Davidson said the Hawai'i Housing Finance and Development Corp. wanted to get affordable housing bui

Directors of the Hawai'i Housing Finance and Development Corp. on Thursday selected a proposal by Stanford Carr Development to build an 18-story complex with 196 rental units called Halekauwila Place.
The $76 million project on the makai-diamondhead corner of Keawe and Halekauwila streets is intended to create affordable housing on part of a parcel considered for more than a decade for an affordable rental tower and other uses.
The project also is designed to integrate a mix of families and young professionals with a range of incomes in a building bearing little resemblance to concrete monoliths typically erected for affordable housing.
Halekauwila Place is designed with most units in an 18-story tower. An adjacent four-story monthly car rental toronto parking garage will be fronted on two sides with townhouse-style residential units and topped with a pool and recreation deck.
Unit sizes range from about 540-square-foot studios to three-bedroom units with 1,310 square feet. Monthly rental monthly car rental toronto rates in 2010, when the complex opens, are estimated to be $900 to $2,500 and meet affordability guidelines for tenants earning 80 percent to 140 percent of Honolulu's median income.
Though Stanford Carr Development is the project's developer, Halekauwila Place will be owned and managed by local nonprofit Pacific Housing Assistance Corp. The state will continue to own the land and is granting the project a 65-year lease at $1 a year.
The 1.25-acre project site is part of a nearly seven-acre block � bounded by Pohukaina, Keawe, Halekauwila and Cooke streets � that includes Mother Waldron Park, a public library system operations building, a closed monthly car rental toronto road and a parking lot.
The larger monthly car rental toronto site had long been home to Pohukaina School, which was built in 1912 and at one time had more than 1,100 elementary students. But Kaka'ako's residential population dwindled as industrial businesses transformed the area, and in 1967 the school was converted for use by disabled students. The school was relocated to Kaimuki in 1980, and the building was demolished.
In 1992, the Hawai'i Community Development Authority monthly car rental toronto issued a request for proposals to build an affordable rental monthly car rental toronto high-rise on the site, but that $54 million project fizzled amid the state's economic slowdown.
An idea to develop a new school integrated with affordable housing was briefly monthly car rental toronto floated in 1997. Then in 2005, the Kaka'ako development authority explored the idea of an affordable high-rise and charter school space to serve the area's expanding residential population, but the plan hasn't advanced.
Davidson said the Hawai'i Housing Finance and Development Corp. wanted to get affordable housing built quicker by pursuing a simpler project as opposed monthly car rental toronto to trying monthly car rental toronto to master-plan the block with other agencies. The balance of the block still could be redeveloped later.