Affordable Housing Units In The Works For Kapolei, Waianae
Affordable housing units are on the way for West Oahu.
Residents currently are moving into the first phase of units at Maili Beach Place, a housing development in Waianae. When completed, Maili Beach Place will be comprised of 63 units. Phase two is in the finishing stages of construction, and phase three will be completed in two to three months.
The housing community is spearheaded by umbrella company Northern Swells, LLC, a Utah-based development firm specializing in luxury condominiums and office parks. The company came to the Islands in 2005 and has since conducted smaller remodeling projects in Waianae and Makaha.
“In the local market, we saw there is a need for housing out here – for new housing and especially for affordable housing,” said development manager Harrison C. Horn.
The development includes three- and four-bedroom units that are designed to suit the needs of multi-generational families. In a four-bedroom unit, for example, three bedrooms – a master and two smaller rooms – are upstairs, while another larger bedroom is downstairs. Horn said that the bottom floor bedroom would be ideal for grandparents or adult children who may be sharing the home.
Home prices start at $280,700 for a three-bedroom, 1,224-square-foot unit. The complex also will include a clubhouse, pool, hot tub, barbecue areas and parks.
Maili Beach Place also provides financing options for veterans and low-income households.
For more information about Maili Beach Place, visit gotombp.com or call 387-8661.
Veterans also will have another affordable option soon. First Hawaiian Bank and Cloudbreak Hawaii LLC recently were announced as the recipients of the Affordable Housing Program award by the Federal Home Loan Bank of Seattle (Seattle Bank). The honor won them $450,000 that will go toward the Hale Uhiwai Nalu project, to be built in Kapolei.
Hale Uhiwai Nalu will include 50 studio apartments and is designed for veterans with incomes at or below 80 percent of the median income. Career and family counseling and other social services also will be available to residents.
“The Seattle Bank is very pleased to provide this funding to help Hawaii’s veterans,” said Seattle Bank president and CEO Michael L. Wilson. “We are grateful to First Hawaiian Bank and Cloudbreak Hawaii for their participation in our AHP, and commend them for their commitment to affordable housing.”
“This AHP award will go a long way toward transforming lives by making affordable and transitional housing available to Hawaii’s veterans,” said First Hawaiian Bank president and CEO Bob Harrison.