Starting Price Range: $280K - $550K
Maintenance Fee: $0.50/SF
Ohana Hale will be a 21 story concrete and glass residential condominium located at 929 Pumehana Street in the McCully neighborhood in urban Honolulu. There are 108 “Affordable” units and 72 “Market Rate” units available for sale for a total of 180 condominium units. If you are looking for an opportunity to purchase a first home, this is a great option in town as it’s in convenient proximity to Waikiki, Ala Moana and Downtown right off of King Street.
Ohana Hale is being developed by California based, MJF Development, the same developer as “The Block 803 Waimanu” in Kakaako. The building will be limited in amenities to keep maintenance fees to a minimum ($0.50/SF is very low).
The building will be pet-friendly. 2 pets, max 35lbs, and include features such as
roof deck with possible BBQ areas
parking for every unit
secured entrance & security
929 Pumehana Street is right off King Street in the McCully area and is in very close proximity to Waikiki and Ala Moana. While not quite a walker’s paradise, most commuters will find this a convenient location to any business district in town. With more and more Biki stations popping up, biking around town from home would be a great alternative to driving as well.
There will be 91 Studios, 74 One-Bedroom Units and 15 Two-bedroom units all with parking included. Square footage ranges from 316 – 784 SF which is smaller than average but to be expected in a mostly affordable project. There will be no lanais built for this project.
The residential units will have modern conveniences such as:
Ohana Hale will have 108 units subject to HHFDC’s affordable eligibility and house hold income requirements. They will be priced according to your AMI (Area Median Income) bracket. Please see the chart below to see where you are.
Units are allocated according to income bracket as follows:
For example, if you make 80% of the AMI then there are 36 studios available for you at a starting price of $286,681. The max income limit for this project is 120% AMI where there are 17 one-bedrooms available starting at $491,077. If you are under 120% AMI you can apply for a 1 Bedroom unit as well.
The lottery selection process has finished and now units are available on a "First-Come, First-Serve" basis. There are still many affordable units available.
Step 1: A pre-qualification letter from a lender will be required if you are in need of financing. Here are the documents required for a pre-qual letter.
Pre-qualification letters must come from a project lender:
Note: You are not required to use these banks to process a loan, only for prequalification purposes.
Step 2: Fill out an HHFDC application. Please let us know if you would like to receive an application. We have them available and can help you to fill it out.
Step 3: Submit the application at the Ohana Hale sales office. The HHFDC will review your application and let you know if you are eligible in about 3-5 business days.
Step 4: Select a unit! Once you receive an eligibility notice, you may select any of the remaining units you are eligible for. A $500 deposit is due at contract signing. After the 30 day cancellation period, the remainder of a 5% deposit is due (minus the $500) and you have yourself a brand new condominium.
Disclaimer: We are a Buyer's Agency. If you are looking to apply for a unit at Ohana Hale, please contact our qualified buyer’s agent, Isaiah Block at (808) 721-3747. We will work with you step-by-step to complete all necessary deadlines and make sure you have a chance for purchase. It's always best to work with a buyer's agent as you will have full representation as a buyer and it doesn't cost you a dime!
For immediate questions please call Isaiah at (808) 721-3747 or email email@example.com.
If you prefer to speak with the developer directly, please visit their website.