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Hawaii approves $340M in funding for 342 affordable homes in West Oahu, with construction starting in 2026.
The Hawaii Housing and Finance Corporation has awarded tax credits and financing for the first phase of Leiwili Kapolei, a mixed-income housing project in West Oahu.
The development, led by ʻIkenākea Development and The Michaels Organization, will deliver 342 affordable rental homes for households earning 30% to 60% of the area median income.
Construction begins in late 2026, with completion targeted for 2028.
The project includes community services through Better Tomorrows, and is funded by a $119.2 million loan, $130 million in tax-exempt bonds, and over $9 million in annual tax credits.
When complete, it will feature up to 900 affordable units, commercial space, green areas, and transit access across nearly 20 acres as part of the 888-acre Villages of Kapolei.
Hawai aprueba $340M en financiamiento para 342 casas asequibles en Oahu Occidental, con la construcción comenzando en 2026.