Hundreds Apply for Affordable Housing - Hawaii News Now - KGMB and KHNL

Hundreds Apply for Affordable Housing

Lesley Masumoto, first  in line Lesley Masumoto, first in line
Dan Davidson, Hawaii Housing Finance & Devlopment Corp. Dan Davidson, Hawaii Housing Finance & Devlopment Corp.
Bruce Barrett, Castle & Cooke Hawaii Bruce Barrett, Castle & Cooke Hawaii

By: Stephen Florino

KAPOLEI (KHNL) - Hawaii's home prices have skyrocketed, sending the dream of buying a house out of the reach of many. But Saturday, some took a step closer to owning their own home.

It kicks off the application process for the first of three affordable housing projects in Kapolei. When they're all completed, it'll add 476 affordable housing units, and fill a huge void.

This empty lot will soon fulfill the dreams of dozens of families. It's the site of a new, affordable housing project. Lesley Masumoto was first in line at 4:30 in the morning.

"I've always wanted to own my own home, for the last 61 years," said Masumoto. "so a few more hours wouldn't make a difference."

She is just one of more than 500 applying for the opportunity to move into one of the 118-units in Nohona at Kapolei. A lottery will determine the lucky families.

Since they're considered affordable, potential buyers must meet certain salary requirements. Still, the townhomes are expected to cost more than $300,000.

"All of our statistics show families need for sale housing opportunity in the $300,000 range," said Dan Davidson, executive director of the Hawaii Housing Finance and Development Corporation. "Especially if you consider the median income of housing right now is approximately $600,000."

But with a partnership with the state, the developer is able to offer these homes at a much lower price tag.

"That partnership reduces costs, and allows us to provide this affordable housing," said Bruce Barrett, of Castle and Cooke Hawaii. "Without this type of partnerships, we can't do it."

And fulfill the dreams of many hawaii families.

"I believe that I will win the lotto," said Masumoto.

Castle and Cooke is accepting applications until August 31. The lottery is scheduled for the end of September. The first homes should be done next summer.

  • Hawaii News Now headlinesNewsMore>>

  • Italy hunts for blame in bridge collapse that killed 39

    Italy hunts for blame in bridge collapse that killed 39

    Wednesday, August 15 2018 3:26 AM EDT2018-08-15 07:26:11 GMT
    Wednesday, August 15 2018 6:54 PM EDT2018-08-15 22:54:43 GMT
    (Vigili Del Fuoco via AP). In this photo released by the Italian firefighters, rescue teams work among the rubble of the collapsed Morando highway bridge in Genoa, northern Italy, Tuesday, Aug. 14, 2018. A bridge on a main highway linking Italy with Fr...(Vigili Del Fuoco via AP). In this photo released by the Italian firefighters, rescue teams work among the rubble of the collapsed Morando highway bridge in Genoa, northern Italy, Tuesday, Aug. 14, 2018. A bridge on a main highway linking Italy with Fr...

    Rescue and recovery efforts continued through the night into the morning in Italy following the collapse of a highway bridge in Genoa, while authorities raised the death toll to 35 with three missing.

    More >>

    Rescue and recovery efforts continued through the night into the morning in Italy following the collapse of a highway bridge in Genoa, while authorities raised the death toll to 35 with three missing.

    More >>
  • Investigators: Passenger on mainland-bound flight kicked bulkhead, threatened crew

    Investigators: Passenger on mainland-bound flight kicked bulkhead, threatened flight crew

    Wednesday, August 15 2018 6:50 PM EDT2018-08-15 22:50:42 GMT
    Hawaiian Airlines is Hawaii's largest and longest-serving carrier. (Image: Hawaiian Airlines)Hawaiian Airlines is Hawaii's largest and longest-serving carrier. (Image: Hawaiian Airlines)

    The passenger whose alleged belligerent behavior forced a San Francisco-bound plane from Kahului to divert to Oahu was intoxicated, investigators said.

    More >>

    The passenger whose alleged belligerent behavior forced a San Francisco-bound plane from Kahului to divert to Oahu was intoxicated, investigators said.

    More >>
  • White House called toxins contamination 'PR nightmare'

    White House called toxins contamination 'PR nightmare'

    Monday, August 13 2018 1:38 AM EDT2018-08-13 05:38:00 GMT
    Wednesday, August 15 2018 6:47 PM EDT2018-08-15 22:47:32 GMT
    Officials are demanding that the EPA act quickly to clean up local water systems testing positive for dangerous levels of PFAS. (Source: Raycom Media)Officials are demanding that the EPA act quickly to clean up local water systems testing positive for dangerous levels of PFAS. (Source: Raycom Media)

    Officials are demanding that the EPA act quickly to clean up local water systems testing positive for dangerous levels of chemicals used in nonstick cookware, fast-food wrappers and much more.

    More >>

    Officials are demanding that the EPA act quickly to clean up local water systems testing positive for dangerous levels of chemicals used in nonstick cookware, fast-food wrappers and much more.

    More >>
Powered by Frankly