Programs for Housing Developers

HHFDC Program Directory
1. Developer & Project Programs
2026 Funding Round Central portal for consolidated applications, timeline updates, and funding requirements.
HHFDC Qualified Allocation Plan (QAP) Landing Page Official criteria and scoring guidelines for the distribution of Low-Income Housing Tax Credits.
Low-income Housing Tax Credit Program Federal and state tax credits to incentivize affordable rental housing acquisition or building.
Hula Mae Multi-Family Program Tax-exempt revenue bond financing to provide low-interest loans for multi-family developments.
Rental Housing Revolving Fund Equity gap low-interest loans or grants to secure rental unit affordability.
Dwelling Unit Revolving Fund (DURF) Interim construction loans for infrastructure development and site acquisitions.
General Excise Tax (GET) Exemption Tax relief policies designed to directly reduce building and material costs on qualified projects.
201H Development Assistance Exemptions from county planning, zoning, and building codes to expedite development cycles.
Affordable Housing Emergency Proclamation – Certification Application Application process to receive expedited review and regulatory streamlining under active executive emergency orders.
2. Individuals & Single-Family Support
The DURF Equity Pilot (DEP) Program Equity investment programs designed to directly reduce home purchase prices for qualified local residents.
AFFORDABLE HOMEOWNERSHIP REVOLVING FUND (AHRF) Financial assistance funds optimized for building affordable for-sale units and single-family housing plans.
HOME Investment Partnership Program (HOME) Federal block grant pipelines targeted to support local down payment opportunities and family stability.
Housing Trust Fund (HTF) Targeted federal grants specializing in basic housing inventory preservation and safety parameters for low-income households.
Statewide Affordable Housing Inventory List & Interactive Map A spatial public look-up database showing existing units, useful for individuals seeking immediate housing.

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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 affordable housing projects across the state.

Keawe Housing

HHFDC provides essential “gap” financing through tools like the Rental Housing Revolving Fund, Low-Income Housing Tax Credits (LIHTC), and tax-exempt bond financing, which are often necessary to make the economics of affordable housing projects viable.

Beyond financial support, HHFDC significantly accelerates development timelines by offering regulatory relief through Chapter 201H, which allows developers to seek exemptions from certain county zoning, building, and land-use ordinances. By providing these financial incentives, expedited approval processes, and access to state-owned lands, HHFDC helps lower the barriers to entry and reduce the overall costs for developers, ultimately increasing the inventory of affordable rental and for-sale housing in Hawaii.

Financing

HHFDC provides critical financial tools to help developers build, acquire, or rehabilitate affordable housing. This includes tax-exempt revenue bonds and tax credit programs that attract private investment. Additionally, the agency manages revolving funds which provide essential “gap financing” to keep projects viable.

Regulatory & Development Assistance

To streamline the construction process, HHFDC offers regulatory relief and development support. Through Section 201H, the agency can provide expedited land-use approvals, allowing developers to bypass certain local zoning and planning hurdles. Developers may also qualify for General Excise Tax (GET) exemptions, which significantly reduce the cost of constructing affordable housing units.

Learn more by using the links on the directory table at the right of this page! ↑

Developer Resources

Support

201H Development Assistance Guide: Provides instructions and criteria for developers seeking to utilize Chapter 201H to expedite projects through exemptions from certain county zoning, land-use, and building ordinances.
343 Exemption List: A reference guide for developers regarding potential exemptions from the Chapter 343 environmental assessment process, which can streamline project timelines.
HHFDC Investor Relations / Bond Investor Page: Access to official financial reports, bond information, disclosures, structural state municipal credit files, and fiscal auditing reports for partners and stakeholders involved in HHFDC-financed capital projects.

Data and Information

HHFDC Project Awards: A comprehensive archive of historical funding awards, allowing developers to research past project approvals and funding patterns.
Financing Programs’ List of Consolidated Applications / Current Funding Round Consolidated Applicant List: A real-time public log documenting ongoing project proposals currently undergoing review for HHFDC round financing and support.
Statewide Affordable Housing Inventory List & Interactive Map: A spatial database showing existing affordable housing developments, useful for conducting market research and identifying areas with the greatest housing needs.

Hawaiʻi Housing Finance & Development Corporation