August 17, 2017
Hawaii Prince Hotel
Experts estimate that we need to build at least 24,000 affordable housing units island wide on Oahu. Developers of new master-planned residential communities beyond Kakaako and Ala Moana are helping to meet the affordable housing needs.
What qualifies as affordable housing? What are developers doing to satisfy affordable housing needs? What could be done to enable developers to deliver even more affordable units?
Mary K. Flood is Senior Vice-President of Sales for D.R. Horton Hawaii, and a REALTOR®. D. R. Horton is the developer of Ho’opili, a community of 11,750 homes in Kapolei (Ewa Beach), with 30% priced for low to moderate income local residents.
W. Bruce Barrett is Executive Vice President of Castle & Cooke Homes Hawaii, the developer of Koa Ridge, a community of 3,500 homes located in Central Oahu, with 30% meeting affordable housing criteria.