Introducing HHFDC’s new Dwelling Unit Revolving Fund Equity Pilot (DEP) program at The Park on Ke`eaumoku located at 1515 Liona Street and 1500 Rycroft Street, Tax Map Key No. (1) 2-3-018-052;

Offering 26 DEP Program Residences.

11 Studio, 1 Bath* $348,647 - $397,000 80% - 100% $69,729 - $79,400 Assistance

14 1 Bed, 1 Bath* $559,500 - $597,000 110% - 120% $83,925 - $89,550 Assistance

1 1 Bed, 1 Bath** $642,000 140% $64,200 Assistance

*These units are part of The Park on Ke`eaumoku's Affordable Housing Program. **This is an unrestricted, market-rate unit.

The DEP program allows HHFDC to purchase equity (contribute funds toward the original sales price) in designated starter units for qualified purchasers.

Designated units will be offered exclusively to eligible buyers on a first-come, firstserved basis. To be eligible for HHFDC's DEP Program, one must:

1. File a DEP affidavit with a Project Sales Team Agent for a Park on Ke`eaumoku unit;

2. Own no other real property;

3. Receive no gift funds;

4. Work in a following profession facing a shortage as determined by HHFDC.

From February 23, 2025 to March 25, 2025: nurses, teachers, police officers, and agricultural field workers.

After March 25, 2025: healthcare workers, educators, law enforcement officers, staff at correctional facilities, agricultural field workers, and Honolulu County specific professions (EMT, water safety officer, construction inspector, and victim's witness counselor). Applications received from non-preferred professions prior to March 25, 2025 may not be processed beforehand. Contact your Project Sales Team agent for more information.

For units that are also part of The Park on Ke`eaumoku's Affordable Housing Program, verify that you meet the basic qualifications:

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. Total gross household income does not exceed the unit’s designated income limit;

5. Total net available household asset does not exceed the purchase price of the unit;

6. Be a person or household member who, either oneself or together or with a household member, do not own or have not owned for three years prior to this application, a majority interest in fee simple or leasehold lands suitable for dwelling purposes; and

7. Not be a person who has previously received assistance under a program designed and implemented by any State or county agency to assist persons to purchase affordable housing units.

These units will be made available to any approved “qualified resident” without regard to race, sex, color, religion, marital status, familial status, age, or human immunodeficiency virus infection. The Park on Ke`eaumoku is a proposed condominium project currently being developed by Keeaumoku Development Owner, LLC that does not yet exist. All figures, facts, information, and prices included in this announcement are approximate and subject to change at any time.

The Park on Keeaumoku is a proposed condominium project currently being developed by Keeaumoku Development Owner, LLC. All content for The Park On Keeaumoku is for informational purposes and subject to change, as it is currently in the planning stages. All images and renderings courtesy of Keeaumoku Development Owner, LLC
ONE Pacific Realty Inc and it's agents represents Buyers with respect to all new construction/development projects on Oahu including The Park on Keeaumoku, unless otherwise indicated. ONE Pacific Realty Inc. does not represent the Seller/Developer, however they do work cooperatively, and may be compensated accordingly.