units are as follows (noting however, that the Corporation by virtue of including such project in the upcoming hearing, is not obligated to finance any or all of these projects):
Project : Kapolei Mixed Use Development Phase 2
Location : Eastern corner of Haumea Street and Alohikea Street
Kapolei, HI 96707
TMK: (1) 9-1-088: 021 CPR 0002 and 0009
Owner/Sponsor : KMUD II, LP
Property Manager : Hawaiiana Management Company Ltd.
Maximum Face Amount : $34,120,000
Description : Family occupancy-142 residential units and 1 manager’s unit
Project : Kaloko Heights Affordable Housing Project
Location : Hina Lani Street – 2.3 miles east of the Queen Kaahumanu
Highway and Hina Lani Street intersection
Kailua-Kona, HI 96740
TMK: (3) 7-3-009: 032
Owner/Sponsor : Kaloko Heights Affordable Housing LLLP
Property Manager : Hawaii Affordable Properties, Inc.
Maximum Face Amount : $23,130,000
Description : Family occupancy-80 residential units and 1 manager’s unit
Project : Keahumoa Place Phase 1 aka East Kapolei II LDA 2 – Family
Rental Phase 1
Location : LDA Parcel 2 – Keahumoa Parkway; 1.5 miles from the
Kualakai Parkway and Keahumoa Parkway Intersection
Ewa Beach, HI 96706
TMK: (1) 9-1-017: 109 (portion)
Owner/Sponsor : The Michaels Development Company I, L.P. on behalf of
East Kapolei II Phase 1, LLC or another limited liability partnership,
limited liability company or limited partnership to be formed
by them for purposes of developing, owning, and operating the project.
Property Manager : Interstate Realty Management
Maximum Face Amount : $16,000,000
Description : Family occupancy-75 residential units
Those wishing to comment on the proposed issuance of bonds by the Corporation for the multi-family housing projects financed thereby may either appear in person at the public hearing or submit written comments, which must be received by the Corporation prior to the hearing. The Corporation reserves the right to limit comments to 10 minutes per commentator. Send written comments to the Hawaii Housing Finance and Development Corporation, Attn: Finance Branch, 677 Queen Street, Suite 300, Honolulu, Hawaii 96813.
If access or communication assistance and/or services (e.g., large print, taped materials, sign language interpreter, or translator) are required to participate in this public hearing, please contact Ms. Sherrie Kagawa at (808) 587-0567 at least ten (10) business days before the meeting. Prompt requests help to ensure the availability of appropriate accommodations.
Hawaii Housing Finance and Development Corporation
Craig K. Hirai