A new affordable housing development in Halawa, Naulu Apartments, celebrated its grand opening with a blessing ceremony on Friday after a two-year construction period.
Located on Kalaloa Street, the 25-story tower overlooks Pearl Harbor and offers 302 studio, one-, two-, and four-bedroom units. The apartments are designated for households earning between 30% and 60% of the area median income.
“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,” said resident Robert Lindsey.
According to 2024 U.S. Housing and Urban Development guidelines, monthly rents include utilities and will range from $704 for a studio at the 30% AMI level to $2,404 for a four-bedroom unit at the 60% AMI level.
The $168 million development is the largest low-income housing tax credit project built in Hawaii in the past 15 years. As a condition of its government financing, the apartments are required to remain affordable for low-income households for at least 61 years.
“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,” said Gov. Josh Green.
The developer, Pacific Development Group, also incorporated local art into the property by commissioning several murals. Artist and area resident Gavin Murai created a two-story abstract piece in soft blue hues near the elevators.
“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,” Murai said of his inspiration.
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