Breaking News Alerts

We'd like to send you alerts when breaking news happens. Hide this Message

Press "Allow" to Activate

Search
Aloha, !
My Profile | Logout
Aloha, Guest!
Login | Register
  • News Topics
    • Front Page
    • Maui News
    • 2022 Election
    • Business
    • Food & Dining
    • Arts & Entertainment
    • Real Estate
    • Crime Statistics
    • Local Sports
  • Weather & Surf
    • Weather Forecast
    • Surf Report
  • Lifestyle & Culture
    • Maui Arts & Entertainment
    • Food and Dining
    • Real Estate
    • Obituaries
  • Opinion
    • Letters to the Editor
    • Maui Discussion
    • Reader Survey
  • Events Calendar
    • Upcoming Maui Events
    • Map of Events
    • Post an Event
  • Job Listings
    • Maui Jobs
    • Recent Job Listings
    • Job Alerts
    • Post a Job
  • Special Sections
    • IMUA Discovery Garden
    • Medical Minute
  • Video
    • Latest Maui Videos
  • × Close Menu
  • About Maui Now
  • Newsletter
  • Contact Information
  • Get the App
  • Advertising
  • Meet the Team
Choose Your Island:
  • Kauai
  • Maui
  • Big Island
Copyright © 2023 Pacific Media Group
All Rights Reserved

Privacy Policy | About Our Ads

Maui Now
Search
Aloha, !
My Profile | Logout
Aloha, Guest!
Login | Register
    Maui Now
  • Sections
  • Maui News
  • Business
  • Weather
  • Entertainment
  • Election
  • Real Estate
  • Jobs
  • Obituaries
  • Opinion

Real Estate

Pulelehua developer to prioritize affordable units in first phase of West Maui project

October 15, 2022, 8:48 AM HST
Play
Listen to this Article
3 minutes
Loading Audio... Article will play after ad...
Playing in :00
A
A
A

Pulelehua West Maui Residential Community project rendering. File image PC: DTL Hawai‘i

Mayor Michael Victorino announced today that the Maui County Council is in receipt of Bill 152, that will help to subsidize shovel-ready development of 100 affordable units in Pulelehua, planned for West Maui.

“I am excited to share this good news for West Maui working families,” said Mayor Victorino in a press release announcement. “After months of discussions with Pulelehua developer Paul Cheng, he has offered to pilot the recently approved reduced affordable home sales price guidelines, and to prioritize building just the affordable units in Pulelehua’s first phase of construction.”

The 304-acre Pulelehua community, approved in 2006, was purchased by Mr. Cheng six years ago. The project was planned to offer market-priced and affordable units in three phases over 10 years.

ARTICLE CONTINUES BELOW AD
ARTICLE CONTINUES BELOW AD

“I’ve met with the mayor and his administration to explore how a public-private partnership could expedite truly affordable housing for West Maui residents,” Cheng said in the announcement. “I wanted to model how the county and developers can work together to dramatically lower the purchase price of housing and accelerate development of truly affordable homes so Maui families can afford to stay in their homeland.”

Cheng has further committed to limiting his profit to no more than 10%, and he has dropped home sales prices for affordable units by 22% as recently legislated in Bill 107, to go into effect in late Spring 2023. He also pledged $1.6 million in down-payment assistance for first-time homebuyers wanting to purchase affordable housing in West Maui. Assistance is not limited to homes in Pulelehua and include housing opportunities under the Department of Hawaiian Homelands.

“We appreciate Mr. Cheng’s commitment to people. The housing shortage and high rental and mortgage costs have forced many working families to leave Maui. Their departure hurts our community and takes a toll on private business, in addition to the public sector,” said Mayor Victorino. “I’m happy to add that County infrastructure subsidies will be used to build dual transmission lines between Pulelehua and the Lahaina wastewater treatment facility, as part of my commitment to eliminate our county’s reliance on injection wells by 2025. In addition, 100% of the wastewater generated by this project will be treated and returned to Pulelehua for irrigation, fire protection and other purposes.” 

ARTICLE CONTINUES BELOW AD

Phase 1A will offer 100 townhouses, for purchase at 60%-120% area median income, meaning a family or individual earning between $60,660- $121,320 will be eligible to purchase a home in Pulelehua.

The start of construction of Phase 1B is subject to funding approval by the Council during the FY24 Budget Session in March 2023. This phase will consist of 140 multifamily rental units priced at 80%-120% area median income, with monthly rents for studios, one-bedroom and two-bedroom units ranging from $1,400- $2,700, including utilities.

Pulelehua has also elected to follow the Council’s recently adopted housing lottery selection process. That prioritizes applications based on length of residency in Maui County. Cheng has also embraced a managed appreciation home resale model to ensure the first 100 homes remain affordably priced.

ARTICLE CONTINUES BELOW AD

2022 sales prices for units in phase 1A are as follows:

The Budget Finance and Economic Development Committee, chaired by Council Vice Chair Keani Rawlins-Fernandez, will discuss Bill 152 at 1:30 p.m. on Wednesday, Oct. 19, 2022. Testimony will be accepted online via Bluejeans: https://bluejeans.com/441891331

Maui Jobs View All Jobs Chevron Forward

Maui Health
Certified Occupational Therapy Assistant - Kula Hospital
Upcountry Maui · 2 weeks ago
Montage Kapalua Bay
Director of Food & Beverage
West Maui · 3 weeks ago

Kā‘anapali Beach Hotel
Front Office Agent
West Maui · 3 weeks ago

eDesign Group
Low Voltage Installation Technician
South Maui · 3 weeks ago
Looking for locally based talent?
Post a Job Listing

Sponsored Content

Subscribe to our Newsletter

Stay in-the-know with daily or weekly
headlines delivered straight to your inbox.
Cancel
×

Related Articles

  • Developer seeks workforce housing credits for…
    January 18, 2022
  • Developer to present update on Pulelehua housing project
    January 8, 2023
  • Lānaʻi's first and large shared solar project moves…
    April 28, 2022
  • 84 new senior affordable rental units at Kahului…
    March 4, 2022
  • Another Waiehu affordable housing project moves…
    July 12, 2022
  • Negotiations begin with new developer of Lānaʻi…
    July 25, 2022
Make the most of your Maui vacation with these top-rated activities: Maui Top 20: Maui Visitor & Tourism Information

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments
View All Events: List Circle List Map
UPCOMING FEATURED EVENTS:
Add Post an Event More Events Chevron Forward
Trending Now
1Kihei Power Outage Leaves Parts Of South Maui In The Dark 2Maui County Testifiers Passionate Over Freedom To Choose Birth Practitioner 3Power Surge Likely A Contributing Factor To Fuel Spill At Haleakala Official Expresses Remorse 4Growers Enlist International Company To Verify Origin Of Hawaiʻi Macadamia Nut Products 5Maui Obituaries Week Ending Feb 6 2023 6Former Maui Official Sentenced To 10 Years In Federal Prison For Fraud Accepting Bribes
Arrow UpBack to Top
  • Maui News
  • Maui Business
  • Weather
  • Entertainment
  • Maui Surf
  • Maui Sports
  • COVID-19 Updates
  • Crime Statistics
  • Letters to the Editor
  • Maui Activities
  • Maui Discussion
  • Food and Dining
  • Real Estate
  • Events
  • What’s Open
  • Maui Jobs
  • About Maui Now
  • Contact Information
  • About Our Ads
  • App
  • Newsletter
  • Terms of Service

Copyright © 2023. Pacific Media Group.
All Rights Reserved.
Privacy Policy | About Our Ads

Facebook YouTube Twitter Instagram