Thursday, June 7, 2007

Developers dreaming of helping seniors

A few dozen low-income seniors, with fixed incomes vulnerable to escalating rents and mortgages, will soon have another housing option thanks to a tax-credit-assisted project that is coming to market in Wahiawa.
The affordable rental complex, California Avenue Apartments, will hardly satisfy pent-up demand in that market, as its 42 units are just a drop in the bucket compared to the estimated 17,000 or so apartments the state estimates are needed to ease the shortfall in Hawaii's affordable housing.
The developers, a Honolulu partnership named California Dreaming, will host an open house Saturday from 10 a.m. to 2 p.m. on the site at 220 California Avenue. Applicants must be age 62 and above, with annual incomes ranging from $24,950 to $28,500. The three-story complex will feature a garden and senior community center as well as a coin-operated laundry on every floor.

3 comments:

Anonymous said...

More states need to put in areas like this. We have a duty to our seniors. They're our parents and our grandparents. It not ours, than someone else's. And that's good enough for me!

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