The City will require documentation to support the buyer’s application. For the full list, download the application, checklist, and instructions from the website. Some examples are: 2 years tax returns (signed), W-2, 2 months of pay stubs, and a letter of pre-approval from a Lender. Lenders will have different requirements to determine loan pre-qualifications.

One, two, and three-bedroom affordable condominium townhomes will be offered with the estimated range in prices from $480s to $650s.

Estimated Maintenance Fees

• One Bedroom - $378 to $380 per month
• Two Bedroom - $509 to $513 per month
• Three Bedroom - $598 per month

1. Provides possibilities for Hawaiʻi’s essential workforce and other eligible and qualified applicants, to own their own home.
2. Homebuyers have an opportunity to live in Central O’ahu at a brand-new development that fits their budget.
3. Affordable housing principles focus on connecting people to places and help build strong communities in walkable, accessible neighborhoods. This is beneficial for both younger and older generations.

Keʻolu at Koa Ridge affordable homes are for buyers earning 120% and below of Median Income based on the income guidelines published by the City & County of Honolulu.

The City will determine eligibility based on the information you provide in your Application Packet, including the following:

1. Must be a citizen of the United States or a resident alien.
2. Must be at least 18 years of age.
3. Must be domiciled in the State of Hawaii and have a bona fide intent to reside in the affordable housing unit.
4. Must have sufficient gross income to qualify for the loan to finance the purchase.
5. Total household income shall not exceed the allowed annual household income.
6. Do not own, and have not owned, for the one year preceding the date of application to escrow closing, a majority interest in fee simple or leasehold lands for dwelling purposes.

An Eligible Person must meet the allowed annual household income for the target group as adjusted for size (as of April 15, 2025) as follows:

Household Size       Median Income          Income Limit (120% of Median Income)

           1                        $106,400                                 $127,680

           2                        $121,600                                 $145,920

           3                        $136,800                                 $164,160

           4                        $152,000                                 $182,400

           5                        $164,200                                 $197,040

           6                        $176,400                                 $211,680

           7                        $188,500                                 $226,200

Here are the potential steps involved in the Keʻolu at Koa Ridge affordable homebuying process:

1. Prequalification by a Preferred Project Lender.
2. Fill out the Application Packet and provide the supporting documents to the Preferred Project Lender.
3. View an optional educational video.
4. Date to return the completed packet to a CCHH Sales Representative at the Koa Ridge Sales Office is coming soon.
5. Information forthcoming on lottery, unit selection, and other events.

The buyer will need to provide $1,000 at the Unit Selection.

Buyers at Keʻolu have no requirement to share the future appreciation (SAE) of their home, if any, with the City. Purchasing at Ke`olu is a strategy for first-time homebuyers to eventually move up the housing ladder or to gain financial stability. Given the levels of housing inventory - having “no shared appreciation” has the potential of being a great benefit for individuals and families, after the 10 year restriction period.

The duration of the transfer restriction (buyback) period ensures the home remains affordable for a minimum of 10 years. If the purchaser wishes to transfer title to the Real Property, the City Department of Budget and Fiscal Services (BFS) shall have the option to 1). Either purchase the real property, or 2). Require the purchaser to sell the real property to a “qualified resident”, at the price and upon terms that preserve the intent, and who is in the same income category as the original purchaser at the time of the original sale, approved by BFS.
The restrictions on transfer, use, and sale of the affordable housing units shall be in effect for ten years for qualified buyers.

The Keʻolu Affordable Housing Eligibility Requirements Video covers this information in more detail.

No, for the purposes of maximizing the number of persons to be benefited, the Program matches household size with the affordable housing type.

The Keʻolu Affordable Housing Eligibility Requirements Video covers this information in more detail.

The following fees shall be assessed by the City in accordance with Ordinance 20-18, as the same may be amended from time to time.

• A $75 applicant eligibility certification fee shall be assessed to review an affordable housing application.
• A $50 annual monitoring fee shall be assessed on an affordable housing unit.
• A $600 fee shall be assessed to process a request by the homeowner to sell the unit.
• A $600 fee shall be assessed upon a transfer of title by the original purchaser or subsequent owner. The homeowner shall also inform the Department of Budget and Fiscal Services whenever there is a title change.