HONOLULU (HawaiiNewsNow) – Hundreds of Hawaii families will begin moving into their new homes in Kakaako this week as two major affordable housing projects open their doors to new residents.

Ke Kilohana is the first affordable housing tower in Ward Village, and 375 units in the high-rise tower have been reserved for first-time homeowners.

On Tuesday, Ricky and Karen Muraoka were handed the keys to their new two-bedroom, two-bathroom apartment in the 43-story condominium that was developed by Howard Hughes.

The young couple moved to Hawaii from Los Angeles. For Ricky Muraoka, it was an opportunity to come back home to Oahu.

“Who wouldn’t want to live in central Kakaako,” he said. “We’re excited to be able to walk everywhere, and we really were fortunate to get in and have a unit here.”

A two-bedroom affordable unit in Ke Kilohana measures about 750 square feet ― and prices start at around $473,000.

The building comes with amenities like a sky lanai, a kids playground, a theater and a karaoke room.