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Developers and supporters ask council to back opening DERF subaccount for Waikapu Country Town

November 07, 2025 | Maui County, Hawaii


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Developers and supporters ask council to back opening DERF subaccount for Waikapu Country Town
A testifier supporting Reso. 25‑207 asked the Maui County Council to communicate to the Hawai‘i Housing Finance and Development Corporation (HHFDC) that it supports opening a DERF (Development Expense Revolving Fund) subaccount for the Waikapu Country Town project. The speaker described the request as preliminary and stressed it would not put county funds at risk.

Jeff Uyoka, counsel for project interests working with the Front Street Recovery Group, and other project representatives were in attendance to answer detailed questions. Uyoka said the project team hopes to obtain a DURF (Developmental Infrastructure Revolving Fund) loan of about $17,000,000 from the state through HHFDC to pay for backbone infrastructure including water, sewer and drainage; he emphasized that the DURF request would not affect the county's budget directly and that council support is a required procedural step.

Speakers asked the council for "floor action" during the meeting. The transcript segment records support and requests for the administrative step but does not include a council vote or a formal council directive in the provided excerpt.

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Scribe from Workplace AI
Scribe from Workplace AI