HONOLULU (KHON2) – A blessing came for a new affordable rental housing project at kupuna in Mo’ili’ili on Tuesday, October 5th.
The new building is called the Hale Makana O Mo’ili’ili
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It is located at 2139 Algaroba Street.
It has 105 apartments and is six floors.
There are 80 studios that rent between $ 521 and $ 1,156.
There are 25 one-bedroom apartments that rent between $ 546 and $ 1,226.
All apartments have a walk-in closet, granite countertops and ceiling fans.
These prices are for renters with an Area Median Income (AMI) of 30-60%.
Renters must be 55 years of age and over and also have an AMI of 60% or less.
The building will have covered parking spaces, bicycle storage and a community center.
“At the state level, the Hawaii Development Finance Corporation has granted Hale Makana in Moiliili $ 1.7 million in low-income housing tax credits at the state and federal levels.” said Governor David Ige. can commit to providing the lowest rental rates for our community.
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The $ 39.7 million project will be completed by February 2023.