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Hawaii News

Hawaii’s plan to develop leasehold homes advances

STAR-ADVERTISER / MAY 17
                                The developer of the Ililani condominium tower, which opened in 2024 in Kakaako, is working with the state to develop a leasehold condo tower for sale to residents with moderate incomes.
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STAR-ADVERTISER / MAY 17

The developer of the Ililani condominium tower, which opened in 2024 in Kakaako, is working with the state to develop a leasehold condo tower for sale to residents with moderate incomes.

STAR-ADVERTISER
                                <strong>“If there is buyer demand, we still see assembling financing for the project as a hurdle. If there is buyer demand and if financing can be assembled, we see the pilot project as a new model for developing affordable housing for local people, that can be replicated.”</strong>
                                <strong>Craig Nakamoto</strong>
                                <em>HCDA executive director</em>
2/2
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STAR-ADVERTISER

“If there is buyer demand, we still see assembling financing for the project as a hurdle. If there is buyer demand and if financing can be assembled, we see the pilot project as a new model for developing affordable housing for local people, that can be replicated.”

Craig Nakamoto

HCDA executive director

STAR-ADVERTISER / MAY 17
                                The developer of the Ililani condominium tower, which opened in 2024 in Kakaako, is working with the state to develop a leasehold condo tower for sale to residents with moderate incomes.
STAR-ADVERTISER
                                <strong>“If there is buyer demand, we still see assembling financing for the project as a hurdle. If there is buyer demand and if financing can be assembled, we see the pilot project as a new model for developing affordable housing for local people, that can be replicated.”</strong>
                                <strong>Craig Nakamoto</strong>
                                <em>HCDA executive director</em>