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June 25, 2025
In late April, developers began on the first phase of Uahi Ridge, an affordable rental community located in Lihu'e on Kaua'i. This project aims to support households with incomes at 30%, 40%, 50% and 60% of the Area Median Income (AMI). Of the total units, 14 are specifically set aside for extremely low-income households earning at the 30% AMI level.
The first phase of Uahi Ridge will offer 95 one-, two- and three-bedroom apartments in eight three-story buildings. Hunt Capital Partners is working with the development team to close Phase II in the third quarter of 2025, which will introduce 60 additional affordable homes to the community. The first families are expected to move in starting in spring 2026.
Financing came from Hawai'i Housing Finance and Development Corp., Hula Mae Multifamily Bonds, the Rental Housing Revolving Fund, and federal and state low-income housing tax credits syndicated by Hunt Capital Partners.
For more information, visit huntcapitalpartners.com.