Our project, Hale Makana O Mailii, is mentioned i n the article, Four Hawaii affordable rental projects get tax-credit financing, in Pacific Business News. Here a couple excerpts from the June 21, 2018 article by Janis L. Magin:
Four planned affordable housing projects with nearly 200 units on Oahu, Kauai and the Big Island have been awarded state and federal low-income housing tax credits by the Hawaii Housing and Finance Development Corp. The sale of the tax credits will help the developers finance the cost of building the affordable projects, which have a collective budget of more than $82 million, according to HHFDC, whose board approved the financing last week.
The second-largest project, Hale Makana O Maili, is planned for a site adjacent to the Nanakuli Village Center, a commercial complex being developed by the Hawaiian Community Development Board, with a total budget of $21.8 million. The project will have a total of 52 units, including 51 affordable one-, two- and three-bedroom rentals for tenants making 30 percent to 60 percent of the AMI, and a manager’s unit.
Please see full article here.