KAPOLEI, Hawaii — A new, mixed-use development in West Oahu will open its doors by the end of the year and qualified households are being invited to submit applications for a pre-leasing waitlist from now through Aug. 13.
Parkway Village at Kapolei, a mixed-use development, will create 401 affordable rental units and has opened its pre-leasing waitlist applications for 167 of these new apartments dedicated to households earning no more than 30% to 60% of the area median income.
The first phase of move-ins is anticipated for December 2024.
The pre-leasing waitlist application process for the remaining 234 units will be held at a later date.
To qualify for an affordable rental at Parkway Village, applicants must be a U.S. citizen or resident alien, at least 18 years of age, must occupy the unit as their primary residence and demonstrate a positive credit history. Total gross household income cannot exceed the designated 30% to 60% AMI income limits.
Applicants can join the pre-leasing waitlist by applying online at the Parkway Village at Kapolei website through Aug. 13. Units will be selected through a lottery.
Parkway Village will offer rental units ranging from studios to four-bedroom apartments at monthly rents starting at $641 for a studio at 30% AMI to $2,266 for a four-bedroom apartment at 60% AMI. Apartments range from 344 to 1,305 square feet in size and include split system air conditioning and energy-efficient appliances.
Amenities will include three recreation rooms for lounging and entertainment, an outdoor children’s playground, picnic area and green spaces. There will also be 641 onsite parking stalls, nine laundry rooms, and professional management and maintenance will be included.
In addition, Parkway Village aims to address the gap in access to early childhood education, with two onsite preschools offering a total of six classrooms for up to 120 children. Twenty-five of the rental units will also be set aside for trained and licensed child care providers to support keiki under 3 years of age.
Kamehameha Schools will fund the preschool while Parents and Children Together will operate the classrooms.
“It’s not just about housing. It’s about creating a thriving and inclusive community,” stated Kobayashi Group Executive Vice President and Managing Partner Alana Kobayashi Pakkala in a news release. “We know the importance of affordable housing and early childhood education, especially in West Oahu, and we are committed to making a positive impact by providing quality homes for families in our community.
“We look forward to creating a community where families can thrive, children can learn and everyone can feel a sense of belonging,” said Pakkala.
Kobayashi Group and Āhē Group are developing the $199 million project in partnership with the City and County of Honolulu, HHFDC, CREA LLC and Bank of Hawaii. Indigo Real Estate will manage the property.
Parkway Village is being built on city-owned land and received HHFDC financial assistance through a $36 million Rental Housing Revolving Fund Loan, $112 million in Low-Income Housing Tax Credits and $98 million in Hula Mae Multi-Family Tax-Exempt Bonds.
Editor's note: The article has been updated to add information on the remaining 234 units. (June 16, 2024)