HONOLULU (KHON2) — A blessing was held for a new affordable kupuna housing rental project in Mo’ili’ili on Tuesday, Oct. 5.
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 it is six stories tall.
There are 80 studios that rent for $521 to $1,156.
There are 25 one-bedroom apartments that rent for $546 to $1,226.
All the apartments have a walk-in closet, granite countertops, and ceiling fans.
Those prices are for renters that are at 30 to 60% area median income (AMI).
Renters need to be 55 and older and are also at and below 60% AMI.
The building will have covered parking stalls, bike storage, and a community center.
“At the state level the Hawaii Development Finance Corporation has awarded Hale Makana in Moiliili $1.7 million in state and federal low income housing tax credits,” said Gov. David Ige.”We’ve also committed $13.6 million in rental housing funds so that we can commit to the lowest rental rates for our community.”
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The $39.7 million project will be done by February 2023.