A new affordable housing development in ‘Ewa Beach will soon welcome its first families.
Construction on Kaleima‘o Village, "has gone well and we are currently ahead of schedule," project manager Stanford Carr, Jr. told Aloha State Daily in an email. "We expect the first families to move in at the end of October or the start of November. The remaining three buildings are expected to be complete and in service by the start of December."
Kaleimaʻo Village is being developed by Komohale West Loch Venture LP, a joint venture between Stanford Carr Development and Standard Communities.
The approximately $60 million rental development — located at 91-1400 Renton Road, on a 3.7-acre lot owned by the City and County of Honolulu — will have 27 one-bedroom, 87 two-bedroom, 12 three-bedroom units, along with a resident manager unit; community center with a meeting space, office, laundry facilities and mailboxes; 128 vehicle and 64 bicycle stalls; and access to the Kualaka‘i and Keone‘ae Skyline rail stations.
Developers broke ground on the project a little more than a year ago.
Carr says that all 126 income-restricted units are available to households earning up to 60% of the area median income, while seven units are set aside for households earning up to 30% AMI. The homes will remain affordable for 61 years.
Income limits vary by household size. For example, for a household of four, 60% AMI is $92,400 while 30% AMI is $46,200. You can find the city's current income limits here.
Monthly rents will run from $698 to $1,564 for a one-bedroom unit; $803 to $1,843 for a two-bedroom unit; and $897 to $2,099 for a three-bedroom unit, Carr noted.
Applications recently opened but the window to apply closed on Sept. 30.
"The response has been strong," Carr says. "We received more than 600 applications within the first two weeks."
Questions? You can contact Hawai‘i Affordable Properties at 808-589-1845 ext. 14 or Kaleimao@hawaiiaffordable.com, or visit kaleimao.com.
Partnering with the development community to build housing on city-owned lands is one of the components of a strategic housing plan the city unveiled last year. You can find the plan here.
The city has sought partners for the redevelopment of a number of properties across O‘ahu.
Most recently, the city is currently finalizing demolition work at the former Dee Lite Bakery site in Kalihi ahead of future transit-oriented redevelopment and preparing for demolition at another city-owned site at 436 Ena Road in Waikīkī, which also is planned to be redeveloped for affordable housing. You can read more about those endeavors here.
Stephanie Salmons can be reached at stephanie@alohastatedaily.com.
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