{"content":[{"text":"COUNCIL OF THE COUNTY OF MAUl \n HOUSING AND \n HUMAN SERVICES COMMITTEE \n April 7, 2006 Committee \n Page 2 Report No. 06-51","bbox":{"left":0.146976,"top":0.049677,"width":0.733239,"height":0.14466199999999999}},{"text":"prior to implementation of the first-time home buyers' program. Your Committee further \n notes that the first-time home buyers' program will assist income qualified families by \n providing a low-interest loan to fund the down payment for the purchase of a home.","bbox":{"left":0.147401,"top":0.243535,"width":0.7049390000000001,"height":0.05454299999999995}},{"text":"The Director of Housing and Human Concerns stated that the Department \n supports the intent of the draft bill. She further stated that the qualifying standards for \n applicants should be more flexible, the interest provisions of the loan should be clarified, \n and shared equity available to homeowners should be increased.","bbox":{"left":0.147638,"top":0.313232,"width":0.7052510000000001,"height":0.07180999999999998}},{"text":"Ms. Ridao stated that Lokahi Pacific supports the draft bill. She further stated that \n the program will serve a broad group of households because it allows for incomes up to \n 120 percent of the County ofMaui median annual income to qualify.","bbox":{"left":0.147045,"top":0.400184,"width":0.7055910000000001,"height":0.054564999999999975}},{"text":"The Deputy Corporation Counsel advised that the requirement that the applicant \n be \"[a] resident of the county for 3 consecutive calendar years from the date the \n application is submitted\" violates the constitutional right to travel from one State to \n another and is therefore invalid.","bbox":{"left":0.147047,"top":0.469901,"width":0.7056129999999999,"height":0.07182900000000003}},{"text":"The Director of Housing and Human Concerns stated that the draft bill allows the \n Director of Housing and Human Concerns or an authorized representative to award a \n grant for the implementation and administration of the first-time home buyers' program. \n She opined that the participants in this program would probably repay their loans well \n before the IS-year term had expired, and that these funds would then become available to \n another applicant.","bbox":{"left":0.147018,"top":0.556854,"width":0.706751,"height":0.10700100000000012}},{"text":"Ms. Ridao noted that participants in the County of Maui First Time Homebuyers \n Assistance Program often refinance their homes because of increased equity and low \n interest rates.","bbox":{"left":0.147284,"top":0.678977,"width":0.705414,"height":0.054559000000000024}},{"text":"The Director of Housing and Human Concerns stated that no additional U.S. \n Department of Housing and Urban Development (RUD) funding has been released for \n this program.","bbox":{"left":0.146977,"top":0.748674,"width":0.705375,"height":0.05455700000000008}},{"text":"Your Committee requested that the Director of Housing and Human Concerns \n provide any correspondence with the Housing and Community Development Corporation \n of Hawaii (HCDCH), regarding any ongoing issues with the County of Maui First Time \n Homebuyers Assistance Program.","bbox":{"left":0.146974,"top":0.818371,"width":0.7058340000000001,"height":0.07183800000000007}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}