Cries over ‘poor door’ ignore worse segregation in affordable housing
By Andrew Gomes firstname.lastname@example.org
Feb. 12, 2018
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CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM
The Pagoda Terrace hotel in Pawaa was converted to 162 affordable condominiums to satisfy a requirement for market-priced housing in Kakaako. The hotel, built in 1962, was renamed Rycroft Terrace. Units sold for $123,480 to $274,950. Kamehameha Schools used the hotel to satisfy a requirement for providing 100 affordable homes as part of a master plan for new housing in Kakaako.
JAMM AQUINO / JAQUINO@STARADVERTISER.COM
The 42-story Keola Lai condominium in Kakaako was completed in 2008 by Alexander & Baldwin Inc., which provided some units priced below market plus cash to satisfy an affordable-housing requirement. There were 63 affordable units in the building, representing 18 percent of the 352-unit total. A&B also gave a state agency $1.2 million to fully satisfy Keola Lai’s affordable-housing requirement.