Hawaiʻi Housing Finance & Development Corporation

Ground was broken in early April on the 1,005-unit affordable, for-sale Kuilei Place in Moʻilʻili. Governor Josh Green (fourth from left) and Hawaiʻi Housing Finance and Development Corporation – HHFDC Executive Director Dean Minakami (not pictured), Honolulu City Council Chairman Tommy Waters, Honolulu Mayor Rick Blangiardi, Kobayashi Group CEO Alana Kobayashi Pakkala, and Kobayashi Group co-founders Patrick Kobayashi and BJ Kobayashi at the groundbreaking ceremony.

 

Sixty percent of the units are designated as either affordable or workforce housing, between 80% and 140% of Area Median Income. The targeted group includes first-time homebuyers in careers that are in high demand such as teachers and nurses. Visit www.kuileiplace.com to learn more about the key roles that Hawaiʻi Housing Finance and Development Corporation – HHFDC — played in this project. More than 85% of the units, which include one-, two and three-bedroom homes, have already been sold. The target market includes kama’āina workforce families.

 

Some of the purchasers may be eligible for HHFDC’s new Dwelling Unit Revolving Fund Equity Pilot (DEP) program. Health care professionals, educators and first responders may be able to achieve homeownership as a result of the DEP program through HHFDC’s purchase of a portion of the equity in specific units. The project is expected to be completed in 2027.

 

“Developments like Kuilei Place prove that we can build for the future while keeping affordability and sustainability at the forefront,” Governor Green said, noting that the community includes many energy-efficient features. Kuilei Place will be the state’s first residential, on-site greywater reuse system, which will recycle water from sinks, showers and laundry machines, thus conserving approximately 11 million gallons of water annually.  

Go to top

• (04/15/2025) Notice of Public Hearing: A draft of proposed amendments to Chapter 15-308 of Hawaii Administrative Rules (HAR), “State Assisted Sales and Lease Program,” will be the subject of a virtual public hearing that is scheduled for May 20, 2025, 11 a.m.
  • To see the official notice, which includes a brief summary of the amendments, go here.
  •  To see a full draft of the proposed amendments, go to the bottom of the Administrative Rules page here. 
  •  To attend the meeting remotely via Microsoft Teams, go here.
• (04/11/2025) The HHFDC Board of Directors held its monthly meeting on April 10, 2025. Click here to see the agenda and support materials.  
• (03/31/2025) The Notice of Public Comment for the Draft Substantial Amendment No. 5 to the PY2018 AAP and Substantial Amendment No. 3 to the PY2021 AAP can be viewed or downloaded here.
• (03/31/2025) The Draft Substantial Amendment No. 5 to the PY2018 AAP and Substantial Amendment No. 3 to the PY2021 AAP is now available. Click here to download or view it.
• (03/25/25) The HHFDC Board of Directors held its monthly meeting on March 13, 2025. Click here to see the agenda and support materials.  
• (03/03/25) Notice of Public Comment Period: The draft of HHFDC’s 5-year Consolidated Plan and the draft PY2025 Annual Action Plan are now public and accepting public comments. The deadline is April 2, 2025 at 4 p.m.
  • To see the Notice of Public Comment for the draft 5-year Consolidated Plan and draft PY2025 Annual Action Plan, go here.
  • To see copies of the draft 5-year Consolidated Plan and draft PY2025 Annual Action Plan, go here. 
• (02/28/25) Those wishing to attend today’s HHFDC Qualified Allocation Plan (QAP) Working Group meeting virtually may do so via Microsoft Teams here.
• (02/25/25) NEWS RELEASE: Expanded HHFDC equity program to help homebuyers who are city employees in jobs facing shortages. Go here.

Click here to our Archives page to see previous news.