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 $222,940,103. The Corporation shall hold the public hearing on Wednesday, June 14, 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 : Meheula Vista III
Location : 95-1060C Lehiwa Drive
Mililani, HI 96789
TMK: (1) 9-5-002: 060 CPR 0003
Owner/Sponsor : Meheula Vista III LP
Property Manager : Locations LLC Property Management Division
Maximum Face Amount : $15,000,000
Description : Elderly occupancy-75 residential units
New Construction

Project : Kahului Lani I
Location : Lot adjacent to the Family Life Center and
Bounded by Vevau, Kane, and School Streets
Kahului, HI 96732
TMK: (2) 3-7-005: 003 and 011
Owner/Sponsor : Kahului Lani LP
Property Manager : Locations LLC Property Management Division
Maximum Face Amount : $24,000,000
Description : Elderly occupancy-81 residential units and 1 manager’s unit
New Construction

Project : Kaiaulu O Waikoloa
Location : Lot 1 “Waikoloa Village”, Pua Melia Street
Waikoloa, HI 96738
TMK: (3) 6-8-003: 028
Owner/Sponsor : K00674 Waikoloa, L.P.
Property Manager : Big Island Housing Foundation, Inc.
Maximum Face Amount : $12,360,000
Description : Family occupancy-59 residential units and 1 manager’s unit
New Construction

Project : Kaiwahine Village
Location : Lot 134-A Kaiwahine Street
Kihei, HI 96753
TMK: (2) 3-8-004: 028
Owner/Sponsor : A0578 Kihei, L.P.
Property Manager : Big Island Housing Foundation, Inc.
Maximum Face Amount : $12,789,000
Description : Family occupancy-63 residential units and 1 manager’s units
New Construction

Project : Nohona Hale
Location : 630 Cooke Street
Honolulu, HI 96813
TMK: (1) 2-1-051: 014
Owner/Sponsor : 630 Cooke Street Partnership LP
Property Manager : EAH Inc.
Maximum Face Amount : $27,000,000
Description : Family occupancy-110 residential units and 1 manager’s unit
New Construction

Project : Kenolio Apartments
Location : 635 Kenolio Road
Kihei, HI 96753
TMK: (2) 3-9-001: 157 and 158
Owner/Sponsor : Maui Pacific Associates, a Hawaii Limited Partnership
Property Manager : EAH Housing
Maximum Face Amount : $50,000,000
Description : Family occupancy-184 residential units and 2 managers’ unit
New Construction

Project : Mohouli Heights Senior Neighborhood Phase 3
Location : 571 Kupuna Place
Hilo, HI 96720
TMK: (3) 2-4-001: 184 (portion)
Owner/Sponsor : Mohouli Senior Phase 3-92 LLLP
Property Manager : Hawaii Affordable Properties, Inc.
Maximum Face Amount : $24,500,000
Description : Elderly occupancy-92 residential units and 1 manager’s unit
New Construction

Project : Kulana Hale at Kapolei
Location : South Corner of Haumea Street and Wakea Street
Kapolei, HI 96707
TMK: (1) 9-1-088: 021 CPR 0001, 0003, 0004, 0005, 0006, 0007, and 0008
Owner/Sponsor : KMUD I, LP
Property Manager : Hawaiiana Management Company, Ltd.
Maximum Face Amount : $43,291,103
Description : Elderly occupancy-153 residential units and 1 manager’s unit
New Construction

Project : Hausten Gardens Apartments
Location : 808 Hausten Street
Honolulu, HI 96826
TMK: (1) 2-7-009: 016
Owner/Sponsor : Hausten Gardens, LP
Property Manager : Indigo Real Estate Services
Maximum Face Amount : $14,000,000
Description : Family occupancy-49 residential units and 1 manager’s unit
Acquisition/Rehabilitation

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
Executive Director

(SA990513 5/12/17)~