Maui tax credit development must stay affordable for 31 years
Lahaina Front Street Apartments, a 142-unit development built using federal housing tax credits, cannot be converted to market-rate housing or sold without the tax credit program's rental restrictions.
Lawsuit filed to pressure developers to keep promise
Three tenants and a prospective tenant are the plaintiffs in the lawsuit filed in 2nd Circuit Court against Front Street Affordable Housing Partners and Hawaii Housing Finance and Development Corp.