It's the first affordable housing project on the island since the early 1990s.
Lanai’s first affordable housing project in decades comes from an unlikely source: billionaire Larry Ellison, who owns 98% of the Hawaiian island. The first homes are scheduled to be completed later this year.
Last November, Hawaii’s Land Use Commission gave the Hokuao housing project on Lanai the green light. Proposed by Pulama Lanai, the island management company owned by tech billionaire Larry Ellison, the housing project would be Ellison’s first since purchasing the land in 2012. “When I first moved here, I was OK with living with my significant other and his family. As time went on, more family members joined the household,” testified Alice Granito, who moved to Lanai in 2003. “Although it is a disappointment that this project would not be offering homes for sale, it is great to know that units will be available for rent. This will ease stress to families living in multi-generational and multi-family homes.
“Hokuao is just one part of Pulama Lanai’s overall vision of creating a sustainable and vibrant community,” Keiki-Pua Dancil, senior vice president of government affairs and strategic planning at Pulama Lanai, told SFGATE in an email.
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