Rents at new senior housing project in Moiliili to start at $521
HONOLULU (HawaiiNewsNow) - New affordable housing is available in Moiliili for seniors 55 and up.
The complex is called Hale Makana O Moiliili, and it began welcoming tenants in May.
A blessing and opening ceremony officially celebrated the six-story rental housing project on Friday.
The nearly $40 million project was led by Ikenakea Development, a partnership between 3 Leaf Holdings and the Hawaiian Community Development Board.
The building includes 105 units — 80 studios and 25 one-bedroom-one bath units — that can accommodate up to three people. Depending on the unit, tenants can’t earn more than 30% to 60% of Honolulu’s median gross income.
Residents will be paying between $521 to $1,226 for monthly rent.
The state’s affordable housing finance agency had awarded the project a $13.6 million loan to support construction and permanent financing through its Rental Housing Revolving Fund.
“Our people are leaving. They will leave the islands if we can’t produce a lot of housing,” Gov. Josh Green warned at the opening ceremony. He also announced that the Department of Hawaiian Homelands has written an emergency proclamation that will invest $600 million into affordable housing initiatives.
Interested applicants can visit mdihawaii.com/moiliili.
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