HHFDC for Housing Developers
FY 2027 Mixed Income Rental Program (MIRP) Funding Round AVAILABLE NOW
This Frequently Asked Questions page is designed for developers, non-profits, and housing partners.
The Hawai’i Housing Finance and Development Corporation (HHFDC) serves as a critical partner for developers by acting as a primary financier and regulatory facilitator for the construction and creation of affordable housing projects across the state.
Financing & Development Support
HHFDC offers financial assistance to housing developers through their core programs. See the menu on this page for detailed information.
The Hawaii Housing Finance and Development Corporation (HHFDC) delivers a comprehensive toolkit designed to make affordable housing development financially viable and structurally efficient. By combining flexible financing mechanisms with robust regulatory relief, HHFDC directly addresses the primary hurdles developers face: high upfront borrowing costs, equity gaps, and lengthy permitting delays. Detailed information and specific guidelines for each of these programs can be found in the menu on the right.
On the financial side, HHFDC utilizes a strategic blend of federal and state tax credits, tax-exempt revenue bonds, and dedicated revolving funds. Together, these tools inject critical equity into projects, supply low-interest interim loans for infrastructure and site acquisition, and offer gap financing to bridge the shortfall between traditional debt and total development costs.
Complementing these financial resources are powerful development and regulatory incentives. Through Chapter 201H, eligible projects can bypass standard local zoning, subdivision, and building code hurdles to drastically accelerate development timelines. Furthermore, HHFDC facilitates substantial savings on raw overhead by granting General Excise Tax (GET) exemptions on building materials and construction costs, lowering the barrier to entry and keeping final housing units affordable.
Ready to begin your project or need further guidance?
or
Know what you are looking for?
Statewide Affordable Housing Map Lookup
Conduct critical local market research, analyze structural metrics, or locate established housing inventories utilizing our public GIS tool.
HHFDC Housing Inventory Pipeline
The HHFDC Housing Inventory Pipeline is our comprehensive, region-specific tracker of affordable housing projects currently in development. This data provides transparency into the state’s housing growth, identifying projects by island, unit count, and development stage.
Explore the Full Housing Pipeline Report →
