HCDA secures $6M property in Honolulu for affordable housing development

In a significant move for affordable housing in Honolulu, the Hawaiʻi Community Development Authority (HCDA) has authorized the executive director to execute a purchase agreement for two parcels of land located at 952 Kauai House Street and 955 Laimani Street. The board approved the acquisition for $6 million, which is seen as a crucial step towards developing affordable housing options for residents of Oahu.

During the meeting, board members emphasized the importance of securing this property to prevent it from being lost to other developments that may not prioritize affordable housing. Member Evans highlighted that acquiring land for long-term affordable housing is critical for the community, noting that if HCDA does not act, the opportunity could slip away.

The discussion also touched on the need for adequate space for community programs, particularly for the Kupuna shed, which requires 7,000 to 8,000 square feet to accommodate various educational and workshop activities. Board members expressed a desire for creative solutions to meet these needs, suggesting collaboration with local landowners, including the Office of Hawaiian Affairs, to explore available spaces.

The motion to proceed with the acquisition was met with unanimous support from the board, reflecting a collective commitment to addressing housing challenges in the area. This decision marks a proactive step towards enhancing the availability of affordable housing and community resources in Honolulu, aligning with broader goals of improving living conditions for residents.

As the HCDA moves forward with this acquisition, the community can anticipate further developments aimed at fostering affordable housing solutions and enhancing local programs that benefit residents.