Ward Village is a 60-acre master planned community located in Kakaako. Set on 60 acres along the ocean between Waikiki and Downtown Honolulu. Ward Village is a pedestrian-friendly neighborhood. You will experience a combination of island luxuries, and urban conveniences. Ulana Ward Village is the ninth tower in Ward Village. There are indoor and outdoor community rooms, barbecue areas, co-working spaces, and much more. Ulana's architectural design is by Architects Hawaii Limited, interiors designed by InForm Design, Inc. and the landscape done by PBR Hawaii.
Building Features
*Starting Soon - Register Below To Be Kept Up To Date*
The Hawaii Community Development Authority (HCDA), which overseas the developments in Kakaako, created the program to assist Qualifying Hawaii residents to become home owners. This program is created for those who make too much to be qualified to get federal assistance, yet not enough to qualify for regular market priced units.
Reserved Housing Units: 697
Market Units: None
Total Units: 697 (696 residences for sale + 1 resident manager unit)
Maintenance Fee: Coming Soon
Prices:
$271,000 to $717,400
*Please note that unit count and prices are subject to change and may be changed at any time per the developer*
All household members must provide income and asset verification. Income and assets must be under the 140% area median income (AMI) limits. Also house hold size will impact what type of unit you will be eligible to purchase.
All amenities will be on the ground floor including BBQ grills and patios alongside the Ulana lawn. There will also be a workout room, shared work space, keiki play ground, and much more.
Buyback and shared equity
Reserved housing is designed to help local residents to buy a home without having to compete in the traditional housing market. HCDA included these guidelines to insure that it benefits the Hawaii residents with their housing needs.
The buyback is the time length (regulated term) that owner has to physically live in the unit. Most of them are 2 or 5 years. However there are some 10 year units at Ulana.
Shared equity is the difference between the original appraised market value - the reserved housing price. You will need to pay back the shared equity back to HCDA when you sell the unit in the future.