Quantcast

Friday, August 29, 2014         

 Print   Email   Most Popular   Save   Post   Retweet

City Council postpones final votes on selling housing units

By Star-Advertiser staff

POSTED:



The City Council Budget Committee advanced tonight four resolutions needed for the city to sell 12 affordable-housing properties to a private developer.

Committee members, however, said they do not want a final vote on the measures before the full City Council at its meeting Wednesday as originally planned.

The measures are needed to seal an agreement to issue a 65-year lease for the 12 complexes to the private Hono­lulu Affordable Housing Partners LLC. The city would get $142 million in cash and an additional $42 million in improvements at those properties.

Council Budget Chairwoman Ann Koba­ya­shi said she and colleagues want assurances that no one living in the units is displaced as a result of rent increases.

The extra time will allow the Carlisle administration and HAHP officials time to gather information requested by Council members, including plans by HAHP to give away three of the least profitable properties to nonprofit companies.






 Print   Email   Most Popular   Save   Post   Retweet

IN OTHER NEWS
Breaking News