Breaking New Ground: Na Hale Makoa Workforce Housing Initiative Launches in Waikoloa!
On Tuesday, September 24, 2024, Waikoloa Village celebrated a significant milestone with the groundbreaking ceremony for Na Hale Makoa, a workforce housing development. Located on a 10-acre parcel leased from the County of Hawaii for 68 years, this project will provide 109 affordable housing units, featuring a mix of one-, two-, and three-bedroom options.
Envisioning a Better Future: The Path to Sustainable Living
“Today marks a pivotal step forward in our commitment to addressing the affordable housing needs of our community. Na Hale Makoa represents more than just new buildings; it symbolizes our dedication to ensuring that working families have access to safe, affordable, and high-quality housing,” –County of Hawaii Mayor Mitch Roth in the release.
Na Hale Makoa is thoughtfully crafted to meet the needs of Hawaii’s workforce. Featuring contemporary finishes and convenient in-unit washers and dryers, this development goes beyond basic housing. It includes a recreation center, picnic areas, and a keiki playground, fostering a sense of community and outdoor enjoyment. Committed to energy efficiency and environmental sustainability, Na Hale Makoa incorporates LEED best practices throughout its design. Residents will enjoy well-appointed living spaces that prioritize comfort and modern conveniences, creating a welcoming environment that enhances their quality of life. This development not only provides homes but also nurtures a vibrant, sustainable community.
Funding for Na Hale Makoa
As stated in the release, the $84.5 million funding for the project is sourced from multiple programs, including the Hula Mae Multi-Family Revenue Bond Program, the Low-Income Housing Tax Credit Program, and the Rental Housing Revolving Fund Program. This funding is facilitated by the Hawaii Housing Finance Development Corporation, the County of Hawaii’s Affordable Housing Production Program, and 30 project-based vouchers granted by the County of Hawaii Office of Housing and Community Development.
First Hawaiian Bank is the project’s construction and permanent lender.
Development
With construction kicking off in September and slated for completion in early 2026, Na Hale Makoa is set to deliver essential housing solutions for Waikoloa’s workforce. This development promises to alleviate the pressing housing shortage and enhance the quality of life for local residents.
Na Hale Makoa’s contractors include Design Partners Incorporated (project design), Moss Construction Company (vertical and building construction), Isemoto Contracting Co. Ltd. (site work), and Resort Management Group, LLC (landscaping).
For those interested in learning more about eligibility requirements and project updates, be sure to check our Na Hale Makoa page for the latest updates and information.
What You Need To Know
➤ The new Na Hale Makoa will have 139 one-, two- and three-bedroom units serving households earning up to 140% of the Area Median Income, plus one resident manager’s unit
➤ The housing will be located in the Kamakoa Nui subdivision on the northern end of Waikoloa Village
➤ Construction will take just over a year with move-ins anticipated for the first quarter of 2026
➤ Applications will be accepted around Sept. 2025
The new Na Hale Makoa will have 139 one-, two- and three-bedroom units serving households earning up to 140% of the Area Median Income, plus one resident manager’s unit, according to a release. Each unit will come with a washer/dryer, range, refrigerator, vinyl plank flooring, window coverings, ceiling fans, a private lanai and storage closet.
The pet-friendly community will also include a recreation center with a kitchen for meetings/gatherings, a resource and technology center with high-speed internet access, management office and keiki playground. Picnic areas and walking/biking paths will be throughout the area.
Get the latest project updates!
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Disclaimer: Please note KapinaLansdale.com is not the developer at Na Hale Makoa. As Waikoloa real estate experts, we invite you to connect with us to learn more and have independent representation.
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All information is deemed reliable but not guaranteed and should be independently reviewed and verified.