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Council votes to use affordable housing funds for Maui projects

February 3, 2012
The Maui News

WAILUKU - Maui County Council members voted this week in support of plans to use $2.9 million from the county's Affordable Housing Fund for projects around Maui.

The council voted Thursday to give initial approval to spending $1.1 million from the fund for Na Hale O Maui's Neighborhood Revitalization Program, which rehabilitates foreclosed and distressed homes into affordable housing; and $500,000 for the county's Kulamalu Affordable Housing Project. Both items are expected to return to the council for second and final reading Feb. 17.

And the council's Budget and Finance Committee voted on Tuesday to recommend approval of four additional projects:

Those projects are expected to come up for first reading at the council's Feb. 17 meeting.

By charter, the county must set aside 2 percent of all property tax revenues for the affordable housing fund through 2015. The money can be used to support government housing projects or be provided to private nonprofit organizations that work on housing issues.

 
 

 

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