What we heard from you

“Pulelehua, with its mixed income levels, will create a great neighborhood.”

— Maui resident

Affordable Housing

Of the potential developments on record, Pulelehua will allow home buyers a rare opportunity to purchase an affordable home on Maui. This past year there were only 130 affordable units built - 104 by the Department of Hawaiian Home Lands and 26 by the County in Maui Na Hale O Wainee Phase 2. Currently, no affordable homes are being built in West Maui in the near future.

Pulelehua meets a critical need for affordable housing in West Maui. To help meet this demand for affordable housing for local residents, ML&P is committed to providing at least 51% of the total number of homes in Pulelehua as affordable. Pulelehua also intends to offer at least 125 apartments at affordable rental rates.

What affordable housing is and who qualifies for it is determined by the County of Maui and the U.S. Department of Housing and Urban Development (HUD).

As of May 2007, HUD's median family income for a family of four on Maui was $69,900. Based on the 2007 County of Maui Affordable Housing Pricing Guidelines, the sales price for an affordable home in Pulelehua would range from $232,800 to $465,600 for families earning between 80% - 160% of HUD median income ($55,920 - $111,840 annual household income). Actual income requirements will be set when rentals and for-sale units are available. Resale of homes in the affordable housing category are restricted to guarantee that they will continue to be available to families and people who need them most.

While Pulelehua will not meet all of the demand for affordable housing on Maui, its development is an essential step in helping local families finally realize their dream of home ownership.

Check back here often for updates and details.

Based on the 2007 HUD guidelines, the income and price ranges for single family homes would be as follows:

Household Income	Affordable Housing Sale Prices	Income Qualifications
up to $69,900	up to $291,000	up to 100% of HUD Median Income
$69,901 to $83,880	$291,001 to $349,200	101% to 120% of HUD Median Income
$83,881 to $97,860	$349,201 to $407,400	121% to 140% of HUD Median Income
$97,861 to $111,840	$407,401 to $465,600	141% to 160% of HUD Median Income

The figures above are based on 30% of gross monthly income for housing expenses, a 30 year fixed rate mortgage, 5% down payment, and a 6.5% interest rate on a three bedroom single-family home.

Affordable Rental prices

Household Income	Affordable Monthly Rental Rates (2 Bedroom)	Income Qualifications
Up to $55,920	Up to $1,258	Up to 80% of HUD Median income
$55,921 to $69,900	$1,416 to $1,573	81% to 100% of HUD Median income
$69,901 to $83,880	$1,730 to $1,887	101% to 120% of HUD Median income

These figures are based on 30% of gross monthly income.

Actual pricing for Pulelehua will be set based on the HUD figures, current interest rates and down payment at the time the units become available.