Honolulu Mayor Peter Carlisle has signed off on having the city lease it’s 12 affordable housing complexes to Honolulu Affordable Housing Partners LLC for $142 million. Under the agreement, the HAHP will obtain a 65-year lease from the city and would have to keep rental prices within federal affordable housing guidelines. They would also have to spend approximately $42 million in the renovation of the 12 complexes.
Source: Honolulu Star Advertiser, 10-19-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
