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Cohen‑Esrey seeks $1 million from AHAB for 94‑unit senior affordable project at 711 New Hampshire
Summary
Cohen‑Esrey presented a transit‑oriented redevelopment proposal at 711 New Hampshire with 94 studio and one‑bed units priced for 30–80% AMI. The $30 million project includes basement parking and is seeking AHAB gap funds of $1 million pending KHRC tax credit awards.
Jack Britton, development director for Cohen‑Esrey (Kona's Redevelopment Group), presented a proposal for a 94‑unit senior affordable housing project at 711 New Hampshire.
Britton said the project site is 0.71 acres opposite downtown businesses and that the proposed building would be transit‑oriented with a mix of studio, one‑ and two‑bedroom units targeted to households at 30–80% AMI (majority at 50–60% AMI). The developer proposed basement parking to address neighborhood parking concerns and has estimated 107 parking spaces (roughly 1.13 spaces per unit). Britton said the constrained site and parking needs increase per‑unit costs and that the total development budget is about $30 million.
Cohen‑Esrey said it has applied for state and federal LIHTC funding (KHRC) and that the AHAB request of $1 million would help close a financing gap. The team said it is coordinating with the city parking director on mitigation and replacement for any public parking removed by the project and that they would engage neighborhood stakeholders through additional design meetings if awarded tax credits.
Board members questioned the number of accessible units and elevator capacity for a six‑floor senior building; the developer said all units would be visitable and meet fair‑housing design requirements and agreed to consider increasing the percentage of fully accessible units if requested. The board did not take a vote.
