See some of our FAQs below!
Let's take a look at the Honolulu affordable housing requirements. Affordable housing in Honolulu is certainly in short supply. When developers offer them for sale, often because they are required to by state law, hundreds and often thousands apply for the very limited supply. The Ala Moana neighborhood will go through a high-rise boom over the next five years where we could see four or five residential towers along with some rentals and possibly even a condo-hotel. Each of these projects will offer some sort of Affordable Housing whether it be in the form of rentals or for sale units. Some of the projects with affordable housing coming on the market can be found on the right side sidebar.
To see if you're qualified, take a look at some of the FAQs for affordable housing.
What is HHFDC?
The HHFDC or Hawaii Housing Finance and Development Corporation is the agency that oversees all of the affordable housing in Hawaii. They also oversee the financing and development of the affordable of the actual affordable housing units as well.
What are the benefits of HHFDC's Affordable Housing?
- The program allows eligible and qualified applicants to purchase below market pricing
- The opportunity to own and live in a new construction project in town
What are the income limits for Affordable Housing?
Buyers must not have income greater than 140% of the AMI for their respective household size. See below for 2018 AMI. Find your household size at the top of the chart.
Are you eligible for Affordable Housing?
What is the deposit required?
What is the buyback program?
What is the SAE program?
Are you ready to buy?
The Central Ala Moana is most likely the next project to offer Affordable Housing units. It's a great project with very large floor plans which is great, especially if you're going to be living in the unit for the next 10 years.