Ka Wai Ola - Office of Hawaiian Affairs, Volume 26, Number 9, 1 September 2009 — DHHL offers Kānehili phase 2 [ARTICLE]

DHHL offers Kānehili phase 2

The Department of Hawaiian Home Land offered the second phase of 139 "green" homes in the 403unit Kānehili subdivision in Kapolei, O'ahu, in August. When built, eaeh home will have provisions to aeeommodate the future use of electric cars as well as energy-saving measures that will help new homeowners save anywhere from 30 to 50 percent of their energy bill. Kānehili is the first project to complete homes under the Undivided Interest Awards program, providing a lease interest in a larger pieee of property until it is subdivided into individual lots. This provides at least two years for the beneficiary to financially quahfy for a mortgage. Qualifying for a mortgage has been a major roadblock in the past, when an applicant needed to financially qualify for a mortgage before they could accept a homestead lease. Working with the Home Ownership Assistance Program, or HOAP, les-

sees ean improve their credit, create savings, pay down debt or improve their earning capacity in working to qualify for a mortgage. HOAP is funded by DHHL and OHA.