As used in this chapter, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning or intent:
"Area median income" or "AMI" means area median income for Honolulu that is provided to Fannie Mae by the Federal Housing Finance Agency;
"Authority" or "HCDA" means the Hawaii community development authority established by section 206E-3, HRS;
"Developer" means a private person or an entity who has legal rights to perform or cause to be performed any man-made change over, upon, under, or across improved or unimproved real property within the Kalaeloa CDD;
"Eligible borrower" means any person or family, irrespective of race, creed, national origin, or sex, who:
"Executive director" means the executive director of the authority;
"Gross household income" means the total income, before taxes and personal deductions, received by all members of the applicant's household, including, but not limited to, wages, social security payments, retirement benefits, unemployment benefits, welfare benefits, interest and dividend payments;
"HRS" means the Hawaii Revised Statutes;
"Land trust" means a recorded instrument as defined in chapter 558, HRS;
"Licensed life care facilities" means licensed assisted living facilities as defined in section 321-15.1, HRS;
"Multi-family dwelling" means a residential building consisting of more than one residential unit;
"Net appreciation" means the resale fair market value of a reserved housing unit less the original contract price of the same and actual sales costs incurred, if any;
"Reserved housing" means housing designated for residents in the low-income or moderate-income ranges who meet such eligibility requirements as the authority may adopt by rule;
"Reserved housing unit" means a room or rooms connected together, constituting an independent dwelling that is designated for reserved housing; and
"Residential floor area" means the gross total residential floor area including the dwelling unit(s) and limited common areas such as lobby, hallways, storage, covered recreation area, and similar areas set aside for the residents.
Haw. Code R. § 15-216-5