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

1. Bring Workers Home Hawaii Housing Finance & Development Corporation October 12, 2010

2. Overview Housing Need HHFDC Continuum of Housing Assistance Financing Resources Development Resources 2

3. Housing Need Source: SMS Research, 2006 Hawaii Housing Policy Study 3

4. Housing Need Source: SMS Research, 2006 Hawaii Housing Policy Study 4

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7. HHFDC Created by Act 196, SLH 2005 Need for 28,000+ housing units Very tight housing market drives out those who can least afford to pay for housing; even moderate-income families Burden of administering public housing has overshadowed the ability to pay sufficient attention to financing and developing housing 7

8. HHFDC Mission: To increase the supply of workforce and affordable housing by providing leadership, tools and resources to facilitate housing development. 8

9. Continuum of Housing DHS …..DHS….. …HPHA… …..HHFDC….. 9

10. Financing Resources Interim Loans Rental Assistance Revolving Fund Dwelling Unit Revolving Fund (DURF) Hula Mae Multi-Family Revenue Bonds -interim and permanent (HMMF) Equity Financing Low Income Housing Tax Credits (LIHTC) Equity Gap Rental Housing Trust Fund (RHTF) Website: http://hawaii.gov/dbedt/hhfdc 10

12. LIHTC

13. RHTF

14. ARRA TCAP11

16. LIHTC

17. RHTF12

18. Mortgage financing Hula Mae Single Family Mortgage Credit Certificate 13

19. Development Resources Chapter 201H Expedited land use approvals Planning, zoning, subdivision, construction exemptions Land State land Loans to acquire private land (DURF) Website: http://hawaii.gov/dbedt/hhfdc 14

20. Villages of Kapolei, Oahu 15 888 acres 4,500homes at build-out 3,500 completed $196.5M total development HHFDC master developer Private developers

21. Villages of Leiali'i, Maui 16

22. Kamakana Villages at Keahuolu, Hawaii 17 272 acres Up to 2,300homes Forest City Hawaii developer

23. Mahalo! 18 http://hawaii.gov/dbedt/hhfdc