NOTICE OF PUBLIC HEARING
Pursuant to Sections 91-3 and 92-41, Hawaii Revised Statutes, notice is hereby given that the Hawaii Housing Finance and Development Corporation (HHFDC), Department of Business, Economic Development and Tourism (DBEDT), State of Hawaii, will hold a public hearing on July 19, 2007 at 10:30 a.m. to consider the adoption of Chapter 15-301, \u201DKikala-Keokea Housing Revolving Loan Program,\u201D Hawaii Administrative Rules (HAR) and the repeal of Chapter 17-2006, \u201DLoan Program for Kalapana Disaster Victims,\u201D HAR.
In 1991, Act 314, Session Laws of Hawaii (SLH) 1991 was enacted to authorize 65-year leases to displaced victims of the Kalapana lava flows on the island of Hawaii who were of Hawaiian ancestry. The leases were for lands in the Kikala-Keokea area. Act 144, SLH 2001 established the Kikala-Keokea Revolving Fund to provide qualified lessees with low-interest loans for home construction. The Legislature appropriated $200,000 into the Fund in Act 196, SLH 2006. The Kikala-Keokea Revolving Loan Program replaces the Loan Program for Kalapana Disaster Victims. Therefore, the Kalapana program rules will be repealed.
The HHFDC is promulgating administrative rules to govern eligibility requirements and the origination of loans utilizing Fund monies. The maximum loan amount under the Kikala-Keokea Revolving Loan Program is $100,000. The interest rate for Program loans will be 3 percent per year.
A public hearing will be held on July 19, 2007 at 10:30 a.m. at the
Office of Housing and Community Development
Conference Room
1990 Kino\u2019ole Street
Hilo, Hawaii 96720
All interested persons are invited to attend the hearing and state their views relative to the proposed rule either orally or in writing. Should written testimony be presented, five copies shall be made available to the presiding officer at the public hearing or within seven days before the hearing to:
HHFDC
Attention: Mavis Masaki
677 Queen Street, Suite 300
Honolulu, Hawaii 96813
Copies of the proposed rules are available for review at the HHFDC administrative office located at 677 Queen Street, Suite 300 during regular business days and hours between 7:45 a.m. and 4:30 p.m. Copies are also available on the HHFDC web site at http://www. hawaii.gov/dbedt/hhfdc and regional public libraries. Copies of the proposed rules may also be mailed to any interested person upon advance payment of the following copying and postage cost: Chapter 15-301 $1.68.
Written requests for mailed copies of the proposed rules should be sent to the HHFDC at the address noted above or by calling the numbers listed below:
Honolulu 587-0634
Hawaii 974-4000, ext. 70634
Kauai 274-3141, ext. 70634
Maui 984-2400, ext. 70634
Molokai or Lanai 1-800-468-4644, ext. 70634
If special accommodations for the public hearing are needed (i.e., large print, taped materials, sign language interpreter, etc.), please make all requests to HHFDC at least ten (10) working days prior to the hearing by calling Ms. Medy Esmena at the phone number listed above.
Orlando Dan Davidson
Executive Director
Hawaii Housing Finance and Development Corporation
State of Hawaii (SB05530157 6/19/07)
