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City Soliciting Expressions of Interest for its Private Activity Bond Program

City Soliciting Expressions of Interest for its Private Activity Bond Program

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June 24, 2022
City Soliciting Expressions of Interest for its Private Activity Bond Program 

HONOLULU – After a 23 year absence, the City and County of Honolulu is returning as an active issuer of tax-exempt special revenue bonds, or private activity bonds (PAB).  

The PAB program is available to developers of projects having a minimum 20 percent of the total number of units targeted to households earning 50 percent or less of the area median income (AMI), or a minimum of 40 percent of the total number of units set aside to households earning 60 percent or less of the AMI.  

Under the Internal Revenue Code, a municipality such as the City can use its private activity bond volume allocation to issue tax-exempt special revenue bonds, the proceeds of which a developer would use to construct or acquire and rehabilitate affordable rental units. The tax-exempt special revenue bonds are not secured by the City’s credit, instead the bonds are secured by the developer’s project. 

“Affordable housing is a top priority for our administration and for the communities we serve,” said Mayor Rick Blangiardi. “Executing on that priority means a willingness to consider and try new approaches on regulations, city permitting processes, land acquisitions, and in this case, once again becoming an issuer of financial incentives for entities that are creating or preserving affordable housing on our island.”

The City is soliciting expressions of interest for its 2020 approximately $120M PAB volume cap. This will be a preliminary step for the City to understand the demand for private activity bonds.

Interested parties should review http://oneoahu.org/pab for a copy of the City’s PAB Rules, PAB Handbook, and the Tax-Exempt Affordable Housing Bond Program Expression of Interest Form.  

Expression of Interest Forms will be accepted from the date of this notice through 4:30 p.m. Thursday, August 4, 2022.   

Queen’s Health System COVID Vaccination Sites for Children 4 and Under

HONOLULU (HawaiiNewsNow) - As the state expands vaccine eligibility to those as young as 6 months to 4 years old, the Queen’s Health System began accepting appointments on Thursday.

According to Queen’s, clinics will only be offering the Pfizer vaccine in a three-dose series.

In addition, shots will be administered by appointment only.

Vaccination sites include:

  • Queen’s Medicine Pediatrics Clinic
    • Wednesdays and Saturdays (specific weeks) from 8 a.m. to noon
  • Queen Emma Clinics
    • Tuesday from 10 a.m. to 4 p.m.
  • EmPower Health
    • Monday and Friday from 10 a.m. to 4 p.m.
  • The Queen’s Medical Center — West Oahu After Hours Clinic
    • Monday through Friday from 5 p.m. to 9 p.m.
  • The Queen’s Health Care Centers — Kahala
    • Thursday and Friday from 10 a.m. to 4 p.m.

The organization said hours are subject to change based on vaccine availability.

Vaccinations at Queen’s North Hawaii Community Hospital and Molokai General Hospital will be announced soon.

Make an appointment by calling (808) 691-2222

ATTEND OUR NEXT EVENT

Tuesday, June 28, 2022
The Pacific Club

Southwest® CEO Bob Jordan invites you into a conversation, as part of the Chamber’s ongoing CEO Leadership Series, to discuss how the Hawaii’s second-largest air carrier views its role in setting and achieving climate goals that mitigate the overall environmental impact of tourism.


For more information and to register,
click here. 
Monday, July 25, 2022
Halekulani

Panel discussion on the return of Hawaii's largest international visitor market, Japan. Including guest speakers:

Consul General of Japan Yutaka Aoki providing opening remarks
  • Chi Hoon Bang, Director of Sales & Marketing, Halepuna Waikiki by Halekulani
  • Meli James, Co-Founder, Mana up
  • Tetsuya “Ted” Kubo, President  CEO, JTB Hawaii
  • Julie Plant, VP of Retail, Honolulu Cookie Company
  • Ryan Tanaka, Chair, Hawaii Restaurant Association
  • Eric Takahata, Managing Director, Hawaii Tourism Japan
  • Janice Yasunaga, Director of Sales, Japan Airlines Hawaii Region
  • Moderated by Dave Erdman, PacRim Marketing Group, Inc.
For more information and to register,
click here. 
Friday, August 5, 2022
Hoakalei Country Club

Join us for the newest addition to the Business After Hours networking series of events, Fore & Pour for golf and pau hana on Friday, August 5, 2022 at 3:30 PM at Hoakalei Country Club. Enjoy a 9-hole scramble (play best ball) followed by pau hana at Hoakalei's poolside bar.

For more information and to register,

click here. 
Friday, August 26, 2022
Sheraton Waikiki

A must-attend event of the year to hear in depth presentation on growing human resource related trends that are often overlooked. Take advantage of the opportunity to ask complicated HR questions to the panel of experts and receive immediate feedback to your most pressing topics.


For more information and to register,
click here. 
Monday, October 3, 2022
Hoakalei Country Club

 
Hole-in-One Lifetime Experience Sponsored by Workwear Outfitters
 
Win a trip to the Masters! You and a guest will receive airfare, hotel accommodations and one round of golf for 2 people.

 
For more information and to register,
click here. 
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