Haw. Code R. § 15-321-2
As used in this chapter:
"Administrator" means the executive director employed by the board or the executive director's designated representative.
"Affordable for-sale housing" means housing for persons or families whose incomes are one hundred twenty per cent or less of the area median income for each of the counties of Hawaii, Kauai, Maui, and the city and county of Honolulu, as determined by HUD from time to time, and as adjusted by family size.
"Affordable homeownership revolving fund" or "fund" means the fund that was established pursuant to section 201H-206, HRS.
"Board" means the board of directors of the Hawaii housing finance and development corporation.
"Corporation" means the Hawaii housing finance and development corporation.
"Development" means the planning, financing, acquisition of real property, demolition of existing structures, clearance of real property, construction, reconstruction, alteration, or repairing of approaches, streets, sidewalks, utilities, and services or other site improvements, or construction, reconstruction, repair, remodeling, extension, equipment, or furnishing of buildings or other structures or any combination of the foregoing, of any housing project. It also includes any and all undertakings necessary therefor, and the acquisition of any housing, in whole or in part.
"Nonprofit community development financial institution" means a domestic nonprofit corporation or other nonprofit entity registered to do business in the State of Hawaii that has been certified by the United States Department of Treasury to provide financial services in low-income communities and to people who lack access to financing.
"Nonprofit housing development organization" means a domestic nonprofit corporation or other nonprofit entity registered to do business in the State of Hawaii whose primary purpose is to provide affordable housing.
"Pre-development costs" means soft costs incurred while determining feasibility of a particular project including, but not limited to, the costs of preliminary financial applications, planning and feasibility studies, legal fees, architectural and engineering fees, environmental site assessments, and other exploratory work.
"Project" or "housing project" means a plan, design, or undertaking for the development of dwelling units, and includes all real and personal property, buildings and improvements, commercial space, lands for farming and gardening, community facilities acquired or constructed or to be acquired or constructed, and all tangible or intangible assets held or used in connection with the housing project.
"Staff" means employees of the corporation.
Haw. Code R. § 15-321-2