The Maui News - Habitat for Humanity Maui broke ground on its new 16-unit condominium project in Happy Valley on Thursday, Aug. 16.
The three-story, multiunit structure at 2024 Kahawai St. along 'Iao Stream is a first for Habitat for Humanity Maui, though multifamily units have been built on the Mainland, said Habitat Executive Director Sherri Dodson.
The 11,000-square-foot parcel, which had become a dumping ground for tires and old appliances, cost the agency about $300,000, Dodson said.
Contractors have been hired to build the first-floor concrete garage and will be used to put in the plumbing, electrical and fire suppression systems, she said.
After the completion of the first floor, which is expected to take about six months, the owners of the units and volunteers will erect the steel framing and complete the job. Dodson estimates an 18-month to two-year project duration.
Habitat, which has helped 75 families become homeowners, is the mortgage holder for all of its families. The agency assesses the families the cost of building supplies, which in this project Dodson estimated to be between $200,000 and $235,000.
At Habitat's 0 percent interest rate, the families will have a mortgages of approximately $800 to $1,000 per month.