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The Honolulu Advertiser
Posted on: Friday, October 19, 2007

Affordable rentals to be built

Advertiser Staff

Developers plan to break ground Tuesday on an 82-unit affordable-rental housing project on Kaua'i.

Courtyards at Waipouli is being developed as part of a county requirement related to the estimated $1 billion expansion of Kauai Lagoons resort near Lihu'e.

The affordable-rental project, featuring one to three bedrooms, is slated to be completed in early 2009, with initial units in the 10-building complex opening in fall 2008.

Rental applications should be available next summer at the project site at Papaloa Road and Lanikai Street in Waipouli near Kapa'a.

The rentals will be available to those earning 65 percent to 120 percent of Kaua'i's median income, or roughly $40,000 to $73,000 for a family of four.

Another part of the resort's affordable-housing requirement is developing 31 for-sale condominiums for first-time home-buyers earning 80 percent to 120 percent of Kaua'i's median income, or about $51,700 to $73,000.

The expansion of the 800-acre resort includes adding 750 condominiums, time-shares and single-family house lots being developed by Kauai Lagoons LLC, a joint venture between a partnership led by local developer Kevin Showe and Marriott Vacation Club International.