Jennifer Wada at 06:12, 3 April 2006

2006-04-03T06:12:29Z

Jennifer Wada at 10:19, 8 March 2006

2006-03-08T10:19:33Z

New page

individual residential lots range from
7,500 square feet on Oahu to one acre
on Molokai. 16/
Cost and Program Financing
The greatest problem encountered by
the DHHL in its residential program is
lack of funds. The DHHL estimates
that it costs about $75,000 to place a
native Hawaiian family on a
residential homestead. The State of
Hawaii, through the DHHL, provides the
site development and design for
residential lots at no cost to the
homesteader. These infrastructure
improvements include roads, sewers,
water, electrical lines, streetlights,
and sidewalks. These site
improvements cost about $35,000 per
un,it, and constructing a house costs
another $40,000. Here again, the
State bears the cost of financing low
interest loans or guaranteed loans.
VJJ DHHL estimates that it will
require $477 million to satisfy the
present residential waiting list of
6,360 homestead applicants. 18/
The approximate cost of a home
constructed on homestead lands is
considerably less than the average
cost of home construction in Hawaii in
general. Because interest rates are
low, the monthly payments by homesteaders
are also lower than for
others in the State. However, these
facts do not take into account the
quality of homestead housing. Many
homesteaders complain about substandard
quality.
Since 1975, the State of Hawaii has
provided the homesteading program over
$40 million in general obligation bond
monies for offsite improvements and
loan capitalization. However, this
infusion of State funds is not likely
to continue because the State
Constitution limits its authority to
incur debt.
Loans
The DHHL is authorized to make
loans from any revolving loan fund t
lessees for the following purposes:
(1) The repair, maintenance,
purchase, or erection of
dwellings on Hawaiian home
lands, and the undertaking of
other permanent improvements
thereon;
(2) The purchase of livestock,
swine, poultry, fowl, and
farm equipment; and
(3) Otherwise assisting in the
development of tracts, farm
and ranch operations;
(4) The cost of:
(a) Breaking up, planting and
cultivating land, and
harvesting crops;
(b) Purchase of seeds, fertilizers,
feeds, insecticides
medicines and chemicals for
disease and pest control fo
animals and crops, and
related supplies required
for farm and ranch
operations;
(c) The erection of fences
and other permanent improvements
for farm or ranch
purposes;
(d) The expense of marketing;
and
(5) To assist lessees in the
operation or erection of
theaters, garages, service
stations, markets, stores, and
other mercantile establishments,
all of which shall be owned by
lessees of the department or by
organizations formed and
controlled by said lessees. 19/
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@@ Line 1: / Line 1: @@
 individual residential lots range from
 ,500 square feet on Oahu to one acre
-on Molokai. 16/
+on Molokai. <u>16</u>/
 Cost and Program Financing
 The greatest problem encountered by
 the DHHL in its residential program is
@@ Line 17: / Line 19: @@
 and sidewalks. These site
 improvements cost about $35,000 per
-un,it, and constructing a house costs
+unit, and constructing a house costs
 another $40,000. Here again, the
 State bears the cost of financing low
 interest loans or guaranteed loans.
-VJJ DHHL estimates that it will
+<u>17</u>/ DHHL estimates that it will
 require $477 million to satisfy the
 present residential waiting list of
-,360 homestead applicants. 18/
+,360 homestead applicants. <u>18</u>/
 The approximate cost of a home
 constructed on homestead lands is
@@ Line 37: / Line 39: @@
 homesteaders complain about substandard
 quality.
 Since 1975, the State of Hawaii has
 provided the homesteading program over
@@ Line 46: / Line 49: @@
 Constitution limits its authority to
 incur debt.
 Loans
 The DHHL is authorized to make
-loans from any revolving loan fund t
+loans from any revolving loan fund to
 lessees for the following purposes:
 (1) The repair, maintenance,
-purchase, or erection of
+:(1) The repair, maintenance, purchase, or erection of dwellings on Hawaiian home lands, and the undertaking of other permanent improvements thereon;
 dwellings on Hawaiian home
-lands, and the undertaking of
+:(2) The purchase of livestock, swine, poultry, fowl, and farm equipment; and
 other permanent improvements
-thereon;
+:(3) Otherwise assisting in the development of tracts, farm and ranch operations;
 (2) The purchase of livestock,
-swine, poultry, fowl, and
+:(4) The cost of:
 farm equipment; and
-(3) Otherwise assisting in the
+::(a) Breaking up, planting and cultivating land, and harvesting crops;
 development of tracts, farm
-and ranch operations;
+::(b) Purchase of seeds, fertilizers, feeds, insecticides medicines and chemicals for disease and pest control for animals and crops, and related supplies required for farm and ranch operations;
 (4) The cost of:
-(a) Breaking up, planting and
+::(c) The erection of fences and other permanent improvements for farm or ranch purposes;
 cultivating land, and
-harvesting crops;
+::(d) The expense of marketing; and
 (b) Purchase of seeds, fertilizers,
-feeds, insecticides
+:(5) To assist lessees in the operation or erection of theaters, garages, service stations, markets, stores, and other mercantile establishments, all of which shall be owned by lessees of the department or by organizations formed andcontrolled by said lessees. <u>19</u>/
 {{p|138}}

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Jennifer Wada at 06:12, 3 April 2006

Jennifer Wada at 10:19, 8 March 2006