EAH and Bronx Pro partner on micro-unit project.
Affordable Housing Finance
By Christine Serlin | May 11, 2020
Two developers have teamed to bring much-needed affordable housing to Kaka’ako, Honolulu’s hippest neighborhood.
“The need is huge,” says Marian Gushiken, director of real estate development with nonprofit developer EAH Housing Hawaii. “As an island state, we face some unique challenges with respect to our housing need.”
Historically an industrial area, the Kaka’ako district is undergoing a lot of change, transitioning from commercial and industrial to residential, with market-rate condos popping up and a planned rail station nearby. The new 111-unit Nohona Hale was built on a former surface parking lot owned and leased to the developers by the Hawaii Community Development Authority, which sought to promote an affordable housing building that is green and transit-oriented with smart growth principles. California-based EAH Housing and New York–based Bronx Pro Group did just that.