Developers can partner with companies, schools, government agencies or non-profit organizations to leverage. Private and public funds and resources are available for a project.
Bill 7 provides for expedited permit processing to reduce delays and costs for developers.
Developers can build 3 to 4 times the number of units allowable on the same lot area, increasing project yields by spreading fixed costs across a greater unit count.
Developers may be able to obtain fee waivers or reductions for permits, utility, and other costs associated with a project.
Developers are eligible to receive property tax exemptions for 10 years and GET Tax exemptions for construction costs and rental income.
Lam Capital LLC specializes in new construction of multifamily properties on the island of Oahu. We specifically target properties compliant with Honolulu’s affordable housing legislation known as “Bill 7.” At Lam Capital LLC, we are passionate about Hawaii and its geographic and logistical importance on the world’s economic stage. We believe affordable housing on Oahu is critical to preserving the future of Hawaii.
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