Hilco Streambank Offering Up to 10 Credits; Offers Due August 8, 2019
Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, is offering real estate developers and investors in Hawai‘i County, Hawaii the opportunity to acquire excess affordable housing credits (the “Credits”) that can be used to satisfy the affordable housing obligations under the Hawai’i County Code.
Hilco Streambank Executive Vice President David Peress stated, “We are offering up to 10 Credits for sale, although more may be made available upon request.” Peress stated that the Credits are especially valuable because there are no radius restrictions, adding that “the Credits may be utilized to satisfy a developer’s affordable housing obligations throughout Hawai’i County (the “Big Island”), including projects in Kona and Hilo.”
Offers for the Credits are due on August 8, 2019. The minimum offer amount per Credit is $25,000. Further information regarding the Credit transfer process and offer documents can be found here.
Peress continued, “The Credits do not expire, and purchasers may re-sell their Credits in increments of one-half Credit or more. We encourage housing, hotel and industrial project developers and investors with Hawai’i County projects in the planning or initial stages of development to contact us for more information regarding how the Credits can add value to their projects.”
Parties interested in the Credits or learning more about the sale process should CLICK HERE or contact Hilco Streambank directly using the contact information provided below.
EVP – Hilco Streambank
Senior Vice President – Hilco Streambank
Associate – Hilco Streambank