HALAWA VIEW II & III
On July 11, 2019, the State of Hawaii’s Housing Finance and Development Corp. approved a total of $130 million in tax-exempt bonds, low-interest loans, state and federal tax credits for the 24-story tower and adjacent 22-story tower, which will provide 302 low-income rental apartments in Halawa about ½ mile from Aloha Stadium. HCDB and California-based Pacific Development Group formed Halawa View Housing Partners LP, which hopes to start construction beginning of 2021 and finish by mid 2022.
Most of the 302 apartments will be two-bedroom units with monthly rents between $705 and $1,493. There will also be studios, one-bedroom units and four-bedroom units.
These combined towers are in addition to the existing Halawa View Apartments complex that has 121 low-income rental rehabilitated apartments in a roughly 140-foot tower, and two three-story buildings on a 3-acre site which the partnership developed in 2014.
Adjacent private and public lands are expected be redeveloped over the next several years in anticipation of the rail line opening from Kapolei to the stadium late next year. The State also enacted a law providing $350 million to replace the Aloha Stadium.