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Developers readying affordable apartment projects on Oahu

  • CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM
                                Developer Hang Xie of SmartWhale LLC bought this single-family house at 724 Ekela Ave. in Kapahulu for $1.3 million in January and has applied to build a 20-unit low-rise apartment on the site under a city program offering incentives for such projects if 80% of units are rented at affordable rates for households earning no more than the median income.

    CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM

    Developer Hang Xie of SmartWhale LLC bought this single-family house at 724 Ekela Ave. in Kapahulu for $1.3 million in January and has applied to build a 20-unit low-rise apartment on the site under a city program offering incentives for such projects if 80% of units are rented at affordable rates for households earning no more than the median income.

A handful of new low-rise apartment buildings could start rising soon around Oahu as part of a trial city program aimed at increasing the supply of affordable rental apartments. Read more

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