Inside Honolulu

Honolulu Affordable Housing Sold for $142M! … Well, Almost.

·By civilbeat

Honolulu Mayor Peter Carlisle announced another incremental step in the city’s attempt to unload its 12 affordable housing complexes.

On June 20, Carlisle revealed it planned to sell the apartment buildings to Honolulu Affordable Housing Partners, which is made up of Highland Property Development, LLC out of Auburn, Calif., Richard Gushman, of Honolulu, and Stephen Gelber, who is a real estate and tax attorney here.

Details about the leasehold sale were sketchy, however, and when Civil Beat asked for documentation we were rebuffed because negotiations were pending.

But on Tuesday, the Mayor’s Office