Ohana Hale is a new condominium project in Moiliili/McCully featuring Studio, One & Two-Bedroom residences located at 929 Pumehana Street. Both Market and HHFDC Affordable Housing residences will be available for purchase!
There will be a total of 180 residences of which 108 are Affordable Under HHFDC Guidelines for First-Time Buyers. Those First-Time Buyers who make no more than 80-120% of Honolulu’s Area Median Income (AMI) based on their Household Size.
The Lottery Application Period officially opened on Tuesday, October 23, 2018:
- The Lottery Application Period for Market Residences will run for thirty (30) days or until November 22, 2018.
- The Lottery Application Period for Affordable Residences will run for sixty (60) days or until Saturday, December 22, 2018.
The building will be 21-stories and have 206 parking spaces, as well as some ground-floor community areas. However, amenities will be kept to a minimum to help keep maintenance fees low…projected to be only ~$0.50/sq ft…the lowest of any of the brand-new condominiums in Town! Tentative ground breaking will be in 2019, if sales go as anticipated, with Targeted Completion ~Feb 2021.
Residences: Studio, One-Bedroom and Two-Bedroom
Prices (Market Residences)*: ~$500K to ~$800K
Prices (Reserved Residences)*: ~$200K to ~$400K
Lottery Application Periods:
72 Market Residences ends 11/22/18
108 Affordable Residences ends 12/21/18
Market Residences: $500 @ Contract; 10% of Purchase Price (Less the $500) w/in 30-Days of Contract; Balance of Purchase Price at Closing
Affordable Residences: $500 @ Contract; 5% of the Purchase Price (Less the $500) w/in 30-Days of Contract; Balance of Purchase Price at Closing
Affordability” is based on Honolulu’s Area Median Incomes (AMI) from 80% to 120% AMI (MUCH Lower than any other project offered to date). Affordability Programs have complex regulations and the sales process is tightly controlled by the governing public agencies. Please use the form below to request further information.
American Savings Bank and Honolulu Home Loans are the Lead Project Lenders for Ohana Hale. It will be required that all Buyers obtain a project specific Pre-Qualification Letter from one of these two designated lenders to be eligible to enter either the Market or HHFDC Affordable Lotteries.
DISCLAIMER: IMAGES ARE CONCEPTUAL IN NATURE AND ARE SUBJECT TO CHANGE WITHOUT NOTICE.
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Tracy Yamato (RA) CRS and Hawaii Living LLC DO NOT represent the Developer/Seller but are Buyer’s Agents with respect to any sale in Ohana Hale. The Seller/Developer, Pumehana Hui L.P., is represented by Oceanfront Sotheby’s International Realty.
As a Buyer’s Agent, Tracy will look after after YOUR BEST INTERESTS. Tracy is a dedicated full-time Realtor with over 25-years of experience in Hawaii real estate, specializing in new condominium developments in Honolulu.
He most recently served as the Sales Manager for Keola La’i, a new 352 unit condominium in Kaka’ako (2008). He also was a member of the Sales Teams for One Archer Lane (1998), Lanikea at Waikiki (2005), Moana Pacific (2007) and The Cove Waikiki (2014).