Makiki ‘Affordable Rental’ Project Don Finish 😃🏢💲
⬇️ Pidgin ⬇️ ⬇️ Black American Slang ⬇️ English
Where dirt bin dey sotay dem clear am, na now newly complete three-story walk-up wey dey affordable for people wey no get too much money dey stand. 🏗️🌆
Developers wey be Paul Lam, Greg Thielen, and Evan Amakata talk say dem 26-unit Makiki-area development na di second for Honolulu, but e be di first under Bill 7. 🏘️🌴
Bill 7 na law wey city put for 2019, e make private developers fit build affordable houses with some incentives like no property tax for 10 years and no fees for city application. 💰🏡
Dem use concrete build di building for 1427 Ernest St. for under nine months. E get 24 studio apartments and two one-bedroom units for di 5,300-square-foot property. 🏢👷♂️🏠
“Nine months ago, di place wey dey behind me bin dey empty,” Lam talk for di ribbon-cutting ceremony on Tuesday morning. “We dey proud to be part of di solution wey allow new members of our community find house wey dem fit pay for Honolulu, instead make dem comot Oahu because of the cost of living.” 🎉🌺🤝
Lam still talk say e get five more affordable rental projects wey dem dey plan, including one wey get 90 units for Pensacola Street. 🏗️🏙️
Inside di Ernest Street building, studio apartments dey 260 square feet, while one-bedroom units get 430 square feet. Dem charge around $1,500 for studio apartments and $1,900 for one-bedroom, and all di utility bills dey included. 💡💧🔌
To qualify, pesin wey dey stay one house suppose earn less than $73,360 per year, and if dem dey two for di house, dem suppose earn less than $83,840 per year. 💲📈🏠
Governor Josh Green and Mayor Rick Blangiardi praise di project as example of how city and state fit build affordable houses for everybody. 🙌👏🏡
Dem yan say dis housing project go add up quickly, especially if dem fit do am inside one year. Dem still yan say dis kind collaboration wey dem see now fit help dem reduce suffering for people wey no get house. 🤗🤝
For inside di blessing ceremony wey happen, Governor Green and Mayor Blangiardi help cut long maile lei. Di developers still yan say dem hope to get tenants inside di building by November 15. 🌺✂️🔑
Dem talk say dem still dey face challenges as di lending environment don change, but dem dey committed to building affordable houses. 💪🏗️🏘️
Na so di matter dey for dis project wey dem don complete for Makiki. 😊🌆🏢
NOW IN BLACK AMERICAN SLANG
Makiki ‘Affordable Rental’ Project in the Bag 😃🏢💲
We went from an empty lot to this fresh three-story walk-up spot for folks lookin’ to save some cash, you feel me? 🏗️🌆
Paul Lam, Greg Thielen, and Evan Amakata, the minds behind the magic, are tellin’ us straight up that this 26-unit Makiki project is only the second of its kind in Honolulu, but it’s the first one happening under Bill 7. 🏘️🌴
Now, Bill 7, that city law from back in 2019, made it a whole lot easier for private players like them to build affordable cribs by throwin’ in some sweet perks, like no property taxes for a decade and no fees for city paperwork. It’s all about that paper, you know? 💰🏡
They pulled this whole thing off with concrete in under nine months, and now we got 24 studios and two one-bedroom spots on a property that’s over 5,300 square feet. It’s a real deal, my friends. 🏢👷♂️🏠
Lam stepped up at the ribbon-cutting event and said, “Nine months ago, this place behind me was a blank slate. We’re honored to be part of the solution, givin’ the new folks in our community a chance to live in Honolulu without breakin’ the bank.” 🎉🌺🤝
And here’s the kicker, Lam’s company, Lam Capital LLC, has got five more affordable projects in the works, including a 90-unit beast over on Pensacola Street. They’re makin’ moves, no doubt. 🏗️🏙️
Inside the Ernest Street spot, the studios are clocking in at 260 square feet, while the one-bedrooms are pushin’ 430 square feet. Rent for a studio starts at around $1,500, and that includes everything from gas and water to trash and lights. The one-bedroom spots are lookin’ at ’bout $1,900, and all those bills are covered. It’s all about keepin’ it easy for the people. 💡💧🔌
Now, to get in on this, you gotta be pullin’ in less than $73,360 a year if you’re solo, or less than $83,840 a year if you’re ridin’ with a partner. We’re talkin’ affordable for real. 💲📈🏠
Now, when Tuesday’s event rolled around, we had some heavy hitters showin’ love. Governor Josh Green and Mayor Rick Blangiardi were in the house, showin’ their support for the project as a prime example of the city and state tag-teamin’ to make affordable housing happen for all the folks out there. 🙌👏🏡
They’re sayin’ these housing deals are gonna pile up quick, especially if they can keep the hustle going and knock ’em out in less than a year. They’re also preachin’ about the power of this kinda teamwork when it comes to takin’ on homelessness and givin’ the city a fresh look. It’s all about makin’ it happen. 🤗🤝
After the blessin’ ceremony, Governor Green and Mayor Blangiardi got down to cut a long, dark green maile lei, marking this project as a done deal. The developers are hopin’ to have folks movin’ in by November 15. It’s a celebration, no doubt. 🌺✂️🔑
Even with some headwinds in the money game, includin’ sky-high interest rates and banks tightenin’ up, the developers are standin’ tall and sayin’ they’re committed to bringin’ more affordable homes to the people. It’s all about that grind, and they’re here for it. 💪🏗️🏘️
This right here is a major move in the quest for more affordable housing in Makiki. It’s all about lookin’ out for the people and makin’ those dreams of affordable living a reality. Keep it real, y’all. 😊🌆🏢
NOW IN ENGLISH
😃🏢💲 Makiki Affordable Rental Project Completed
Where a piece of land was covered in dirt not too long ago, there now stands a newly completed three-story walk-up building that offers affordable housing for those with limited means. 🏗️🌆
The developers, namely Paul Lam, Greg Thielen, and Evan Amakata, proudly state that their 26-unit development in the Makiki area marks the second of its kind in Honolulu, but it’s the first one constructed under the provisions of Bill 7. 🏘️🌴
Bill 7, a city ordinance enacted in 2019, facilitates the construction of affordable homes by providing private developers with incentives such as a 10-year property tax exemption and waiving fees associated with the city’s application process. 💰🏡
The building, located at 1427 Ernest St., was constructed using concrete in less than nine months. It comprises 24 studio apartments and two one-bedroom units on a property spanning over 5,300 square feet. 🏢👷♂️🏠
“Nine months ago, the area behind me was empty,” said Lam during the ribbon-cutting ceremony on a Tuesday morning. “We are proud to be a part of the solution that allows new members of our community to find housing they can afford right here in Honolulu, instead of having to leave Oahu due to the high cost of living.” 🎉🌺🤝
Lam also mentioned that his company, Lam Capital LLC, has plans for five more affordable rental projects in the pipeline, one of which includes a 90-unit project on Pensacola Street. 🏗️🏙️
Inside the Ernest Street building, the studio apartments measure 260 square feet, while the one-bedroom units are 430 square feet. Monthly rents for studio apartments start at around $1,500, which includes all utilities like gas, water, trash, and electricity. One-bedroom units will lease for about $1,900, with all utilities included, according to the developers. 💡💧🔌
To be eligible, a single-person household must have an annual income of less than $73,360, while a two-person household must earn less than $83,840 annually. 💲📈🏠
The event on Tuesday drew the presence of both the state governor, Josh Green, and the mayor, Rick Blangiardi, who commended the project as a testament to the collaborative efforts of the city and state in providing affordable housing options for all income levels. 🙌👏🏡
They emphasized that projects like this one will have a significant impact, especially if they can be completed within a year. They also stressed the importance of such collaboration in addressing homelessness and urban core development. 🤗🤝
During the blessing ceremony, Governor Green and Mayor Blangiardi participated in the cutting of a long, dark green maile lei, symbolizing the project’s completion. The developers expressed hope that tenants would begin moving into the building by November 15. 🌺✂️🔑
Despite challenges in the lending environment, including rising interest rates and reduced bank support, the developers remain committed to continuing their efforts to build affordable housing. 💪🏗️🏘️
This marks the completion of the Makiki project, which is seen as a significant step in addressing the affordable housing shortage. 😊🌆🏢
