HI SCR8

Approves the sale of the leased fee interest in 41-665 Inoaole Street, Waimanalo, Hawaii (TMK No. 1-4-1-33-21) by the Hawaii Housing Finance and Development Corporation.

Property is a 4,404 square foot single-family home built in 1975 as part of the Hale Aupuni project, appraised at fair market value of $123,200 as of June 1, 2014.

Sale purpose is to convey the leased fee interest to the current leasehold owner; the parcel was originally government/crown land as of August 15, 1895.

Hawaii Housing Finance and Development Corporation completed required statutory procedures: submitted draft resolution to Office of Hawaiian Affairs on September 30, 2014, and conducted public informational briefing on September 9, 2014, with no objections received.

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