State pilot program tapped for Kuilei Place units

The board of a state agency that helps financ Hawaii rdable housing on Thur first approved using $2.4 million to help the developer of Kuilei Place in Moiliili sell 23 affordable c Honolulu ts.

The developer received benefits that included about $12 million in city fee Thursday ons plus buildin $2.4 million density beyond what zonin Kuilei Place the Moiliili Repay 23 nt of subsidies would allow HHFDC to subsidize more units in the future. Building Kuilei Place is expected to start later this year and fin July in Thursday first htText__Nx $10 million span> Legislature NxlG 2023 ater th House a Bill 677 Act 92 "summaryFeed_highLightText__NxlGi">Buildin the Hawaii Housing Finance and l Development Corp. highLightText__NxlGi">June 30, 2028 80 % to 120 % million first xlGi">Kuilei Place 1 % p annual ss="summaryFeed_highLightText__NxlGi">Kobayashi Group Ala 30 years ashi Pakkala o Kuilei Place span class="su 43 aryFeed_highLightText__Nxl 1 i" 005 o Kuilei Pl BlackSand Capital clas Kobayashi Group highLigh 2599 t__NxlGi">Kometani 603 summaryF 60 % highLightText__NxlGi">about $2.4 million 700 about $12 million xt__NxlGi">627 700 626one n> three class="summaryFeed_hig 370 gh 600 to $813 i" 300 0 10380 % to 140 % class="summaryFeed_highLightText__N Oahu ">HHFDC 73 Fe 200 highLightText__NxlGi">two< 104 an 480 four eed_highLightText__NxlGi">54128 < 100 n class="summaryFeed_highL 182 tT 840 __NxlGi">23four span class="summaryFeed_highLig 402 ext__NxlGi">Januaryone three ass="summaryFeed_highLightTe 661 _N 500 to $1.2 million /s Lorna Kometani ass="summa HHFDC d_highLightText__NxlGi">100 Thursday ightText__NxlGi">104 Kuilei Place ">400 75 600 100 to $810 Kuilei Place NxlGi">627 23 xt__NxlGi">three two up to 120 % pan class="summaryFeed_highLightText__NxlGi">26 a few days October Kuilei Place