Maui Planning Commission received just enough votes to move forward with the proposed Makena Resort Project. The proposed 158 Unit project would include 88 multifamily units, 20 single family cottages, 26 single family customs lots, 10 vacation rentals, and a resort oriented 14 condos and commercial space.
The planning commission has been presented with alternative plans that would include affordable workforce housing in one of the buildings. Other proposed alternatives would be moving larger structures inward and have smaller structures be road side.
To read this entire article, visit the Maui News website here.
For more information email us at Hansens@MauiReal Estate.Net of Maui Luxury Real Estate LLC, Wailea Town Center, Maui Hawaii.
Federal Reserve chairwoman Janet L. Yellen, stated Friday that the Fed was likely to raise the benchmark interest rate this month. This increased rate is coming sooner than expected. The last benchmark rate increase occurred in December. The rate was increased from .5 percent to .75 percent.
With healthy unemployment rates at 4.8 percent the Fed considers inflation rising back to 2 percent to be considered optimal. Ms. Yellen expects further increases in upcoming years to maintain a neutral stance.
Information provided by the New York Times. You can read the entire article here.
Don’t forget this Sunday January 22nd the postage rates have increased! New stamp rate is $.49. Other rates for various priority and first class mail services are available to view via the US Postal site here.
Just a reminder…..Last Day to file for property exemption!
The Hansen Ohana wishes you a phenomenal 2017!