Kokua Senior Living affordable project breaks ground
Posted on Sep 27, 2021 in Capitol Connection, Featured, Main
Governor Ige joined representatives from developer Highridge Costa and the state’s Hawaii Housing Finance and Development Corp. to kick off the Kokua project for seniors. The governor said the project is part of the state’s continuing commitment to support affordable housing, especially at the most challenging levels for low-income households. (Photo by: HHFDC/Gordon Pang)
Rendering by: Highridge Costa
Work has begun on the new 224-unit Kokua Senior Living affordable rental tower on Alakea and S. Beretania streets in downtown Honolulu. The units will be marketed to seniors 55 years and older who have annual household incomes between 30 to 60% of the area median income, with rents beginning at $634 a month.
“Even with all the focus on the pandemic, we’re still making progress on affordable housing,” said Governor Ige. “We actually met our goal of 10,000 additional housing units by 2020. Now our new goal is adding 3,000 more new homes by the end of 2022. I’m excited about this project because it’s senior housing with a very convenient location. Being rentals, it ensures these will be for local residents, not out-of-state investors.”
The state’s Hawaii Housing Finance and Development Corp. partnered with developers Highridge Costa and Coastal Rim Properties on the project. The project is slated for completion in August 2023 and will seek lottery applications a few months before the tower is completed.