The DURF Equity Pilot (DEP) Program
DURF Equity Pilot (DEP) Program
The DEP Program aims to create more homeownership opportunities by allowing HHFDC to purchase equity in designated units, significantly lowering the purchase price for qualified Hawaiʻi residents.
Kuilei Place rendering courtesy of Kobayashi Group
HHFDC works with developers to purchase equity in units sold to qualified residents, specifically targeting professions with critical shortages in the state. This initiative helps keep essential workers living in the communities they serve.
Program Eligibility
- Units must meet HHFDC’s “starter unit” definition.
- Must be approved by the HHFDC Board of Directors.
- Must comply with Chapter 15-309, Hawaiʻi Administrative Rules.
- Buyer Requirement: Cannot own other real property or receive gift funds for the purchase.
Targeted Occupations
Targeted professions are determined on a project-by-project basis and generally include:
Educators
Law Enforcement
Correctional Officers
Agricultural Field Workers
Featured Project: Kuilei Place
As the first project to participate (begun April 2024), Kuilei Place specifically designates eligibility for nurses, teachers, police officers, and agricultural field workers.
HHFDC Supports Teachers
HHFDC Executive Director Dean Minakami joins members of the Hawaii State Teachers Association to advocate for public school funding. The DEP program helps keep kamaʻaina teachers home in Hawaiʻi nei by making homeownership more accessible.
Learn more here.
Photo courtesy of HSTA.
