Mokuhau Housing, Happy Valley, Wailuku

Lokahi Pacific is developing sixteen (16) affordable single family houses on a 1.932 acre parcel located along Mokuhau Street in Happy Valley, Wailuku, Maui, Hawaii. The homes will be offered fee-simple to qualified Maui residents with household incomes at 81%-120% of median income (AMI). The Lokahi Pacific Mokuhau Affordable Subdivision is an R-0 project consisting of sixteen (16) new three-bedroom/two bath (3BR/2BA) single-family, two-story homes. The homes provide a living area 1,180 sf, covered entry, garage and enclosed laundry room for a total area of 1,380 sf under roof.

The sales price for each home is expected to be in the mid-$300,000 range. This compares to a home price of $372,600 - $496,800 for a 3BR/2BA home based on the County of Maui's Affordable Sales Price Guidelines for 2015 (effective May 1, 2015) at 4.0% interest in the 81-120% of median income category. Additionally, the Realtors Association of Maui reported in December 2015 that the median sales price for single family homes in Maui County averaged $545,700. (Realtors Association of Maui; December 2015 Sales Statistics)

Homebuyers will be subject to First Time Homebuyers guidelines, occupancy requirements, and resale restrictions relative to the County of Maui's Affordable Housing Program, and other applicable funding sources.

Site work began in September 2014, completion should be in January 2017 with immediate occupancy.

We are currently accepting applications.

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