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City could better manage its housing inventory

By Ernest Y. Martin and Ann Kobayashi

POSTED: 01:30 a.m. HST, Jul 13, 2014

~~<p>In the wake of the collapse of the city's sale of its housing inventory earlier this year, the Honolulu City Council was able to closely look at and review the details and condition of these properties.</p>
<p>The sale included 12 city-owned affordable housing projects totaling $142 million. The buyer's inability to secure financing for the project ultimately led to the termination of the deal, but also revealed underlying concerns by the communities and the residents of the respective properties.</p>
~~

In the wake of the collapse of the city's sale of its housing inventory earlier this year, the Honolulu City Council was able to closely look at and review the details and condition of these properties.

The sale included 12 city-owned affordable housing projects totaling $142 million. The buyer's inability to secure financing for the project ultimately led to the termination of the deal, but also revealed underlying concerns by the communities and the residents of the respective properties. Login for more...



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