Real Estate

Last year, the REALTORS® Association of Maui Community Foundation awarded $37,000 in scholarships to 37 students. This year’s deadline to apply is March 1, 2024.

The organization plans to use the Stupski investment to finance construction loans for native Hawaiians to build on Department of Hawaiian Homelands. With this investment, HCL aims to house 200 beneficiary families over the next five years directly with the funds.

The free webinars will be led by expert financial educators at Hawaiʻi State Federal Credit Union who will provide financial tips during interactive  lessons.

An estimated 200 affordable rentals are under construction in Lahaina as part of the Kaiāulu o Kūku′ia project, which includes Hawaiʻi’s very first Bezos Academy preschool. 

Mayor Richard Bissen submitted to the County Council a bill to amend a section of the County Code in an effort to immediately increase the inventory of housing available to survivors of the August wildfires.

The Hawai‘i Housing Finance and Development Corporation has selected EAH Housing to develop the Kahului Civic Center Mixed-Use Complex. The project is expected to break ground in 2027, with the first phase anticipated to be completed by 2029. The project includes a transit hub, civic center component, and 303 affordable housing units.

A groundbreaking and blessing ceremony was held Thursday morning for Hale O Piʻikea, a new 223-unit affordable rental housing development in Kīhei.

Hawai‘i Community Lending will receive a $2.4-million loan from the US Department of Agriculture to finance 10 homes for eligible homebuyers on native lands.

Now, in the aftermath of the Maui wildfires, realtor Debbie Arakaki is amping up her efforts to help thousands of families who lost their homes. Arakaki and a group of other long-time Maui residents collaborated to create the Maui Pono Foundation to provide immediate funds to neighbors in need.

The application will help unlock the production of at least 10,800 new housing units within the next six years. Over time and with additional infrastructure, the proposal aims to unlock up to 30,000 new units.  The grant application is not part of the Emergency Proclamation relating to affordable housing. 

With construction of the first phase on a path to be completed by the end of the year, Kaulana Mahina—the new workforce housing development in Wailuku—will soon be accepting applications for its lottery process.

The Nāʻiwa Homesteaders Program will host a two-day workshop for Molokaʻi’s Nā‘iwa Homesteaders Community on Thur., Sept. 28, and Fri., Sept. 29, 2023, starting at 5 p.m. HST. The workshop will take place at Kulana ʻŌiwi, the Office of Hawaiian Affairs / Department of Hawaiian Homelands Conference Room on Molokaʻi.

Starting Oct. 2, 2023 at 9 a.m. and running through Oct. 8, rental applications will be available for pickup in person at 400 Hāna Highway, Suite 3 in Kahului. The application deadline for the initial lottery is Oct. 29, 2023. A lottery for 195 residential workforce housing units will be held virtually on Nov. 20, 2023.

“It was always about affordable housing. We listened to the public and we clarified that the EP is about affordable housing and for helping families affected by the housing crisis,” Gov. Green said. “This new EP focuses on what we all agree will push forward new affordable housing projects.” The EP excludes the area affected by the Lahaina wildfires.

Hawaiian Community Assets extends a huge mahalo to the Office of Hawaiian Affairs for recognizing the organization with a $1.5 million grant to increase access to services, grants, loans, and housing opportunities for Native Hawaiians looking to rent or own homes.

Homeowners and renters whose primary residence was damaged or destroyed by the fires may apply for up to $3,000 in initial assistance per household. Applications are open through Dec. 31, 2023, and are available at https://www.hawaiirealtors.com/mauirelief/.

Funding has been secured for the third and final phase of the Hale O Piʻikea affordable, mixed-use rental housing community in Kīhei. The 223-unit development aims to provide quality, affordable housing options for individuals and families at or below 60% of the Area Median Income.

Destination Residences Wailea and Wailea Beach Villas has selected Brandon Sacks to fill the role of business development manager.

“Government needs to change its mentality from intentionally constraining the supply of housing to incentivizing it, and this new grant program will help us do that,” said US Senator Brian Schatz (D-Hawai‘i) who authored the legislation.

The Honolulu City Council is considering a bill that would penalize ‘monster home’ developers who falsify building plans.