Hale Kewalo: Bringing more affordable rentals to Kaka’akoPosted on Jun 22, 2019 in Capitol Connection, Featured
Hale Kewalo is the latest project to bring more affordable rental units to urban Honolulu for low-income households. The 128-unit building at 450 Pi‘ikoi, just a short walk from Ala Moana Center, opened in May through a public-private partnership between the state’s Hawai‘i Housing Finance and Development Corp. and developer Stanford Carr.
“We talked about doing Kaka‘ako better, and about bringing affordable rentals into this community because it’s definitely something our community asked for,” Governor Ige said. He added that Hale Kewalo was one of the first affordable housing projects considered by his administration after he took office in 2015.
Monthly rent ranges from $656 to $1,093 for one-bedroom units, $787 to $1,575 for two-bedroom units and $1,819 for three-bedroom units. The 60 percent median income limit for tenants equates to $49,020 for a single person, $55,980 for a couple and $69,960 for a family of four.