Imi Ikena Housing Partners LLC and EAH Housing welcomed residents, partners and elected officials for the grand opening of the newest workforce housing community in Wailuku last week. The community is a result of an effort to create rental housing affordable to low-income families. Imi Ikena is located at 511 Imi Place.
The development is an income-restricted community. The community is designed for households earning between 30 percent and 50 percent of the area median income.
The apartments adhere to Green design principles by using low-VOC paints, solar water heating, water-conserving plumbing fixtures and Energy Star appliances and light fixtures.
Offering two- and three-bedroom apartment homes, Imi Ikena Apartments is ideal for small and multi-generational families.
The new apartments created between 70 and 80 jobs, including predevelopment, construction and ongoing property management positions. Additional development financing is provided by Bank of Hawai'i and Hunt Capital as the equity investor.