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October 15, 2025
On August 29, Hunt Companies Hawai‘i and Hunt Capital Partners (HCP) celebrated the grand opening of Nāulu Tower, a $168 million affordable high-rise that will be home to 302 low-income local families.
Special guests at the grand opening included Scott Glenn, senior advisor for federal affairs, climate and housing, representing Gov. Josh Green; Krishna Jayaram, deputy managing director, representing Mayor Rick Blangiardi; and Dean Minakami, executive director of the Hawai‘i Housing Finance & Development Corporation (HHFDC). Also in attendance were HCP President Jeff Weiss, Managing Director of Funds Management and Investor Relations John Lee, Hunt Companies Hawai‘i President Steve Colón, Executive Vice President Paul Kay, Senior Vice President Thomas Lee and other members of the Hunt Companies Hawai‘i team.
Developed by Pacific Development Group in partnership with Hunt Companies Hawai‘i and HCP, the project offers rental apartments for families earning up to 60% of the Area Median Income (AMI). Monthly rents span from $637 to $2,178, covering studios and one-, two-, and three-bedroom units.
The community is conveniently located across from Pearl Harbor and the USS Arizona Memorial. The Skyline Hālawa Aloha Stadium Station is a mere 10-minute walk away. Construction on Nāulu Tower, formerly known as Hālawa View II, began in July 2023.
Nāulu Tower is a result of an extensive publicprivate partnership between the State of Hawai‘i, the City and County of Honolulu and the project team. General partners include Pacific Development Group, Mark Development, Hawaiian Community Development Board and Hawai‘i Assisted Housing Inc. Limited partners include Hunt Capital Partners and Hunt Development Group. Hunt Capital Partners is Hunt’s tax-credit syndication division.
“The completion of Nāulu Tower represents an important step forward in addressing the need for affordable housing, adding 302 new, high-quality affordable homes for local families,” said Jeff Weiss. “Hunt Capital Partners is proud to celebrate with our partners on this significant milestone.”
Financing is provided by Hawai‘i Housing Finance & Development Corp., the City and County of Honolulu and Bank of Hawai‘i, with the Federal Low-Income Housing Tax Credits syndicated by Hunt Capital Partners through a proprietary fund with JPMorgan Chase.
Nāulu Tower is one of Hunt Capital Partners’ 25 current projects in Hawai‘i with 12 different developer partners. Since its inception in 2010, Hunt Capital Partners has worked to create 1,889 new or renovated affordable homes in every county across the state, providing housing for approximately 5,976 island residents.
