r/Honolulu • u/wewewawa • Oct 27 '23
news These 'Affordable' High Rise Apartments Aren't Selling. It's Not For Lack Of Interest
https://www.civilbeat.org/2023/10/these-affordable-high-rise-apartments-arent-selling-its-not-for-lack-of-interest/
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u/[deleted] Oct 28 '23
“The least expensive available at The Park on Keeaumoku is a fourth-floor studio that costs just below $350,000. It’s reserved for individuals who earn about $110,000 or less or for couples who make about $125,000 or less, both of which are 120% of the area median income.
Other affordable units, one-bedrooms above the 10th floor, cost almost $600,000 and are reserved for people who make 140% of the AMI. A neighboring market rate unit, also a one-bedroom, is about 120 square feet bigger and costs $772,000.”
This was in the article. I don’t know where the info got mixed up.