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TOM LINDER/West Hawaii Today Construction equipment sits in the lots of Laʻi ʻOpua Village 4–Akau in Kailua-Kona. The Department of Hawaiian Home our site Lands broke ground on the project Nov. 24, with plans for the first units to be offered to beneficiaries in mid-2021. Vertical construction has started for 60 homes within the Villages of La‘i ‘Opua in Kailua-Kona. The rent-with-option-to-purchase homes, a portion of the greater 118-unit La‘i ‘Opua Village 4 – Akau, are anticipated to be offered to Department of Hawaiian Home Lands beneficiaries in mid-2021, the department said Tuesday. An additional 103 units will be built subsequently to complete Village 4 – Akau and Village 5. Financing for the project will use, in part, federal and state low-income housing tax credit equity secured by Hunt Capital Partners, in collaboration with Ikaika Ohana and Urban Housing Communities. The project will ultimately provide affordable single-family rental homes for DHHL undivided interest and waiting list applicants who can convert their rental into a 99-year homestead lease after 15 years. DHHL’s rent-with-option-to-purchase project targets qualifying families who earn up to 30%, 40% and 60% of the area median income, or AMI.

https://www.hawaiitribune-herald.com/2020/11/25/hawaii-news/construction-begins-on-homes-in-la%CA%BBi-%CA%BBopua/

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