‘Akoko is the next development being built in West O‘ahu’s newest master-planned community at Ho’opili. The project is currently selling now, and has available units for those that qualify in the 80% median income bracket. For those that are in the 120% median income bracket, we will still have to wait, but sign up on our website to be on our “watch list” and get immediately updated once the 120% median income bracket units are released. ‘Akoko also has Market-priced Townhomes that are available to those that do not qualify for affordable housing.

Ho’opili will offer residents 3 rail stops, 5 DOE public schools, including 3 elementary, 1 middle, and 1 high school, 7 recreation centers and 3 million square feet of shopping and dining options.

Location:

In between Ewa Beach/Kapolei. ‘Akoko will be located north of the existing project of “Haloa” and will be adjacent to one of the planned elementary schools.

How Much Are the Homes in ‘Akoko?

Affordable Flats start at $340,000 fee simple with a monthly maintenance fee of $214.48 to $273.10. There is also an additional master association fee of $59.00 monthly. The projected move in date is summer 2018. Features include open kitchen layout, Range/Oven, Range Hood, Dishwasher, Refrigerator and Washer/Dryer, Stainless Steel Kitchen Sinks, Mini Blinds, plus much more.

(Affordable Flats Available Now to Purchase)

Market-Priced Townhomes at ‘Akoko will start at $559,000 fee simple with monthly maintenance fees from $386.82 to $411.52. There is also an additional monthly master association fee of $59.00. The projected move in dates are spring/summer 2018. Features include open kitchen layout, Range/Oven, Range Hood, Dishwasher, Refrigerator and Washer/Dryer, Stainless Steel Kitchen Sinks, Mini Blinds, plus much more.

(Market Townhomes Available Now to Purchase)

What Are The Requirements of Purchasing The Affordable’s at ‘Akoko?

The ‘Akoko affordable flats require homeowners to live in the flats as their primary residence for 10 years. Typically, homeowners are not allowed to rent or sell their property for the first 10 years of residence (also known as a “10 year buy back”). Once the 10 years are up, homeowners can sell or rent the property for market price. This could be a way to make a good profit for homeowners if the prices continue to rise in Hawaii. In order to qualify for the affordable townhomes and flats, there are income limits (80% median income/120% median) by family size, and one cannot currently own a home and will be required to use the property as their primary residence.

What Are My Next Steps?

If you are interested in purchasing an Affordable Flat at ‘Akoko, a pre-approval letter is required by a lender of your choice. DHI Mortgage, who is the D.R. Horton’s in house lender, will offer $6000 towards your closing costs. The affordable homes application will need to be completed and the owner affidavit will need to be notarized. Once all documents are filled out, notarized and gathered, we will visit the sales office to select your home. Please note that a $1,000 earnest money deposit will be collected to secure your home. We have attached the 80%/120% median income bracket for those that may qualify:

Be On Our “Watch List” For The Latest Updates

Would you like to be the first to know when the new releases, projects, dates, and prices are? Sign up on our website to be on our “Watch List” for ‘Akoko! Realtor’s often times know more information before it releases and we look forward to sharing our knowledge with you. These new developments are selling fast and by way of lottery. We look forward to working hard for you and your family in getting you a first selection for your new home!

Contact Us

** We do not represent the developer nor are we part of the sales team. We make no representations on their behalf. If you want information directly from the sales office we urge you to contact them directly. If you would like us to represent you as your real estate professionals, we would be happy to meet with you!