HONOLULU (AP) - The City of Honolulu is buying an apartment building for $6.9 million to help house homeless families.
Mayor Kirk Caldwell announced the deal to buy a 24-unit building in central Honolulu Wednesday.
Families will get preference to move into the permanent affordable housing.
The building will be open to people who make up to half the area median income, or about $50,000 for a family of four.
Tenants will pay rent to the property manager, Housing Solutions Inc., which runs several transitional and affordable housing properties on Oahu. One-bedroom apartments will go for about $940, and two-bedroom apartments will cost about $1,100.
Two of the units are being retrofitted to serve people with disabilities. Developers will use money from Gov. David Ige's emergency proclamation to pay for the renovations.