Maui Budget Chair Lauds Further Tax Reform
The ordinance provides an exemption of up to $200,000 for homeowners who qualify by renting long-term and a new tax classification and corresponding tax rate for long-term rentals.
8 takeaways from Sterling Higa on Hawaiʻi’s Housing Crisis
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Hawaiʻi’s housing crisis is driven by policies that limit affordable options and leave gaps for local families trying to stay housed. Real solutions require building more housing at every level, especially deeply affordable homes that create stability and prevent homelessness.
New Real Property Long-Term Rental Exemption Takes Effect Jan. 1, 2022
Effective on Jan. 1, 2022, real property occupied as a long-term rental with a signed contract to lease for 12 consecutive months or longer to the same tenant, may qualify an owner for an exemption of up to $200,000.
One Area of Maui’s Pandemic Economy Is Surprisingly Booming: Real Estate
While Maui tourism is struggling to climb to pre-pandemic levels of a year ago, the Valley Isle’s real estate industry is surprisingly booming with a record high $980,000 median sales price for January.
Proposed Resolution Urges Mayor to Grant Water and Sewer Credits to DHHL Lots in Lahaina
Councilmember Tamara Paltin has introduced a resolution for Friday’s council meeting, urging Mayor Michael Victorino to grant water and sewer credits to the Department of Hawaiian Homelands for homestead and agricultural lots in Lahaina.
Affordable Housing Survey Seeks Input From West Maui Community
The West Maui Taxpayers Association is conducting a survey focused on understanding the opinions and attitudes of community members who currently live or work in West Maui and where they would like to see housing built for their families.
Information Needed for Cultural Impact Assessment of Wailuku Affordable Housing Project
The parcel is located on land fronting the west side of Kuikahi Drive, from the water tank to a point opposite Kehalani Mauka Parkway.
REALTORS® Association of Maui’s January 2021 Report Shows Strong Housing Market
The REALTORS® Association of Maui has released January real estate statistics for Maui County that shows the year 2021 starting off strong for the housing market, with healthy buyer demand and strong market fundamentals.
DHHL Rental Relief Program Receives $2.4M Boost
DHHL’s COVID-19 Emergency Rental Assistance Program will provide eligible renter households with payments for security deposit, rent, rental arrears, utilities and home energy costs, utilities and home energy cost arrears, and other expenses related to housing incurred due to the COVID-19 outbreak.
Derek Lau Named Hawaiʻi REALTORS® President for 2021
The Hawai‘i REALTORS® trade organization has named Derek Lau as its 2021 President.
VIDEO: Tips to Get Your Estate In Order for How You Hold Your Real Estate Property
If COVID has taught us something, it has perhaps motivated you to get your estate in order for how you hold your real estate property.
Public Meetings Scheduled for Maui Housing Plan To Build 5,000 Affordable Family Homes
Leaders of the local nonprofit Hawaiian Community Assets (HCA) and Realtors Association of Maui (RAM) recently discussed the affordable housing plan currently under development for the County of Maui. A series of virtual meetings are scheduled for public input.
REALTORS® Association of Maui December Report Shows Strong Sales Despite COVID-19 Pandemic
December is normally one of the slowest months of the year for real estate sales in Maui County. But the December 2020 report shows strong buyer demand across most segments of the market, buoyed by near-record low interest rates.
Hale Pilina Family Affordable Rental Housing Project Proposed for Development Next to Kahului Post Office on Maui
The project site is comprised of approximately 4.8 acres of land on Pu‘unēnē Avenue.
Thrivent Donates to Habitat for Humanity Maui for Mortgage Relief during Pandemic
Thrivent, a diversified financial services organization, donated $5,000 to Habitat for Humanity Maui to help more than 10 families on Maui stay in their homes.
Tax Credit Financing Secured for 89-Unit Kaiāulu O Kupuohi Development in Lahaina, Maui
Hunt Capital Partners, in collaboration with Ikaika ʻOhana and Urban Housing Communities LLC, announced the closing of $21.9 million in federal and $8.1 million in state low-income housing tax credit equity for the new construction of Kaiāulu O Kupuohi in Lahaina, Maui.
Maui Real Estate Report for October Shows Activity Up and Supply Down
The REALTORS® Association of Maui released its October 2020 real estate statistics report that shows for this time of year buyer activity remains higher than normal while many segments of the market housing supply remains lower.
Nā Hale O Maui Completes Kahoma, Lahaina Affordable Housing Project
Nā Hale O Maui today announced the completion of its Kahoma permanently affordable workforce housing project in Lahaina. Nā Hale O Maui is able to sell homes at below-market prices by keeping the land in trust, subject to a 99-year lease with the homeowner. The 12 three- and four-bedroom homes at Kahoma, which appraised between $745,000 to $800,000, were purchased between $390,000 to $460,000, with 3% down.
Armstrong Builders Receives Grand Award from Building Industry for Maui Affordable Development
At the 2020 Building Industry Design & Construction Awards, Armstrong Builders received a Grand Award for Kalama Kai, an affordable multi-family development on Maui. It was recognized in the Projects up to $500,000 category.
DHHL Publishes Final EA for Pu‘unani Subdivision on Maui
The Department of Hawaiian Home Lands has published its final Environmental Assessment with a Finding of No Significant Impact for the Puʻunani Subdivision in Waikapū, Maui.
$1.8 Million Headed To Hawai‘i To Help Renters Who Lost Income Due To Pandemic
US Senator Brian Schatz of Hawai‘i announced that Hawai‘i will receive $1,820,264 in federal funding to support the Housing Choice Voucher program. These funds will help support rental assistance programs for current voucher holders who lost their job or saw a significant reduction in income due to the pandemic.
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