06-06-2024, 06:21 PM
Here's a snip from today's HTH that sort of explains why the deal fell through. The money will be made available to other qualified organizations which might apply.
“It was unfortunate to learn that plans by Mental Health Kokua to build much-needed workforce housing at Manago Hotel will no longer be possible,” said Roth spokesman Cyrus Johnasen in a statement Tuesday. “Although the plan was selected as one of seven projects across the island to share in our $17 million Affordable Housing Production Program, the county has no say in negotiations between the buyer and seller of the proposed property.
“We believe that both parties believed in the opportunity for our community and, in the end, were unable to find a way forward.”
Hawaii County Housing Administrator Susan Kunz said via email Wednesday that because Mental Health Kokua failed to complete a finalized purchase agreement, the $5.5 million grant will not be awarded to the nonprofit. Therefore, she added, the funds remain available for other applicants in the AHP program, and a request for proposals is still open until July 1."
Of course no reason was given as to why the parties were "unable to find a way forward," but my guess is that the current owners had better offers from private entities.
“It was unfortunate to learn that plans by Mental Health Kokua to build much-needed workforce housing at Manago Hotel will no longer be possible,” said Roth spokesman Cyrus Johnasen in a statement Tuesday. “Although the plan was selected as one of seven projects across the island to share in our $17 million Affordable Housing Production Program, the county has no say in negotiations between the buyer and seller of the proposed property.
“We believe that both parties believed in the opportunity for our community and, in the end, were unable to find a way forward.”
Hawaii County Housing Administrator Susan Kunz said via email Wednesday that because Mental Health Kokua failed to complete a finalized purchase agreement, the $5.5 million grant will not be awarded to the nonprofit. Therefore, she added, the funds remain available for other applicants in the AHP program, and a request for proposals is still open until July 1."
Of course no reason was given as to why the parties were "unable to find a way forward," but my guess is that the current owners had better offers from private entities.