The mission of the Hawaii Housing Finance and Development Corp. is to increase and preserve the supply of workforce and affordable housing statewide by providing leadership, tools, and resources to facilitate housing development.
Relationship to the State Government: Appointed Board Picks Executive Director
Current Staff Size: 70
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2006
HHFDC is established.
2008
Mokuola Vista: One of the first examples of using remnant state land for affordable rentals.
2013
Maili Self-Help Housing and Pokai Bay Self-Help Housing.
2014
Halekauwila Place: One of the first projects done through a Request for Proposals process.
2017
Kapiolani Residence: Zoning and fee exemptions allowed development.
2020
Hale Moena Kupuna: The first high-rise residential/mixed-use tower in Kapolei.
Renters Served Since 2006
Homeowners Served Since 2006
Signature Program
Ola Ka `Ilima Artspace Lofts
Located in bustling Kakaako, Ola Ka `Ilima Artspace Lofts shows what happens when public and private entities leverage their resources to build homes. Those who participate in or are committed to the arts, and who earn 30% to 60% of area median income, get preference for the 84 apartment and townhouse rental units. More than 11,000 square feet of commercial space is devoted to arts-oriented businesses and groups, including those who practice Native Hawaiian culture or arts.
Artists and Cultural Practitioners Served: 84
Future Focus
Denise Iseri-Matsubara
Executive Director
“Most of our programs focus on multi-family, low income rental projects. A new state law we helped craft creates more homeownership opportunities for low and moderate income families through a self-help model. A new revolving fund would leverage funds from HUD, USDA RD housing programs and private philanthropic resources.”