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Committee advances $107.7 million multifamily housing revenue note to support KPLR Phase 1 redevelopment
Summary
The Budget Committee recommended reporting out a resolution authorizing up to $107,710,000 in multifamily housing revenue notes to finance a 304‑unit affordable rental redevelopment project for public housing sites identified in the packet.
The Budget Committee on July 21 recommended reporting out Resolution 25‑198, which would authorize the city to issue multifamily housing revenue notes in an amount not to exceed $107,710,000 to provide loans for the redevelopment of a public housing site identified in the packet as KPLR low rises and homes. Kevin Aje (identified in the hearing as director‑designate of the Department of Housing and Land Management) told the committee the project is sponsored by the Hawaii Public Housing Authority with a co‑developer whose principal was present to answer questions.
Why it matters: the project would…
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