Hawaii Housing Finance and Development Corporation
Hawaii

The purpose of the Hula Mae Multi-Family (HMMF) Tax-exempt Bond program is to promote the development of new or the rehabilitation of existing rental housing projects through the issuance of tax-exempt revenue bonds for interim and/or permanent financing at rates below market interest rates.

Funding Year
2022
Program Status
Active
Total Funding
$332,000,000
Website
https://dbedt.hawaii.gov/hhfdc/developers/hmmf_html/
Contact

Gordon Pang Hawaii Housing Finance and Development Corporation [email protected] 808-587-0597

How Provided?
Development bonds
Program Type
Capital resources
Income Eligibility Threshold
Other income eligibility criteria
Duration
Affordability period is 15 years
Info Source
NLIHC internet research
Last Updated
8/18/23 11:03
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Income Eligibility Threshold Detail

20% of units at or below 50% AMI OR 40% of units at or below 60% AMI

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements