HI SCR47

Approves the fee simple sale of property located at 1951 Pahoehoe Street, Koloa, Hawaii (TMK No. 4-2-8-24-14) by the Hawaii Housing Finance and Development Corporation.

Property was appraised on December 30, 2009 at a fair market value of $275,000 by Pacific Rim Appraisal Group.

Sale must be to a qualified resident as defined in section 201H-32, Hawaii Revised Statutes, consistent with the Corporation's intent to resell properties acquired through deferred sales price restrictions.

Public informational briefing was conducted on October 29, 2009 at Koloa Neighborhood Center with no objections received to the proposed sale.

Requires transmission of a certified copy of the concurrent resolution to the Executive Director of the Hawaii Housing Finance and Development Corporation.