A new initiative from the Hawai‘i Housing Finance and Development Corporation (HHFDC) aims to support essential workers in Hawai‘i, such as healthcare professionals, educators, law enforcement officers, and agricultural workers, in purchasing their own homes. The DURF Equity Pilot (DEP) Program, a five-year effort that launched this year, is part of the broader Dwelling Unit Revolving Fund (DURF), established in 1970 to help fund housing developments and infrastructure projects. HHFDC’ goal was to explore ways to make housing more affordable for middle-income earners. They have many programs for households earning up to 60% of the area median income, but fewer options for those above that threshold. DURF has received $50 million annually from the state legislature over the past two years, with $10 million allocated for the pilot DEP program. Under the DEP program, HHFDC purchases partial equity in condominium units offered to qualifying professionals, typically 10% to 20% of the purchase price which reduces the upfront cost for the buyer. When the homeowner eventually sells the property, they repay the equity and the state recoups its investment through its share of the equity. To qualify for the program, buyers must already be residents of Hawai‘i and agree to live in the property they purchase, among other eligibility criteria. New construction developments participating in the DEP program along with the avaialble units offered are: Kuilei Place in Moiliili:  28 Two-Bedrooms Modea on Queen Street in Downtown Honolulu: 12 studio and 13 one-bedroom units. The Flats at Sky Ala Moana East: 24 studios and 2 two-bedrooms. For information visit any one of the participating projects above or email us at info@onepacificrealty.com.

📸 Ikenakea Development At ONE Pacific Realty, we are thrilled to share the latest development news from the heart of Kapolei. Local developer Ikenakea Development has announced plans for Leiwili Kapolei, a vibrant new 900-unit affordable housing complex that is set to transform the community. Affordable Housing for Rent and Ownership This mixed-use development will include a variety of affordable housing options, featuring both rental and for-sale residential units. Whether you’re looking to lease or invest in homeownership, Leiwili Kapolei will offer opportunities for individuals and families seeking modern, affordable living in a growing neighborhood. The project could include 484 affordable units catering to 60% AMI and below— meant for rental tenants — as well as 72 affordable for-sale units at 100% to 140% AMI.  A Hub for Living, Shopping, and Dining In addition to the residential component, Leiwili Kapolei will feature mixed-use retail spaces located on the ground floor. Residents and visitors alike will enjoy convenient access to shops, restaurants, and essential services — making Leiwili Kapolei a true hub for living, working, and enjoying all that Kapolei has to offer. Project Timeline and Affordable Housing Focus Ikenakea is leveraging tax credits and 201H exemptions from the Hawaii Housing Finance and Development Corporation (HHFDC) to ensure this project addresses the urgent need for affordable housing. The 201H exemptions are part of a state initiative to streamline affordable housing projects by waiving certain zoning and building code requirements, speeding up the process while maintaining quality standards. The developer anticipates securing city-issued building permits by April 2027, with construction set to begin in May 2027. The projected completion and lease-up for Leiwili Kapolei is slated for November 2028, bringing much-needed housing relief to the area. A Bright Future for Kapolei Leiwili Kapolei represents more than just housing — it’s a vision for Kapolei’s future. As the demand for affordable homes continues to rise, projects like this are key to ensuring sustainable growth and creating vibrant, inclusive communities. We’ll continue to provide updates as this exciting development progresses. Stay tuned for more details about Leiwili Kapolei, and feel free to contact ONE Pacific Realty at info@onepacificrealty.com if you’re interested in learning more about the housing opportunities in this new community. Leiwili Kapolei is not just a project; it’s a promise for a brighter tomorrow.

  This just listed Makaha home consists of 3 bedrooms 1 bath situated on a 4,400 square foot Fee Simple lot located in a community of it's own. It is move in ready, however it is a fixer-upper with lots of potential and perfect as a starter home. There is an additional 400 sq ft of semi closed in garage that does not match tax records. Please note that while this home is a single family dwelling, it is CPR'd. Neighbors on this property are great, caring and completely embrace this little community of its' own. One or more photos have been enhanced.   Asking $540,000 MLS 202421355   For more information and additional photos click the link Just Listed Makaha 3/1. Or email us at info@onepacificrealty.com.