Parkway Village, a $199 million affordable housing development in Kapolei, welcomed its first residents in December. Built on land owned by the City & County of Honolulu, the public-private partnership was led by Kobayashi Group and Āhē Group with support from the Hawai‘i Housing Finance & Development Corporation.
Units range in size from studios to four-bedroom apartments for individuals and families earning 30 percent to 60 percent of Hawai‘i’s median income, with monthly rents ranging from $641 per month for a studio to $2,266 for a four-bedroom unit.
According to a news release, funding for the project was provided via Low-Income Housing tax credits, Hula Mae bonds and a $36-million Rental Housing Revolving Fund loan.
The first phase of development includes construction of shared green spaces, recreation rooms, a hydroponic container farm aimed at teaching sustainability practices and Hawai‘i’s first privately developed public charter preschool, created in partnership with Kamehameha Schools and operated by Parents And Children Together to serve up to 80 keiki.
A second preschool, set to open later this year and operated by Keiki O Ka ‘Āina, will provide two additional classrooms for 40 more children, and a photovoltaic battery system has also been installed to help reduce energy costs.
Parkway Village’s development team includes Design Partners Inc., Coastal Construction Co. Inc., Jayar Construction Inc., Sato & Associates, Structural Analysis Group, Mechanical Enterprises Inc., Ronald N.S. Ho & Associates, Coffman Engineering, Walters Kimura Motoda and Technology Group.