Section 15-308-154 - Sale of residential units(a) The developer shall offer all of the market-priced units to those individuals whose names are on the eligible "qualified resident" list by one of the following means: (1) In the order in which their names appear on the list;(2) By the drawing of lots; or(3) By any other reasonable and fair method as determined by the developer.(b) Once the eligible "qualified resident" list is exhausted, the developer has the discretion to sell the remaining units to any purchaser.(c) The developer shall also be required to comply with the following: (1) Prior to the sale of any of the units, the developer shall submit to the corporation, for its review and approval, copies of the sales contracts and deeds which reference the qualified resident preference;(2) Prior to the sale of any of the units, the developer shall submit to the corporation a copy of the covenants, conditions, and restrictions, if any, for review and approval;(3) The developer shall submit to the corporation a list of all of the purchasers by lot number, name, date of sales contract, date of recordation, tax map key, and property address. On this list, the developer shall designate with an asterisk (*) those purchasers who are qualified residents; and(4) The developer shall comply with all applicable state and federal fair housing laws.Haw. Code R. § 15-308-154
[Eff 1/15/2022] (Auth: HRS § 201H-4) (Imp: 24 CFR 108; 24 CFR 200, Subpart M; HRS §§ 201H-1, 201H-45, 515-3; HRS Chapter 514A)[Am and comp 12/10/2022] (Auth: HRS Chapter 514B)