Moss Construction Completes $45.4 million Kaiwahine Village
The affordable housing development brings 120 units online in Maui
HONOLULU, HI. – Moss is pleased to announce the completion of the much awaited Kaiwahine Village in Kihei, on the island of Maui.
Developed by Ikaika Ohana, the non-profit managing general partner, Kaiwahine Village is a 70,182 sq. ft. residential project featuring 120 affordable housing units for families earning up to 30, 40 and 60 percent of the area median income. The project’s two- and three-bedroom units, range from 937 sq. ft. to 1362 sq. ft., and have energy star appliances, hard surface flooring, solar water heating, water-wise plumbing fixtures and ceiling fans throughout. In addition, Kaiwahine Village has two on-site employee units and will have on-site property management.
Ikaika Ohana will also sponsor social and education programs at the community and in conjunction with the surrounding schools and community organizations. Hunt Capital Partners provided the equity for the project and Citibank USA funded the construction and permanent financing. The developer utilized the Hawaii Housing Finance Development Corporation’s tax-exempt bonds and tax credit program along with financing made available through the County of Maui’s HOME loan and Housing Trust Funds.
“It was a pleasure to once again work with the teams at Hunt Capital Partners and Ikaika Ohana, and to be able to deliver this much needed project to the Kihei community in Maui,” said Moss Construction VP Doug Rogers. “At Moss, we know that affordable housing an important national issue. We know that Kaiwahine Village will have a lasting impact on Kihei for years to come.”
Designed by Design Partners Inc., Kaiwahine Village’s amenities include a community center, central laundry facilities, tot lots, recreation areas, a clubhouse, and courtyard as well as plenty of on-site parking for residents and guests.
“We are extremely pleased with the final product and the opportunity to develop affordable housing on Maui. We appreciate the contributions from Maui County and HHFDC, along with our other our financial partners to make this project a reality for the Kihei community. The collaboration with Moss Construction was very successful and we enjoyed working together with their team to complete Kaiwahine Village Apartments,” said Ikaika Ohana VP Robert Gaouette.
The project welcomed its first residents in May of 2020.
Moss is a national privately held construction firm providing innovative solutions resulting in award-winning projects. With regional offices across the United States, Moss focuses on construction management, design-build and public-private partnerships. The company’s diverse portfolio encompasses a wide range of sectors, including luxury high-rise residential, landmark mixed-use developments, hospitality, K-12 and higher education, justice, solar energy, and sports. Moss is ranked by Engineering News-Record as one of the nation’s top 75 general contractors. Moss prides itself on a strong entrepreneurial culture that honors safety, quality, client engagement and employee development. Its employees consistently rank Moss as one of the best places to work.