#affordable maui

A Final Environmental Assessment with a Finding of No Significant Impact determination was made for the Hale Pilina Family Affordable Rental Housing Project proposed for development in Kahului, Maui.

The Senate Housing Committee advanced a bill that would mandate the State to start negotiations to either keep the units affordable, or to acquire the property.

More than 30 churches and nonprofit groups have joined in supporting Front Street Apartment tenants in their battle to stay in their low-income apartments.

A resolution has passed in committee supporting hundreds of Front Street Apartment tenants in their efforts to keep their rents affordable and avoid eviction.

The 100 percent affordable condominium complex will be located 200 feet from the beach and will feature 39 three-bedroom units starting in the $300,000 price range and a single, one-bedroom unit below $300,000 (fee simple).

Is there any indication of what the rents will be like and will HUD be accepted for the affordable housing being built in Kulamalu?

“The good news is that with half of the sales being below the current price point of $550,000 for single-family residences and $355,000 for condos, we have sales at a more ‘affordable’ level then when the price points are higher.”

Monthly residential and condo unit sales numbers on Maui bounced up and down the last few months, with inventory still decreasing in July after the winter vacation, high sales season. But inventories are growing somewhat as sale prices increase.