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HCDA reports $6 million transfer for Central Kakaako parcel; executive director evaluation discussed in closed session
Summary
The Hawaiʻi Community Development Authority reported that it transferred $5,000,000 from a capital improvement program appropriation and $1,000,000 from its Reserve Housing Special Fund, plus other closing costs, to acquire a parcel in Central Kakaako intended for workforce housing and a community facility.
The Hawaiʻi Community Development Authority reported that it transferred $5,000,000 from a capital improvement program appropriation and $1,000,000 from its Reserve Housing Special Fund, plus other closing costs, to acquire a parcel in Central Kakaako intended for workforce housing and a community facility, Executive Director Nakamoto told the board during the authority's monthly report on financial highlights for August 2025.
The transfer was described by Nakamoto during the authority's regular meeting after an executive session in which the board received legal counsel related to the executive director's "2020 5" annual evaluation and the status of a board-approved salary adjustment. The chair said that during the executive session no…
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