WHAT IS AFFORDABLE HOUSING?

Affordable Housing allows eligible and qualified applicants to purchase at below market prices. Purchase prices are income-based and income limits will vary by project. The Hawaii Housing Finance and Development Corporation (HHFDC) is the primary agency charged with overseeing affordable housing, financing, and development in Hawaii. 

 

​What are the benefits?

​1)   Allows eligible and qualified applicants to purchase homes below market prices.
​2)  Long-term Affordable Housing for Local Residents.
​3)  Gifting and co-signing are permissible, and provide an opportunity for homeownership.
​4)  No household size limits (subject to City & County of Honolulu ordinances & developer guidelines).
​

What Is The Area Median Income (AMI) Based On Percentage?

The 2025 income schedule by family size.  

 

What is Shared Appreciation? 

Shared Appreciation Equity (SAE) is a percentage of appreciation and can be paid off at any time. For more information regarding SAE: http://dbedt.hawaii.gov/hhfdc/files/2022/06/HHFDC-Affordable-Program-Restrictions-Side-By-Side.pdf
 

What is the Buyback Program?

The Buyer is required to be an owner occupant for a set number of years that can vary, but are typically 10 years. The buyback program gives the HHFDC the first option to purchase the property in the event of a sale or transfer during the required number of years of ownership. Owner occupancy is a requirement during this period. The restriction automatically terminates at the end of period from the recording date. For more information regarding Buyback visit:  http://dbedt.hawaii.gov/hhfdc/files/2022/06/HHFDC-Affordable-Program-Restrictions-Side-By-Side.pdf

 

What are the available or coming soon Affordable new construction projects in town?

 

KAHUINA - COMING SOON  TO KAKA'AKO, located in the Salt Neighborhood offering a mix of Affordable/Workforce and Market homes priced for island living. REGISTER YOUR INTEREST

 

ILILANI - NOW SELLING, located in West Kaka'ako, a limited number of affordable 1-bedroom homes are still available. REGISTER YOUR INTEREST BELOW.

 

KUILEI PLACE - NOW SELLING, located on Kapiolani Blvd in Moiliili. REGISTER YOUR INTEREST BELOW.

 

ARIA LANE MANOA - COMING SOON, located in Manoa. REGISTER YOUR INTEREST BELOW.

 

WAIAKOA - COMING SOON  TO KAKA'AKO offering Affordable/Workforce & Market Condos.

 

Want to be notified of upcoming Affordable Housing opportunities?  

To be placed on our "Early Interest/Coming Soon" list for upcoming new construction projects including Affordable Housing opportunities, please register below:

Affordable Housing

THE CITY & COUNTY OF HONOLULU, AND THE DPP AFFORDABLE HOUSING PROGRAM

 

There are a number of new construction projects on Oahu that fall under the City & County of Honolulu guidelines and The Department of Permitting and Planning (DPP) Affordable Housing Rules as of March 31st, 2019.

 

What Are The Eligibility Requirements?

(1) Be a citizen of the United States or a resident alien;

(2) Be at least eighteen (18) years of age;

(3) Be domiciled in the State of Hawaii and have a bona-fide intent to physically reside in the affordable housing unit as an owner-occupant for the duration of the restriction period;

(4) The total gross household income shall not exceed the unit's designated income limit;

(5) Have sufficient gross household income to qualify for the loan to finance the purchase and spend no more than thirty three percent (33%) of their gross household income towards monthly housing payments;

(6) The total net available household asset shall not exceed the purchase price of the unit. The Director may determine on a case-by-case basis to waive this requirement if there has been an extreme hardship;

(7) Be a person or household member who, either oneself or together with a household member, does not own or has not owned for a period of three years prior to application, a majority interest in fee simple or leasehold lands suitable for dwelling purposes. The Director may determine on a caseby-case basis that previous or current ownership of majority interest in fee simple or leasehold land

 

What are the Affordable Housing Income Limits?

2025 Affordable Housing Income Limits

 

What are the available or coming soon Affordable new construction projects under the City & County of Honolulu's program?

The Park On Keeaumoku NOW SELLING, located on Keeaumoku Street. REGISTER YOUR INTEREST BELOW.

The Flats at Sky Ala Moana East NOW SELLING, located on Kapiolani Blvd. REGISTER YOUR INTEREST BELOW.

KE'OLU At Koa Ridge COMING SOON, located in Koa Ridge Central Oahu. REGISTER YOUR INTEREST BELOW.

 

 

WE ARE UNIQUE

 

BUYER'S AGENT

Our vast New Construction/New Development project sales experience has shown that many Buyers walk into a project without an Agent to represent them, and end working directly with the project sales team, who in reality represent the Seller (Developer). Many times we see Buyers at the lottery alone, stressed, and under pressure trying to make one of their largest financial decisions without the benefit a Buyer's Agent by their side to consult with, and assist them. 

 

Our experienced ONE Pacific Realty sales team works on your behalf as your Buyer's Agent. We're there in your corner every step along the way, advocating on your behalf.  

 

Our goal here at ONE Pacific Realty is to condition your offer on the Seller paying all of your fee obligation most times resulting in no out of pocket commission expense for you.

 

Our Buyer's Agents work in your best interest from start to finish, from application to closing and beyond.

JOIN OUR TEAM

Most agents are typically one strategy away from having a quantum leap in their production. At ONE Pacific Realty, we consider our agents as business partners. We focus on providing you with all the tools, support and strategies to help you become the best version of yourself.

 

You will have resources, technology, mentoring, training & more at your disposal to take your business to the next level and become a top producing agent. We have everything the big corporate brokerages have, we just don’t charge you all the those extra fees. Since we are independently owned there are also no franchise or marketing fees that reduce your commissions, and you'll love our generous commission splits! To apply visit Join Our Team.

REGISTER YOUR INTEREST IN AFFORDABLE HOUSING

 

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ONE Pacific Realty Inc.

+1(808) 392-8852

Broker | License ID: RB-22838

Broker License ID: RB-22838

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