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5/01/24
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Kaulana Mahina Apartments, a 324-unit community in the Central Maui community of Wailuku, Hawai’I, has been completed and is now open to the public. The residential project is a development of Legacy Partners and AFL-CIO Building Investment Trust.
Designed as “workforce housing,” 195 of the apartment homes were reserved for households earning more than 505 and up to 140% of the area median income. Demand far outstripped supply for the rental apartments offered to lucky applicants back in Nov. 2023 via lottery.
The remaining 129 homes began leasing this winter with monthly rental rates starting at $3,413. Move-ins began in December and the last building is expected to be finished by June 14.
“Kaulana Mahina Apartments will provide crucial, affordable workforce housing for essential workers, such as teachers, first responders, healthcare professionals, and service industry employees who are critical in supporting our local economy and everyday community needs,” said Maui County Mayor Richard Bissen. “This project provides much anticipated relief through a daunting housing crisis and will provide 324 new rentals for local residents.”
Located at 10 Piha Poepoe Way, Kaulana Mahina’s 324 homes includes studios and one- to three-bedroom units ranging in size from 769 sf to 947 sf. The professionally managed project has many amenities for its residents—a gym, pool, yoga room, resident lounge, lawn area for a playground, and dog park—all included in the monthly rent.
Following section 2.96 of the Maui County Code, the development is 60% affordable and is a 201H affordable housing project. The developer is BIT Wailuku LLC, comprised of BIT Investment One Hundred, LLC, managing member Legacy Partners, Pacific Coast Capital Partners, Dowling Company, Pier Investments, and Schatz Collaborative LLC. The construction and design team is Moss & Associates, Ethos Architecture, Warren S. Unemori Engineering, Inc., and Group Pacific. The property manager is Greystar. The project is collaboration with the County of Maui, the Mayor’s Office, and Maui County Council, as well as Hawai‘i Housing Finance Development Corporation.
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