From left to proper (entrance row): Michael Costa (Highridge Costa), Moe Mohanna (Highridge Costa), Hakim Ouansafi (HPHA), Hawai‘i Governor Josh Inexperienced are joined by HPHA workers and different elected officers within the Governor’s Workplace in downtown Honolulu for the a
From left to proper: Chris Deuchar (Kind Companions), Hakim Ouansafi (HPHA), Moe Mohanna (Highridge Costa), Hawai‘i Governor Josh Inexperienced and Michael Costa (Highridge Costa) collect following the announcement of Ka Lei Momi in Honolulu.
Highridge Costa will develop Ka Lei Momi to ship new, reasonably priced leases and for-sale models in mixed-income, mixed-use and transit-oriented communities
— Hakim Ouansafi, HPHA Government Director
HONOLULU, HAWAII, UNITED STATES, July 5, 2023/EINPresswire.com/ — Governor Josh Inexperienced M.D., and The Hawaiʻi Public Housing Authority (HPHA) introduced a Master Developer that might be accountable for
redeveloping a part of the state’s public housing stock. Highridge Costa Improvement Co. will full the work in a number of phases and create extra than 10,000 reasonably priced housing models for 9 properties all through the state. This effort is named the Ka Lei Momi Redevelopment Venture and its imaginative and prescient is to exchange and create housing models for very low-income people, households, and workforce workers.
“The Ka Lei Momi Venture is the beginning of our journey to revitalize a number of communities inside our public housing stock,” mentioned HPHA Government Director Hakim Ouansafi. “Redevelopment presents an distinctive alternative to shut the hole between the necessity and provide of reasonably priced housing in Hawaiʻi whereas additionally remodeling our present low-density public housing properties into fashionable, mixed-use, mixed-income, transit-oriented communities. The solely possibility to serve the waitlists and provides decisions to our residents to stay close to their ohana, is to construct extra housing particularly in areas the place there’s focus of poverty.”
This announcement follows the current invoice signings by Governor Josh Inexperienced, M.D., that deliver reduction to the housing scarcity, help for people going through homelessness, and a supportive housing pilot program. “All of those items work collectively to actually assist alleviate the housing disaster,” mentioned Governor Inexperienced. “We’re grateful to the management of each the Home and Senate for supporting our shared imaginative and prescient to meaningfully generate vital reduction for our working households and our most susceptible communities.”
“Governor Inexperienced has made a dedication to reasonably priced housing in an even bigger method than we’ve seen in every other state within the nation,” says Michael Costa, President and CEO, Highridge Costa. For Moe Mohanna, President of Highridge Costa Improvement Firm, he says the purpose is to ship new housing communities that can change the lives of kamaʻāina. “At Highridge Costa, we sincerely imagine everybody deserves a protected, enticing place to name dwelling, and we’re humbled and honored to assist make that dream attainable by means of our work as grasp developer for Ka Lei Momi in partnership with HPHA.”
About Highridge Costa Firm:
Since 1994, California-based Highridge Costa has been altering lives by means of the event, preservation, possession and operation of high quality new and repositioned reasonably priced, workforce and senior housing. With almost 310 communities and extra than 30,000 reasonably priced properties all through Hawai‘i, the continental U.S. and Puerto Rico, Highridge Costa focuses on enticing, architecturally vital, multifamily dwelling environments that combine seamlessly into rural, suburban and metropolis neighborhoods. Its experience with federal Part 42 Low Earnings Housing Tax Credit (LIHTC), with tax exempt mortgage-backed income bonds and with different federal, state and native housing finance and grant packages make it one of many nation’s most educated builders and asset managers within the extremely specialised housing tax credit score business. Study extra at hcosta.com.
Concerning the HPHA:
The Hawaiʻi Public Housing Authority is the only statewide public housing company within the State of Hawaiʻi. Its mission is to develop and supply protected, respectable, and reasonably priced housing to Hawaiʻi’s low-income households, seniors, and people with disabilities. The Authority administers roughly 6,200 federal and state low-income public housing models on 5 islands; extra than 4,000 rental help vouchers; and three,000 Efficiency-Primarily based Contract Administration (PBCA) models.
Digital belongings from the signing ceremony could be credited to the Workplace of the Governor.
Dallas Ontiveros, Housing Data Officer
Hawai’i Public Housing Authority
+1 808-620-1050
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