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Kihei Wailani Village Maui County Code

MAUI COUNTY CODE:

Chapter 2.96 - RESIDENTIAL WORKFORCE HOUSING POLICY

2.96,090- B.
Eligibility Criteria. In order to be eligible for a residential workforce housing unit, an applicant must meet the following criteria:

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1. Be a citizen of the United States or a permanent resident alien who is a resident of the County;

2. Be eighteen years of age or older;
3. Have a gross annual family income (not to include the income of minors) which does not exceed
one hundred sixty percent of the County's area median income as established by HUD, or as
adjusted by the department, for Hana, Lanai, and Molokai. Initial determination for compliance
with the maximum gross annual family income provision shall be made by the developer, its
partner, or its management company for the initial sale of residential workforce housing units,
on the basis of the information provided on the ownership application. The ownership
application will be completed when a specific unit is being considered. Final determination for
compliance with the maximum gross annual family income provision shall be made by the
prospective lender at the time the applicant's income verification data is received;
4. Have assets that do not exceed one hundred sixty percent of the County's area median income
as established by HUD, or as adjusted by the department, for Hana, Lanai, and Molokai. Assets
shall include all cash, securities, stocks, bonds and real property. Real property shall be valued
at fair market value less liabilities on such real property;
5. For a period of three years before the submittal of the ownership application, have not had an
interest of fifty percent or more in real property in fee or leasehold in the United States, where
the unit or land is deemed suitable for dwelling purposes, unless the applicant is selling an
affordable unit and purchasing a different affordable unit that is more appropriate for the
applicant's family size; and
6. Pre-qualify for a loan with the applicant's choice of lender.

About the Savio Group

Peter B. Savio is President and Chief Executive Officer of the Savio Group of Companies. Peter has more than 40 years experience in real estate development and sales in the Hawaii market; he has been helping his clients realize the maximum return on their real estate investments since he founded Savio Realty Ltd. in 1980.


Savio Realty Ltd.

Focused in Residential and Commercial real estate across the islands and rental management on the Big Island. With 3 offices and 100+ agents, we can help you buy, sell, or invest in Hawaii real estate. Learn more »

Savio Asset Management LLC

Rentals and property management services. We have extensive experience in helping tenants and property owners with all of their rental needs - from managing properties to maintenance & repairs.  Learn more »

Savio Developments Ltd.

With more than 30 years of project brokerage in Hawaii, Savio Developments is continuously developing landmark properties throughout Hawaii. Learn more »