City's affordable housing deal advances

Published On: Jan 06 2014 10:24:00 PM HST

HONOLULU -

The city's affordable housing deal is moving ahead.

The city has extended the financing contingency to potential buyer Honolulu Affordable Housing Partners in order to close the sale of the city's 12 affordable housing properties worth $142 million.

The city has also waived its cash up front request.

City representatives has expressed they are happy with the new terms.

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