ABOUT Affordable Housing

Affordable Housing  アフォーダブルハウジング とは?

Honolulu Affordable Housing in the Oahu real estate market is a hot, and often misunderstood topic in a state with short housing supply, and some of the highest home prices in the nation. Most are aware of the new residential condo towers popping up in the Kakaako and Ala Moana Skylines, however, most aren’t aware that developers are actually required by state law to offer a certain number of units for sale under Affordable Housing guidelines.

With a few hundred affordable units offered for sale and sometimes thousands of applicants, the supply never meets the demand.  The Ala Moana neighborhood is seeing the greatest influx in new condo projects and may offer as many as 5 residential towers, a condo-tel, and rentals. Affordable Housing will be offered by each project in some capacity; but whether it’s for sale or for rent is to be determined.

Considering affordable housing? See some of the common FAQ’s and guidelines below to help you determine if you might be eligible.

What is HHFDC?
The Hawaii Housing Finance and Development Corporation(HHFDC) operates as the overseeing agency of all affordable housing in Hawaii. The development and financing of the affordable housing units is operated by the agency as well.

What advantages does HHFDC's Affordable Housing provide?
  • Qualified and eligible applicants of the program are given an opportunity to purchase below market prices.
  • Opportunity to live and own in a new construction project in Metro Honolulu.
  • With the height of Oahu home prices today, a common theme amongst many of my clients is the scenario by which buying a home equates to a downgrade in preferred location or quality of home, relative to their rental. Putting aside the many benefits of homeownership vs. renting, this can be true. The Affordable Housing Program can offer opportunities for a more lateral move -- providing homeownership options to a prospective buyer in locations or of a quality that wouldn't normally be in the budget. But again, with restrictions. 

Are you eligible for Affordable Housing?
Eligibility for the program is ultimately determined by HHFDC’s review of the information provided on buyers’ applications. 
The most notable requirements for the program are as follows: 
  • Applicant must be 18 years or older
  • Must live in the unit 
  • US Citizen or permanent resident alien 
  • Resident of the State of Hawaii; currently resides in the State of Hawaii. State ID or Drivers License is typically requested as proof.
  • Applicant must not own a majority interest (more than 50%) anywhere. Yes, anywhere.
  • On top of being eligible for Affordable Housing, buyers must also qualify by showing they have gross income(s) that satisfy a mortgage lender’s guidelines to purchasing a home.

Are there income limits for Affordable Housing?
Yes. Buyers’ eligibility is determined by their household income being no greater than a specified area median income(AMI) determined by HHFDC(Usually 120-140%). Take a look at the chart below for the 2018 AMI; note your household size at the top of the chart.

What is the buyback program?
Buyers wishing to purchase Affordable Housing unit must know that they are required to own and occupy their unit for 10 years. Should they look to sell, rent, or transfer ownership of the home prior to the 10 year buyback period, HHFDC is given first right of refusal to purchase the unit. Once the 10 years buyback period expires, the restriction no longer applies.

I do my best to have my clients "crystal ball" their futures for the next 10 years as a decade is a long time, and a lot can change in terms of family dynamics and income. Make sure you consult your Realtor to gain full perspective on what you can and can't do as an Affordable Housing owner, and how that may affect your real estate future going forward. For some, Affordable Housing is a perfect fit. For others, it may handcuff them from their accomplishing their long term Oahu real estate goals. 

Is a deposit required?
Yes. Buyers are required to make a $500 good faith deposit upon signing a contract for a unit. A total deposit of only 5% of the purchase price, less the $500 good faith deposit is due after 30 days.

Shared Equity Program — What is it?
One of the caveats to the HHFDC allowing buyers to purchase at below market prices, is the Shared Appreciation. In turn when you sell your unit you will share some of the net appreciation back with the HHFDC to help fund future projects. The SAE is determined prior to closing and once determined, will never change.

Here's a sample SAE computation using estimated figures to help you understand the how an Owner's Percentage Share and the HHFDC Percentage Share is calculated:

What’s the next Affordable Housing opportunity if I’m curious about buying? 
Those looking to purchase the Metro Honolulu area should look to the Ililani condo project as of now( July 2019) near SALT at Kakaako, There was some the other project which has already finished sale for affordable units ,SkyAla Moana condos,  The Central Ala Moana condos. These are exciting projects in highly desired Honolulu neighborhoods that are quickly transforming into thriving urban epicenters.

Those looking at homeownership in West side of Oahu should look to the Ho'opili project; more specifically the Kohinaat Ho'opili and Ilima at Ho'opili phases that are currently selling Market Priced units, but estimated to bring Affordable Housing units later this year. Ho'opili is centered between Ewa and Kapolei, anchored right next to the future planned Honolulu Rail, and just north of the new Ka Makana Alii mall. We expect Ho'opili to consistently offer affordable housing opportunities as new phases are released.

Last not but not least, the highly anticipated KoaRidge project in Central Oahu will also be offering affordable housing units with estimated sales to commence in 2020.
What's the timeline for Process?

ビクトリア・プレイス ワードビレッジ の詳細 Victoria Place Condo Ward Village


ワードビレッジ、ハワードヒューズはアラモアナ Blvdのワイエアとビクトリアパークの間に7棟目のラグジュアリーコンドミニアム“ビクトリア プレイス”の計画を発表しました。





住人のみが予約してプライベート利用できるラウハラ プールハウスは、300人近くも収容できるスペースとなっています





このプロジェクトは一時ストップしていた”ゲートウェイタワーズ Gateway Towers”の”代わりとして制作されており、当初別個のビルのツインタワーとされていたブループリントが1つの建物となり、よりバラエティーに富んだユニットタイプ構成とされるようです。



ビクトリア・プレイスは間接照明がふんだん使われ、建物全体がフワーっと蛍のように輝くイメージで、重厚感のあるワイエアに対し、品格のあるセクシーな面持ちといったところでしょうか。建築デザイナーはニューヨークとサンフランシスコベースの人気アーキテクトであるAdam Tihany とBen Wrigley. ランドスケーパーはDon Vitaで、彼はハワイ島のフォーシーズンズフアラライやパークレーンを手掛けたことでも有名です。

住所:1100 Ala Moana Blvd  Honolulu HI 96814

コンド名:ビクトリア プレイス

ユニット構成:全350戸 (1ベッドルームー137戸、2ベッドルーム―146戸、3ベッドルームー77戸)

価格帯:1BR $1.2M-1.99M
    2BR    $1.7M-2.8M
    3BR    $2.7M-6M

管理費:$1.25/per Sqft

アプライアンス ブランド: Subzero wolf サブゼロ ウルフ

アメニティデッキ: 5F、1F, 2箇所

居住階数: 6-40階


販売開始予定: 2019年12月初旬-中旬



(808)542-5241  いそのなな 直通



The Howard Hughes Corp. has released plans for its 7thHawaii tower — a 400-foot luxury condominium building whose name pays homage to the original owner of the 60-acre master-planned community Ward Village.
Victoria Place will be located at 1100 Ala Moana Blvd., between Waiea and Victoria Ward Park, a portion of the site The Howard Hughes Corp. (NYSE: HHC) had previously planned as the site for one of the two Gateway Towers, according to an application filed with the Hawaii Community Development Authority, which oversees development in Kakaako.

The application seeks to consolidate the footprint for the two previously approved Gateway Towers into one for Victoria Place, and expand the makai end of Victoria Ward Park to “provide enhancements for wellness, connectivity to the ocean and culturally inspired placemaking,” the developer said.


Victoria Place plan to have 350 residential units, 15,590 square feet of open space at the ground level, and 64,105 square feet of recreational space. The unit mix would include 137 one-bedroom units, 146 two-bedroom units and 77 three-bedroom units.  
There is no retail or commercial space planned for Victoria Place.
The focus of the ground floor is going to be the integration of the park, it will be a nice change and transition.
The project is being designed by Solomon Cordwell Buenz, who also designed the Anaha and Aalii towers for Howard Hughes, as well as the ONE Ala Moana and Park Lane Ala Moana buildings around Ala Moana Center and Brookfield Properties' Lilia Waikiki project, which is expected to start construction this year.
HCDA has scheduled a presentation hearing on the project for Sept. 4 2019 , with a decision-making hearing scheduled for Oct. 2.

Please contact me for any more detail or inquiries!


All the photo, image by Howard Hughes corp.


Ililani Condos in Kaka'ako イリラニ カカアコ の全貌

Ililani Condos

Address:  615 Keawe St, Honolulu HI 96814

イリラニ コンドミニアム 詳細

⧫ 地上42階建て

⧫ 全328戸 (アフォーダブルユニット165戸、マーケットユニット163戸

⧫ 完成予定 2021年

⧫ 月管理費 1スクエアフィートに対して58セント(含まれるもの:水道、下水、共同エリア費用)
(例: 1000スクエアフィートなら$580)

⧫ アフォーダブルユニット総数 165に対し、131ユニットは1ベッドルーム、残り34ユニットのみが2ベッドルームとなります。



Ililani condo building Detail

⧫ 42 Story building

 (1-2 Floor is Retail and Amenity level, 3-42 Floor will be residential floor)

⧫ 328 total units
(165 Affordable Priced Units, 163 Market Units)


⧫ MAINTENANCE FEES: $0.58/sqft
(water, sewer, common area maintenance)

Number of Affordable unit : 131 1BR units, and  34  2BR units

If you're interested in learning more about eligibility and qualifying for the Affordable Housing program, please click below link to learn more.
About Affordable unit in Oahu

PLEASE NOTE : The market priced condos for sale at Ililani will consists of only 2BR units only.




Ililani and Neighborhood

Building located at 615 Keawe St, it will be oriented on the corner of Keawe & Halekauwila St, only two blocks from one of Honolulu's thriving urban epicenters in SALT at Kaka'ako!

Mass appeal has surrounded the neighborhood for the past  5 years and much of this can be attributed to the innovative  development of entry level to ultra luxury condominium buildings, premier convenience to Ala Moana Shopping Center, Ala Moana Beach Park, as well as it's walkability to numerous emerging dining and shopping opportunities. The neighborhood will see also future rails stations providing alternative means of commute east to Ala Moana Center, west to Honolulu Airport, and furthest west to the "Second City" of Kapolei. The Civic Rail station will be the closest rails center to the project and is located just north of the tower on Halekauwila St.

With SALT at Kaka'ako only two blocks and an elevator ride away, Ililani condo owners is advantage to shopping, dining, and retail opportunities within walking distance. You could nearly eat out for every meal a day and never eat at the same restaurant twice within the month! That might be a slight exaggeration but it's not far from the truth.

Ililani Amenities

9th floor Amenity Deck  9階のアメニティデッキ、



The amenity deck on 9th floor which will be placed above the 8th floor parking garage with additional indoor amenities consisting of a "multi-purpose" recreation area to host events, exercise, and/or yoga. Adjacent to the "multi-purpose room" will be the E-lounge, a "Co-working" inspired space that will offer high speed WiFi, tables, and mounted TV's for presentations. Co-working has become a popular concept among the millenial generation and will provide another great way for Ililani's business professionals and entreprenuers to connect, literally and figuratively, within the building.

More ililani amenities

Lounge next to the splash pool, throw a BBQ with friends, or lounge in the lawn area purposed for enjoying the Honolulu sun or an evening movie on the lawn! We expect there to be a restaurant at ground level of the building, in front of front Halekauwila St, as well as light retail on the Keawe St side would be a Cafe stores.

ililani strives to promote alternative means of commute to its residents and this is reflected by it's strategic placement next to the future planned Halekauwila rail stop. Owners will also have exclusive access to Ililani Ridge Share, a set a fleet vehicles to be rented at nominal rates, offering alternative transportation options to only for owners or guests! We should also see each bridge from the parking structure to the tower equipped with bike storage, as well as surfboard storage within the garage structure.



1-8階までの間と10階 (03)(05)(06)(07)


Various floor plans will be offered in the building and all will span over spacious one and two bedrooms units with lanais with only subtle difference between them. As previously mentioned, ALL of the 131 (1)-bed units will be offered under Honolulu Affordable Guidelines while only 34 (2)-bed units will be offered as Affordable. Affordable 1-beds and will run from floors 2-42 in the (01), (02), and (04) stacks of the building whereas the 2-bed Affordable units are limited to the (03) (05) (06) and (07) below 9th or 10th floor.

ililani floor plan


アフォーダブル (ハワイ居住者でHHFDC規定の収入範囲に当てはまる人に応募資格がある)

1ベッドルーム $312,000 - $584,000
2ベッドルーム $373,000 - $657,000

2ベッドルームのみ $700,500 - $905,500 (抽選は2019年10月19日)

Affordable 1-Bed room  prices bewteen $312,000 - $584,000

Affordable 2-Bed prices room between $373,000 - $657,000 

Market   2-Bed room  ONLY  between $700,500 - $905,500 

NOW Application accepting!! 

Lottery will be held October 19th.  

Contact me if you are interested about purchasing ILILANI!!



 Now Accepting Applications!!

Line ID: nanalani70

Buyer Agent 
Nana Isono (RA)


The Seller/Developer of The Residences at Ililani LLC . NanaIsono (RA) and Sachi Hawaii Pacific Century Properties LLC do not represent Developer/Seller but are Buyer’s agents with respect to any sale in Ililani. All images, renderings, photos, and videos are courtesy Ililani LLC.