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 2024 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?
ILILANI - NOW SELLING, located in West Kaka'ako, a limited number of affordable 1-bedroom homes are still available. REGISTER YOUR INTEREST BELOW.
ELM STREET DEVELOPMENT - COMING SOON, located on Elm & Sheridan Streets. 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.
KOA RIDGE - COMING SOON, located in Koa Ridge West Oahu. REGISTER YOUR INTEREST BELOW.
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:
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 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).
5) No Shared Appreciation (SAE) requirement for this Affordable Program.
What are the available or coming soon Affordable new construction projects under the City & County of Honolulu's program?
The Park On Keeaumoku - Affordables NOWSELLING, located on Keeaumoku Street. REGISTER YOUR INTEREST BELOW.
The Flats at Sky Ala Moana East - Affordable Housing NOW SELLING, located on Kapiolani Blvd. REGISTER YOUR INTEREST BELOW.
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:
BUYER'S AGENT
Our vast New Construction 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. We never charge a fee or commission for our services as your Buyer's Agent. We are compensated by the Seller/Developer.
It doesn't cost you the Buyer anything to have us represent you, and work in your best interest from start to finish, from application to closing and beyond.
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
