In the past year, Councilmember Pine and the Zoning and Housing Committee worked with affordable housing developers tohelp bring truly affordable units to the market, with other affordable projects on the way.
Two affordable housing developments coming soon to Kapolei include Kulana Hale, an affordable rental complex in Kapolei, with units set aside for senior renters, as well as Keahumoa Place, which will be a 320-unit affordable rental complex in east Kapolei, that could break ground as early as this year. Keahumoa Place is a collaboration between affordable housing developer Michaels Development, the State of Hawaii (which owns the land), and the City which is providing incentives and fee waivers to help offset the cost of construction. Last month, my Zoning & Housing Committee provided this project with City construction incentives, paving the way for its groundbreaking. This project is a 100% affordable rental community which will have 320 affordable rentals ranging from$588/month for a 1-bedroom unit up to $2700/month for a large 3-bedroom unit. Working together, we can continue to make positive steps forward to create affordable rental and ownership opportunities for our local families.