Ka Wai Ola - Office of Hawaiian Affairs, Volume 30, Number 12, 1 Kekemapa 2013 — E kala mai [ARTICLE]

E kala mai

RE: "A plaee to live - and create art - in Kaka'ako" (November issue) The Ola Ka 'Ilima Artspace Lofts project has not signed a lease for the property. The project has site control in the form of an exclusive negotiated agreement and will move toward execution of a formal lease with the Hawai'i Housing Finance and Development Corp. The article said the site was leased to Artspace through the Hawai'i Community Development Authority. Also, permits are not in plaee as stated in the article. Organizers hope to secure permitting as the due diligence predevelopment on the project is completed.

To qualify to rent a loft space, a family of four would earn less than $58,740, or 60 percent of area median ineome, per Housing and Urban Development's 2013 numbers. The project will have units at 30 percent, 50 percent and 60 percent area median ineome. The article said the project would target people earning between 50 percent and 60 percent of area median ineome, putting maximum earnings for a family of four at $50,000. As a clarification, Artspace submits housing funding applications to the HHFDC and the City of Honolulu. PA'I Arts and Culture Center will be the anchor tenant in the building owned by Artspace. KWO regrets the errors.

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