Here's some good news and an update:
Affordable housing project is back on track in Kaka'ako
Source:
Honolulu Advertiser
The Halekauwila Place project, announced two years ago, was stalled by financing problems until the Hawai'i Community Development Authority stepped in.
Quick Stats:
1. 201-units
2. 18 stories
A developer and the state have revived an affordable housing project in Kaka'ako stalled by financing troubles, but only after a state agency guiding development in the area took the unusual step of lending money for the planned rental tower on state land.
Directors of the Hawai'i Community Development Authority yesterday agreed to make a $15 million loan that will allow local developer Stanford Carr to proceed with the $86.2 million Halekauwila Place project announced two years ago.
The deal is being hailed as a creative approach that will produce jobs, capital investment and affordable housing as growing numbers of Hawai'i residents face employment and housing struggles in a declining economy.