Friday, March 21, 2008

The Affordable Housing Fund

The projects are:

• Waiehu Mauka Rental Housing (Lokahi Pacific), $1.2 million. Lokahi plans to develop 40 affordable rental units in seven multifamily buildings on a 6.5-acre lot in Waiehu. Total cost is estimated at $6.9 million. Projected start date is March 2009.

• 901 Lower Main St. (Habitat for Humanity), $1 million. Forty affordable homeownership apartments would be developed on land owned by Habitat for Humanity at 901 Lower Main St. in Wailuku. Total cost is $16.7 million. Projected start date is January 2009.

• Wailuku Wahine Hale Transitional Housing (Lokahi Pacific, Women Helping Women), $1 million. The money would go toward the purchase of a building at 1592 Mill St., which would provide transitional housing to low-income women leaving Women Helping Women’s emergency shelter or island homeless shelters. Total cost is $1.5 million.

• FLC Affordable Rentals (Family Life Center), $1 million. Family Life Center would purchase 10 apartments in the Harbor Lights Condominium and operate them as affordable rentals. Total cost is $1.5 million.

Kamaile Sombelon, executive director of Lokahi Pacific, said the goal for the Waiehu Mauka rental project was to provide housing for “the lowest of the low” — people at the bottom of the income scale — with rents around $600 per month.



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