A 127-unit affordable rental complex along Renton Road in ʻEwa Beach has 126 available units and an application deadline of September 30. Kaleimaʻo Village will deliver more than 100 rental units across seven two- and three-story buildings on a 3.7-acre city-owned parcel, arranged around a shared community facility.
According to KHON2, the property will hold 27 one-bedroom apartments, 87 two-bedroom units, and 12 three-bedroom units. The $78 million project is being built through a public-private partnership between Honolulu-based Stanford Carr Development and Los Angeles-based Standard Communities, operating under the joint venture entity Komohale West Loch LLC, according to Building Industry Hawaii. Developer Stanford Carr told KHON2 there is tremendous demand for affordable housing in the area.
Rents Tied to Income, Not Market Rates
All apartments are capped for households earning 60% or less of Oʻahu's Area Median Income, per the Department of Housing and Land Management. The project reserves seven apartments for residents earning at or below 30% of the area median income, while the majority of units go to those earning at or below 60%, according to the same KHON2 report.
At the 30% AMI tier, monthly rents run $698 for a one-bedroom, $803 for a two-bedroom, and $897 for a three-bedroom. At the 60% AMI tier, rents rise to $1,564, $1,843, and $2,099 respectively for one-, two-, and three-bedroom units. The 60% AMI income limit for a four-person household is $92,400.
Financing Revives a Two-Decade-Old Bond Program
Making those below-market rents work required an unusual financing push. The financing push included Honolulu's tax-exempt Private Activity Bonds program, with $30,376,937 in intended tax-exempt issuance alongside a $14.6 million Rental Housing Revolving Fund loan from the state, per the Department of Housing and Land Management. The project also has a 75-year ground lease on the city-owned Fort Weaver Road property to guarantee long-term rent affordability for future tenants.
The project is identified as Kaleimaʻo Village—West Loch Apartments. Officials announced that developers had broken ground on the site.
Built for Life Near the Rail Line
Kaleimaʻo Village was engineered as a transit-oriented development, giving residents direct access to Oʻahu's Skyline light rail system at the nearby Kualakaʻi and Keoneʻae stations, the housing agency notes. The site will offer 137 vehicle stalls and 64 bicycle stalls, along with a community center featuring a meeting space, central laundry facility, administrative office, and mailboxes, according to KHON2's reporting.
Architectural plans for the seven residential buildings came from Honolulu-based Alakea Design Group, with Coastal Construction as general contractor, per Alakea Design Group. Standard Communities and Stanford Carr Development are joint-venture participants.
How to Apply Before the Deadline
Hawaii Affordable Properties, Inc. is the property manager. The application window closes September 30.
The project lands amid a broader push in Honolulu to speed up affordable housing delivery. In January, the Honolulu City Council introduced Bill 15 to cut lease-up delays that often leave completed affordable units sitting vacant.
