Senior affordable rental breaks ground
Posted on Oct 27, 2021 in Capitol Connection, Featured, Main
An architect’s rendering of Hale Makana O Moili‘ili‘ili.
Governor Ige and community partners join forces.
Governor Ige’s priority of building more affordable rental housing advanced last month with the groundbreaking of Hale Makana O Moi‘ili‘ili. The mid-rise will include 80 studio and 25 one-bedroom units for na kūpuna 55 and older who earn 30 to 60% of area median income. Monthly rents will range from $553 to $1,243. The project is slated to be completed in February 2023.
The governor and Denise Iseri-Matsubara, executive director of the Hawaii Housing Finance and Development Corp., joined the development team of Ho‘okahua Development LLC at the project site on Algaroba Street, across from the McCully-Moili‘ili‘ili Library. “Because of the high cost of land in the islands, affordable housing is nearly impossible for the government to do by itself,” said the governor. “It’s public-private partnerships involving federal, state and county governments that enable projects like this to be done.”