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Naulu Apartments Opens, Bringing 302 Affordable Units to Halawa
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Naulu Apartments Opens, Bringing 302 Affordable Units to Halawa |
New 25-Story Development Addresses Housing Needs in Central Oahu |
After two years of construction, the Naulu Apartments have officially opened in Halawa, offering 302 affordable housing units to the community.
The 25-story building, located on Kalaloa Street, overlooks Pearl Harbor and provides studio, one-, two-, and four-bedroom units reserved for households earning between 30% and 60% of the area median income.
Resident Robert Lindsey expressed his gratitude, stating, "It's such a blessing for me and my family, because the size of our family and the cost of rentals in Hawaii are so high."
Rents, including utilities, range from $704 for a studio at the 30% AMI level to $2,404 for a four-bedroom unit at the 60% AMI level, based on the 2024 U.S. Housing and Urban Development guidelines.
Officials highlight that this $168 million project is the largest low-income housing tax credit development built in Hawaii in the last 15 years.
Governor Josh Green remarked, "Naulu Apartments is a shining example of the good that can be accomplished when the private sector, the state government, and city government come together for a common objective."
As a condition of government financing, rents will remain affordable for low-income households for at least 61 years.
The developer, Pacific Development Group, commissioned local artists to paint several murals on the property. Gavin Murai, a local artist, created an abstract, two-story artwork in soft, blue hues near the elevator bank.
Murai shared his inspiration, "Every day when I drive out to drop off my daughter at school, I look toward the valley and see the clouds rolling in over the Koolaus, which has a misty calming effect."
For more information or to join the waitlist, interested individuals are encouraged to reach out directly to the Naulu Apartments management. |