300-square feet micro studio apartments suitable for maximum two people are coming to Kakkako, Honolulu. The affordable housing project will build on state owned property that is currently used as a parking lot with an eight story, 70 units building.
Hawaii has had a shortage of housing and to solve this problem Hawaii Community Development Authority published a request for proposals to build micro units on Cooke St. The HCDA is planning to build the apartment with affordable monthly rent to residents earning less than median income in Honolulu, which is $57,800 for a single person and $66,100 for two people.
The demanding for affordable housing is related to changing demographics and economic conditions. Recent trends show a rapid increase in single person households which is attributed to increasing numbers of single parents, divorced couples or unmarried couples. Using data from Kakaako, Urban Core Living. 2014 released by Department of Business, Economic Development & Tourism, one person households increased from12% in 1960 to 23% in 2010. However family households decreased from 56% in 1960 to 20% in 2010. Elderly population also has an effect on the housing needs. Hawaii Department of Health expects 20% Oahu’s population will be aged 65 years or older by 2030. Therefore Older populations will require housing that is affordable, well-located and easily accessible to necessary services. Also, among different income groups developing affordable housing is very important since rising housing prices influence on middle income and low income groups alike.
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