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August 10, 2023

City Council Approves Condo Tower with Affordable Housing Condition

The Honolulu City Council has approved a planned condominium tower near Ala Moana Center, with a condition that the developer provide 101 affordable rental apartments nearby for twice as long as typically required.

The project, called 1538 Kapiolani Tower, will have 331 condo units. Under the condition approved by the council, the developer, JL Capital, will build the affordable apartments on two nearby sites. The rents for the affordable apartments must remain affordable for 60 years, which is double the standard 30-year period. The affordable apartments will be available to households earning up to 80% of the median income on Oahu.

The council’s approval of the project brings additional much-needed affordable housing to Oahu.

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