Hawaii Affordable Housing Credits Available
No Reserve Price
Hilco Streambank is offering real estate developers and investors an opportunity to acquire up to 41 affordable housing credits for Hawai’i County, Hawaii. The credits may be utilized for any project on the Big Island, with no radius restrictions.
There is no reserve price per credit.
Please contact Hilco Streambank
for more information
Offers are due by August 14, 2020.
Use Of Affordable Housing Credits To Meet
Affordable Housing Requirements
The County of Hawaii requires developers seeking rezoning for certain residential units, resorts, hotels, and industrial projects to construct affordable units or lots within a certain proximity to their other projects.
In lieu of the construction of affordable housing units, developers may utilize excess affordable housing credits granted by Hawai’i County under an Affordable Housing Agreement. These credits do not expire, and may be resold, in whole or in part, to other developers or investors, and are transferable to other projects.
*Hilco Streambank is not offering legal advice regarding Hawaii law or the credits, including the potential use thereof.