Ka Wai Ola - Office of Hawaiian Affairs, Volume 3, Number 5, 1 May 1986 — Page 6 Advertisements Column 1 [ADVERTISEMENT]

^ | ,>YOUR < vw3oCrS5res " * Vourfamilycouldsoonbelivinginabrand-new, qualityhome ...on a lotyou ean own for less than $30,000. Tofindoutifyouqualify, keep reading!

What is Waiola Estates? Waiola Estates will be a complete residential community, to be built in less than four years on 269 acres of land in Waipio In all, there will be approximate!y 1500 house lots, averaging about 5,000 square feet eaeh. Lots will be sold— fee simple— to families with incomes of $35,000 per year or less, adjusted for family size. About 300 lots will be set aside for families with incomes of approximately $25,000 per year. /PR0JECT GENTRY- / / SITE WAIPIO / WAHIAWA WAIKELE < /| (Amfac) ^ £ / 3 / 3 1 PEARL CITY ?'°V, 5 / r ' e- TO HONOLULU WAH/M VA INTERCHANGE^+%3L The City will provide a fully-improved subdivision, including a 12-acre park and an elementary school site. Families selected and found to be eligible may choose from a number of homes offered by several different contractors. The complete package— including purchase of the lot and construction of the home on it— is expected to cost between $65,000 and $95,000, depending upon the ehoiee of house model. Who is Making lt Ali Happen? The administration of Nlayor Frank F. Fasi has pledged to provide affordable housing for Honolulu. Onee the concept for Waiola Estates was developed, the project was turned overtoCity Managing DirectorD.G. "Andy" Anderson. He contacted David Murdock, Chairman and Chief Executive Officer of Castle & Cooke, ine. Mr. Murdock agreed to sell the land to the City at a price well below marketvalue. . ,ontheconditionthatitbeusedtoprovide affordable housing. Afterthat, Mr. Anderson met with representatives of the home bullding industry. They have agreed to design and build quality homes for Waiola Estates whieh meet the cost limits set by the City. Finally,officialsfromthevariousconstructiontradeunions met with Mr. Anderson and agreed to permit their members to work on the Waiola Estates project at hourly rates that would help to keep down the cost of the homes there. In every way, Waiola Estates will symbolize Hawaii's Aloha Spirit. It's an example of what ean happen when government, business, and labor work together for the good of everyone.

How Will Families Be Selected? All families who believe they meet the eligibility requirements may apply for the right to purchase a home and lot in Waiola Estates. Because there will undoubtedly be many more potential buyers than there are available lots, a drawing will be held to determine the order in whieh families will be eonsidered for the purchase of a Waiola Estates home. The actual date for the drawing cannot be set until the City Council takes action to approve the project and its initial funding. Only one application will be allowed from eaeh family unit and all families will be required to verify their eligibility. Who ls Eligible for a Waiola Estates Home? In order to be eligible to buy a home at Waiola Estates, your family must be able to meet ALL of the following requirements: □ Must be residents of the State of Hawaii. □ Must be ci,tizens of the United States or resident aliens. □ Must be at least 18 years old. □ Annual family incomes must not exceed the limits shown in the table below. Number of Total annual people in family ineome 2 $28,500 3 32,050 4 35,600 5 37,850 6 40,050 7 42,300 8+ 44,500 □ Be able to afford a minimum monthly payment of approximately $660 for the lowest priced unit.

□ Have sufficient funds for a downpayment (expected - to be at least 5% of the total purchase price). "p Must be an owner/occupānt. ! □ The City will have the right to repurchase your home should you decide to sell it. □ Do not own any land suitable for residential use. □ Do not have a pending application to buy a home in any other housing development sponsored by the City. IMPORTANT: For the purpose of this application, a "family" is considered to be (a) married couples with or without children, (b) single parents with children, (e) people with elderly or handicapped dependents. The City has the right to change or add to the eligibility requirements should that become necessary or appropriate. How to Apply for a Waiola Estates Home. If you believe your family is eligible for one of the Waiola Estates homes, you should make an initial application by filling out the form below. When it has been completed and returned to the City, it will assure your family's participation in the drawing to determine the order in whieh families may formally apply to purchase a home in Waiola Estates. All applications will becross-checked by computerand more than one entry by one person, or entries by different persons in the same family unit, could result in disquaiification. Application forms should be returned to the City by certified mail (request a return receipt). Mail to: Waiola Estates Drawing Dept. of Housing & Community Development City & County of Honolulu 650 South King Street, 5th Floor Honolulu, Hawaii 96813 Applications will be accepted until the day of the drawing. The actual date of the drawing will be announced as soon as possible, but in no event will it be held before June 1, 1986. Application forms are also available at all Satellite City Halls on Oahu. Foradditional information, pleasecall 523-4385 betweenthe hours of 8:00 a.m. and 4:30 p.m., Monday through Friday.

| APPLICATION FORM:~" II understand that by submitting an application I am certifying that, to the best of my knowledge and belief, my family is eligible to purchase a home in Waiola Estates. I |understand that, if our name is selected in the drawing, we will be required to verify our eligibility according to the criteria established by the City. I also understand |that the City will have the right to repurchase our home should we decide to sell it. I There are people in our family. Our total annual I ineome is i dollars.

IMPORTANT: PLEASE PRINT LEGIBLY W1THIN BOXES. I I I 1 II M I I 1 11 1 II I I 1 l' NAME LAST FIRST INITIAL I ADDRESS ^ ^ ī ^ CITY ZIP CODE i i i i i i i i i ii i i i ii rrn| TELEPHONE WORK HOME ■ SIGNATURE