Kauhale Kakaako

  • Honolulu, HI

Acquired in 2019 In partnership with Honolulu based Stanford Carr Development. Kauhale Kakaako is one of six state-owned low-income rental properties purchased from Hawaii Housing Finance and Development Corp. Built in 1992 the 268-unit 28 story mixed use high-rise building is in the vibrant Kakaako neighbor on the Island of Oahu. All units follow affordability requirements of 161 units at 80% and 106 units at 100% of the AMI. As part of a portfolio wide 85-million-dollar capital improvement plan, the property is just completing an extensive rehabilitation of living spaces. Improvements include replacement of cabinets and countertops in the kitchens and bathrooms with new faucets and plumbing connections, new flooring and paint, and new appliances including a refrigerator, range, and exhaust hood. Capital improvements to the exterior building and common areas will include replacement of roofs when needed, new fitness center, new resource center, rec deck improvements, exterior paint, and elevator modifications.

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