HI HCR240

Authorizes the Hawaii Community Development Authority to sell state-controlled land identified as Tax Map Key (1) 2-1-51-14 located in the Kakaako community development district.

Land is appraised by John Child & Company, Inc. as of March 15, 2011; the appraised value amount is not specified in the resolution text.

Magoon Estate has expressed interest in purchasing the property.

Sale proceeds are intended to enable the Hawaii Community Development Authority to purchase parcels identified as Tax Map Keys (1) 2-1-51-10, (1) 2-1-51-11, and (1) 2-1-51-12 for affordable housing development or a housing first program.

Requires certified copies of the resolution be transmitted to the Executive Director of the Hawaii Community Development Authority, the Chairperson of the Board of Land and Natural Resources, and the Administrator of the Office of Hawaiian Affairs.