HCDA Reserved Housing

"Reserved Housing" on Oahu refers to the Hawaii Community Development Authority (HCDA) Reserved Housing program that helps qualifying residents purchase homes, mainly condos in Kakaako, for less than market rates.

Below are the general requirements to qualify:

1. Must be 18 or older.
2. Must be a Hawaii Resident.
3. Must be a US Citizen.
4. Does not own a majority interest in a principal residence (for the last 3 years).
5. Does not have a spouse or dependent child who owns a majority interest in a principal residence (for the last 3 years).
6. Has never purchased reserved or workforce housing before.
7. Has a clean tenant record.
8. Must make enough income to qualify for a loan to finance the purchase, but make less than 140% of the area median income (AMI).

Click here to view HCDA's AMI income limits for 2024.

Reserved Housing Occupancy Requirements

You must reside in the unit. The length of time varies on your annual earnings measured against AMI (Area median income):

• < 100% AMI - 10 years required
• 100 to 119% AMI - 5 years required
• 120% to 140% AMI - 2 years required

Time may vary on a case-by-case basis.

Real Estate Developments that offer, have offered, or will offer affordable housing via HCDA's Reserved Housing program

• Alia in Kakaako
• Ulana Ward Village
• Aalii
• Ke Kilohana
• Kaulu by Gentry

Are you learning about the right affordable program?

All new homes or condos in Hawaii will share which program they're using on their client applications or website. Below is a list of other common Affordable programs in Hawaii.

• HHFDC Affordable Housing is used by many real estate developers - mainly rentals, but some condos for sales as well.
• DPP, part of City and County of Honolulu, has their own version of an affordable program.