Updated at 12:51 p.m., Tuesday, February 13, 2007
Nonprofit wants to own more affordable housing here
Advertiser Staff
EAH Housing, which manages 900 units on O'ahu and Kaua'i, wants to buy the city's 12 affordable-housing complexes.In a news release issued today, the California-based nonprofit said it has approached the city with its plan.
Mayor Mufi Hannemann announced last week his plan to put the complexes on the market. He also said the housing complexes would be kept affordable with deed restrictions.
EAH Housing owns and manages Kukui Tower, Kalani Garden Apartments and other affordable-housing buildings on O'ahu.
EAH vice President Kevin Carney said the nonprofit first inquired about buying the city's affordable-housing properties in 1998.
"Our interest has not waned," Carney said. "We see affordable rental housing as a key public resource. We will do all in our power to see that these properties remain affordable rentals."
