New affordable rental complex in Hilo NOW accepting applications from veterans, surviving spouses and income-qualified seniors! 

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HHFDC selects master planner for key Kapolei parcel

Rendering courtesy of Lowney Architecture 

  The Hawaiʻi Housing Finance and Development Corporation (HHFDC) has selected two experienced homebuilding companies to master plan and develop up to 900 affordable rental and for-sale homes at one of the largest, remaining undeveloped properties in the Villages of Kapolei.

On March 14, HHFDC’s Board of Directors voted unanimously to award developers ʻIkenakea Development LLC and The Michaels Organization a long-term lease for the 19.4-acre property at Farrington Highway and Fort Barrette Road. The property is next to the soon-to-be-opened Hawaiʻi State Veterans Hospital and across from the Kapolei Walmart.

Except for two managers’ units, all rental units are aimed at households earning 30% to 60% of Oʻahu’s area median income (AMI) as set annually by the U.S. Department of Housing and Urban Development (HUD). All sales units are set aside for those earning 80% AMI to 140% AMI.

The developers have named the new community Haku Kapolei — using the Hawaiian definition of “haku” as an intricate style of native Hawaiian lei-making — to describe its new, mixed-use community.

For more information, go to the news release here: https://dbedt.hawaii.gov/hhfdc/files/2024/03/News-Release-031524-Kapolei-NW-Corner-master-planner-selected.pdf

What’s new at HHFDC? 

  • NOW AVAILABLE: (March 21, 2024) The application form for homebuilders seeking affordable housing certification through HHFDC as directed by Governor Josh Green, M.D., in his Fifth Emergency Proclamation on Affordable Housing, is now available.
  • The 2024 Consolidated Applicants List is now public! To see the 2024 list, as well as consolidated applicants lists from previous years, go here. (NEW!)
  • NEWS RELEASE: (March 15, 2024) HHFDC selects master planner for key Kapolei project. (NEW!)
  • The draft Annual Action Plan (AAP) for PY 2024-25 is now available. Click here. (NEW!)
    • A Notice of Public Comment for the draft Annual Action Plan (AAP) is here. The deadline to submit comment is 4 p.m. on April 7, 2024. (NEW!)
  • An updated list of HHFDC-assisted Planned/In Design affordable housing projects is up! Go here to see it! (NEW!)

Archives

For a list of the state’s Planned/In Construction affordable and workforce housing projects, go here

                                                                                                            Hale O Piʻikea (Kīhei, Maui)

Equal Housing Opportunity

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