In a recent government meeting, developers presented plans for a significant housing project that aims to address the critical need for affordable housing in the area. The project will feature three entrances—one off Fort Barrett, one on Farrington, and one on the Diamond Head side—facilitating access to the 272-unit development, which includes a mix of one, two, and three-bedroom units designated for households earning 60% of the area median income (AMI) or below.
The developers have submitted a 201H application to the Department of Planning and Permitting (DPP) and are seeking emergency proclamation approval, which they hope to secure by December 2024. This approval is crucial for submitting tax credit applications in February 2025, with the goal of completing financing by August 2025. Construction is anticipated to begin in May 2027, with project completion and lease-up expected by November 2028.
A traffic impact report conducted for the project indicated that the proposed measures would not significantly affect local traffic levels. The developers assured that infrastructure services, including water, sewer, and drainage, are readily available, and sufficient on-site parking will be provided. They emphasized the inclusion of green spaces and water conservation measures in the project design.
Community engagement has been a priority, with outreach efforts involving local neighborhood boards, state representatives, and various stakeholders. Feedback from the community has been largely positive, although concerns about traffic and water infrastructure persist. The developers acknowledged these concerns and have made adjustments to their plans, including the addition of multiple access points to alleviate traffic pressure.
While the developers are committed to addressing community concerns, they clarified that issues related to the nearby Maka Kilo exit are outside their purview. They noted that their traffic report indicated no significant impact on that area, despite community perceptions.
Overall, the project represents a substantial investment in affordable housing, with plans for a total of 900 units over multiple phases, aiming to cater to a range of income levels. The developers expressed their commitment to being responsible community members and are hopeful for continued support from local authorities and residents as they move forward with the project.