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CITY LAUNCHES HOUSING PRESERVATION INITIATIVE

 

 

(Fri., Sept.16, 2011)Mayor Peter Carlisle today announced the mission of the Honolulu Affordable Housing Preservation Initiative, which is to secure the future of City rental apartments.

 

            HAHPI will transition ownership and management of 12 City apartment complexes to the private sector while keeping them affordable to lower-income residents, as Carlisle outlined in February during his first State of the City speech.

 

            Officials began informing apartment residents on August 25, 2011 and the project team is currently holding informational briefings at each of the properties to discuss the plans and answer questions.

 

            "Our number one goal is to preserve affordability," said Carlisle. "The rent restrictions, currently in place, will remain. We plan to harness the skills and resources of the private sector to create a better living environment for our residents."  

 

            Conveyance of the properties will be on a leasehold basis, subject to City Council approval. The City will retain ownership of the underlying land. Affordable housing guidelines will remain and there will be no loss of affordable housing units. Existing tenant leases will be honored during the transition.

 

            The 12 apartment complexes, with 1,250 units, are:

 

  • Chinatown Gateway Plaza
  • Marin Tower
  • Chinatown Manor
  • Harbor Village
  • Pauahi Hale
  • Winston Hale
  • West Loch Village Elderly
  • Manoa Gardens
  • Westlake Apartments
  • Kulana Nani
  • Kanoa Apartments
  • Bachelor's Quarters

 

            The City has retained CB Richard Ellis, one of Hawaii's leading real estate brokerage firms, to help solicit and review proposals from private entities interested in acquiring the City's rental housing complexes.

 

            The purchaser, which will be selected through a Request for Proposals, must be a qualified entity with an established track record of successfully operating and maintaining affordable rental housing projects. Upon the conclusion of the sale of the properties, the purchaser will be responsible for the management and maintenance of the rental housing complexes.

 

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Media contact: Louise Kim McCoy, Mayor's Office, 768-7798.

 

Fact Sheet

Honolulu Affordable Housing Preservation Initiative

 

Program Objectives

 

To preserve the City's inventory of rental housing units by transitioning ownership to a private-sector entity which will assume the responsibility to manage, operate, and maintain the rental housing complexes.

 

 

v     Preservation of affordability is the first priority.  Existing affordable rental housing guidelines to remain in place.  There will be no conversion of affordable rental units to market-rate rentals or condominiums.

 

v     Create a new public-private partnership to harness the resources and management skills of the private sector to create a better living environment for apartment residents.

 

v     No displacement.  All tenants in good standing are encouraged to stay and be a part of the future of the rental housing complexes.

 

v     Sale to the private-sector partner will be on a leasehold basis.  The City will retain ownership of the underlying land.

 

Participating Agencies

 

Office of Housing

Department of Community Services

Department of Facility Maintenance

Department of Budget and Fiscal Services Project Management Office

 

Project Consultant

 

CB Richard Ellis

 

Rental Housing Complexes

 

Property

Location

Rental Units

Low/

Moderate

Gap

Market

Total

Bachelor's Quarters

91-1216 Renton Rd., Ewa Villages

10

 

 

10

Chinatown Gateway Plaza

1031 Nuuanu Avenue, Chinatown

41

79

80

200

Chinatown Manor

175 N. Hotel Street, Chinatown

89

 

 

89

Harbor Village

901 River Street, Chinatown

30

30

30

90

Kanoa Apartments

846 Kanoa Street, Palama

14

 

 

14

Kulana Nani

46-229 Kahuhipa Street, Kaneohe

160

 

 

160

Manoa Gardens

2790 Kahaloa Drive, Manoa

 

8

33

41

Marin Tower

60 N. Nimitz Highway, Chinatown

89

72

75

236

Pauahi Hale

126 N. Pauahi Street, Chinatown

77

 

 

77

West Loch Elderly

91-1450 Renton Road, Ewa

150

 

 

150

Westlake Apartments

3139 Ala Ilima Street, Salt Lake

96

 

 

96

Winston Hale

1055 River Street, Chinatown

94

 

 

94

Total

 

850

189

218

1,257

  • Low/Moderate 80% or less of the median family income
  • Gap 80% to 120% of the median family income

Market greater than 120% of the median family income