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Waiakoa developers present 1,032-unit 201H proposal to HCDA; staff flags plaza, view-corridor and curb-cut issues
Summary
Developers and staff presented the Waiakoa Development Project for 756 Oahu Street under HRS 201H‑38, proposing 1,032 for‑sale units with 60% affordable (620 units), a central public plaza exceeding 25,000 sq ft, up to 68,000 sq ft of commercial space, and requests for multiple exemptions including FAR, height and street-tree placement.
Developers presented plans for the proposed Waiakoa Development Project at 756 Oahu Street to the Hawaiʻi Community Development Authority on Jan. 8, describing a 1,032-unit mixed‑use tower with 60% of units priced as affordable under Hawaii Revised Statutes Section 201H‑38.
Ryan Tam, HCDA director of planning and development, summarized staff comments and the regulatory path: the applicant is seeking review under HRS 201H‑38, which provides exemptions for qualifying affordable housing projects, and is pursuing review through the Hawaii Housing Finance and Development Corporation rather than a standard HCDA development permit. “This project is being proposed under Hawaii Revised Statute Section 201H‑38, which does provide a certain permanent exemption for affordable housing projects with 50% plus 1 units that are priced for households earning up to 140% of the area median income,” Tam said.
Isaiah Sato, representing the applicant team, said the project would include…
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