HAR §15-309-3. Delegation

The corporation delegates to the executive director the authority to implement and carry out the purposes of this chapter. [Eff JAN 1 5 c.02! J (Auth: HRS §201H-4) (Imp: HRS §201H-4) 309-4 care workers, educators, law enforcement officers, staff at correctional facilities, and agricultural field workers; and, if applicable, (4) meets the eligibility requirements set forth in section 15-308-22, Hawaii Administrative Rules. "Housing development project" means a plan, design, or undertaking by the corporation or an eligible developer for the development of units. "Housing development project" includes all real and personal property, buildings and improvements, commercial spaces, lands for farming and gardening, community facilities acquired or constructed or to be acquired or constructed, and all tangible or intangible assets held or used in connection with the housing development project. "Interest rate" means the fixed rate charged on the corporation's equity at one per cent per year, unless otherwise indicated in the qualified purchaser's program agreement. "Qualified purchaser" means an eligible buyer who meets the criteria of the program for which an affidavit is submitted and has entered into a purchase contract and program agreement. "Starter unit" means a unit that is designed to meet the basic living capacity requirements of homebuyers with families of limited size by eliminating needless design and space amenities. "Unit" means: ( 1) the structure and land upon which the structure is constructed, whether on fee simple or leasehold property, developed for residential purposes pursuant to chapter 201H, HRS; or (2) improved or unimproved real property that is developed for residential purposes pursuant to chapter 201H, HRS. "Unit" includes dwelling units. "Value" means the unencumbered value of a unit, without options and upgrades at the time of purchase or capital improvements made by the purchaser after the property is purchased, as determined by a qualified appraiser. [E£f JAN 15 0 24 (Auth: SLH 2023, Act 92, $2) (Imp: SLH

2023, Act 92, §2)