My name is Stan Franco and I speak for myself. Bill 107 has been discussed over and over again. Let us approve this version and let us try it. If there are problems in the implementation, changes can be made. We do not have time on our side to have endless discussions on these bills. Remember are goal is to build 5000 homes in 5 years. We have only 4 years to go on our goal and homes have not been developed for those earning from 0% to 120% of Area Medium Income (our target popoulation per the Comprehensive Affordable Housing Plan). Imua!
AFFORDABLE HOUSING COMMITTEE Thursday August 18 2022, 1:30 p.m.
Testimony in support of AH-14(6), AH-4(5), AH31 Bill 103, AH14(7).
Good afternoon affordable housing committee members, My name is David Dorn and I am here to testify in support of these affordable housing guideline improvements.
These measures before you today will greatly improve the neediest family's chances of achieving home-ownership. These measures help make affordable housing prices tied to wages and not to market values. And will give the truly needy Maui families the chance to own a home in our over-inflated housing market. These measures also create a fair system that will help more people actually achieve home ownership. Supporting home ownership is essential for keeping our long-time residents here in the islands, and will help to reduce one of the most fundamental economic pressures that force many families to move to the mainland.
I support Bill 103 relating to Workforce housing deed restrictions and resale because this is one of the most critical steps that we can take. These deed restrictions will allow us to build up our inventory of affordable homes. So we can make enough affordable homes available for all those who need them. This also helps us to direct our affordable homes into the hands of those who truly need housing and intend to live in it long-term. It might also dissuade the people motivated by investing and flipping these homes, which has been the problem with affordable housing until now. Creating these “affordable-in-perpetuity” deed restrictions also gives our community a greater incentive to invest in these programs because we will realize the benefits long-term.
I also support expanding the use of the affordable housing fund so that it can be better utilized in flexible and creative ways to better incentivize workforce home-building and home-buying in more types of situations.
I believe that supporting these Affordable Housing measures is one of the best ways that we can support our community in a lasting and meaningful way.
Council members my name is Brian Kakihara. I am a 4th generation
and life long resident of Maui. The 31% of income housing payment cost cap in the Bill 107 caps the sales price of an affordable home without regard to the cost of building the home or increasing supply. If the Council wants to be able to have affordable homes built under the guidelines of Bill 107 the Council has the responsibility and obligation to the people of Maui County to create the entitled low-cost land the infrastructure – water, sewer, roads etc. to increase the supply and reduce costs of affordable homes under the guidelines of Bill 107. By increasing the supply and reducing the costs of building affordable homes Deferred Mortgage Payment loans, Home Builder grants/subsidies etc that are being suggested would not be necessary. The Council has the authority in County Government to create the necessary entitled low-cost land and infrastructure to make the homes under Bill 107’s guidelines a reality. When there is low cost entitled land and infrastructure available affordable housing can be built. A great example is Spencer Homes Waikapu Gardens projects. Making more affordable housing is possible under Bill 107’s guidelines if the Council creates the entitled low-cost land and infrastructure to increase supply and reduce the cost of building more affordable housing.
My name is Stan Franco and I speak for myself. Bill 107 has been discussed over and over again. Let us approve this version and let us try it. If there are problems in the implementation, changes can be made. We do not have time on our side to have endless discussions on these bills. Remember are goal is to build 5000 homes in 5 years. We have only 4 years to go on our goal and homes have not been developed for those earning from 0% to 120% of Area Medium Income (our target popoulation per the Comprehensive Affordable Housing Plan). Imua!
AFFORDABLE HOUSING COMMITTEE Thursday August 18 2022, 1:30 p.m.
Testimony in support of AH-14(6), AH-4(5), AH31 Bill 103, AH14(7).
Good afternoon affordable housing committee members, My name is David Dorn and I am here to testify in support of these affordable housing guideline improvements.
These measures before you today will greatly improve the neediest family's chances of achieving home-ownership. These measures help make affordable housing prices tied to wages and not to market values. And will give the truly needy Maui families the chance to own a home in our over-inflated housing market. These measures also create a fair system that will help more people actually achieve home ownership. Supporting home ownership is essential for keeping our long-time residents here in the islands, and will help to reduce one of the most fundamental economic pressures that force many families to move to the mainland.
I support Bill 103 relating to Workforce housing deed restrictions and resale because this is one of the most critical steps that we can take. These deed restrictions will allow us to build up our inventory of affordable homes. So we can make enough affordable homes available for all those who need them. This also helps us to direct our affordable homes into the hands of those who truly need housing and intend to live in it long-term. It might also dissuade the people motivated by investing and flipping these homes, which has been the problem with affordable housing until now. Creating these “affordable-in-perpetuity” deed restrictions also gives our community a greater incentive to invest in these programs because we will realize the benefits long-term.
I also support expanding the use of the affordable housing fund so that it can be better utilized in flexible and creative ways to better incentivize workforce home-building and home-buying in more types of situations.
I believe that supporting these Affordable Housing measures is one of the best ways that we can support our community in a lasting and meaningful way.
Mahalo,
David Dorn
Council members my name is Brian Kakihara. I am a 4th generation
and life long resident of Maui. The 31% of income housing payment cost cap in the Bill 107 caps the sales price of an affordable home without regard to the cost of building the home or increasing supply. If the Council wants to be able to have affordable homes built under the guidelines of Bill 107 the Council has the responsibility and obligation to the people of Maui County to create the entitled low-cost land the infrastructure – water, sewer, roads etc. to increase the supply and reduce costs of affordable homes under the guidelines of Bill 107. By increasing the supply and reducing the costs of building affordable homes Deferred Mortgage Payment loans, Home Builder grants/subsidies etc that are being suggested would not be necessary. The Council has the authority in County Government to create the necessary entitled low-cost land and infrastructure to make the homes under Bill 107’s guidelines a reality. When there is low cost entitled land and infrastructure available affordable housing can be built. A great example is Spencer Homes Waikapu Gardens projects. Making more affordable housing is possible under Bill 107’s guidelines if the Council creates the entitled low-cost land and infrastructure to increase supply and reduce the cost of building more affordable housing.
Thank you for your consideration of my testimony.
How will u address the Waiehu Beach road traffic with the affordable housing on Kahekili highway?