Hawaii lawmakers look at preventing investor schemes on affordable housing projects
By Andrew Gomes firstname.lastname@example.org
April 4, 2022
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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.