Wednesday, July 17, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, January 7, 2014
City: Bridge Financing Can Save Housing Deal
By News Release @ 8:27 PM :: 3705 Views :: Honolulu County

Update on affordable housing sale

City receives timely response from Honolulu Affordable Housing Partners, LLC

News Release from City of Honolulu January 7, 2014

Honolulu – On Monday, Jan. 6, the Honolulu Affordable Housing Partners LLC (HAHP) met the city’s deadline to respond regarding its good faith commitment to close the transaction to lease the city’s 12 affordable housing properties by March 31, 2014.  Specifically, HAHP stated:

“…HAHP LLC believes that, if the City and County were to provide “bridge” financing to cover the Purchase Price on terms and conditions agreeable to the City and County and HAHP LLC – and thereby allow HAHP LLC the opportunity and time to do what is necessary to obtain commitments for and to close HAHP LLC’s long-term/permanent financing for the transactions – there would be a reasonable possibility that the requested extension of the Financing Contingency Date would enable (it) to close the transactions by March 31, 2014…”

Managing Director Ember Shinn said: “Based upon representations of the HAHP, the city is pleased to extend the financing contingency to March 31, 2014 in order for the parties to close the sale of the city’s 12 affordable housing properties.  The parties are committed to taking extraordinary efforts to make this deal work for the betterment of the tenants of the housing properties and for the City and its residents.”

See the HAHP letter here.



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii