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Council adopts financing to support redevelopment of Kuhio Park Terrace; HPHA testifies families relocated, right of return guaranteed
Summary
Council approved Resolution 25-1-198 to issue multifamily housing revenue notes up to $107,710,000 to finance KPLR Phase 1 LP’s redevelopment (Kuhio Park Terrace). Hawaii Public Housing Authority testified that families have been relocated with right of return and new units will serve households at 60% area median income.
The City Council adopted Committee Report 250 and Resolution 25-1-198 authorizing the issuance and delivery of multifamily housing revenue notes in a principal amount not to exceed $107,710,000 to make loans to KPLR Phase 1 LP for a multifamily rental housing development (Kuhio Park Terrace redevelopment).
Hakim Wansafi, executive director of the Hawaii Public Housing Authority (HPHA), testified remotely in strong support,…
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