Honolulu Star-Advertiser

Monday, December 9, 2024 76° Today's Paper


Hawaii News

Hawaii lawmakers look at preventing investor schemes on affordable housing projects

CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM Palolo Homes, a low-income housing complex which dates to the 1950s, underwent a renovation and management takeover by a local nonprofit in 2002 which continues to manage the property today. A mainland investment firm tried to extort the nonprofit into raising rents and attempted to takeover the project.

CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM

Palolo Homes, a low-income housing complex which dates to the 1950s, underwent a renovation and management takeover by a local nonprofit in 2002 which continues to manage the property today. A mainland investment firm tried to extort the nonprofit into raising rents and attempted to takeover the project.