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Home My WebLink About2024 Affordable Housing GuidelinesAFFORDABLE HOUSING GUIDELINES FOR THE COUNTY OF HAWAI'IFOR-SALE UNITS GUIDELINES (Effective 7/19/2024 )% of Median 50% 60% 70% 80% 90% 100% 110% 120% 130% 140%Sales Price: Studio:$158,900.00 $190,700.00 $222,500.00 $254,300.00 $286,100.00 $317,900.00 $349,700.00 $381,500.00 $413,300.00 $445,100.00 1 person max family income:38,800$ 46,560$ 54,320$ 62,080$ 69,840$ 77,600$ 85,360$ 93,120$ 100,880$ 108,640$ 4.8318% 4.8323% 4.8327% 4.8330%4.8332% 4.8333%4.8335% 4.8336%4.8337% 4.8338%$151,000$181,200$211,400$241,600$271,800$302,000$332,200$362,400$392,600$422,800Sales Price: 1 Bedroom:$181,700.00 $218,000.00 $254,400.00 $290,700.00 $327,000.00 $363,400.00 $399,700.00 $436,000.00 $472,400.00 $508,700.00 2 person max family income:44,350$ 53,220$ 62,090$ 70,960$ 79,830$ 88,700$ 97,570$ 106,440$ 115,310$ 124,180$ 4.8337% 4.8328% 4.8341% 4.8334%4.8328% 4.8337%4.8332% 4.8328%4.8335% 4.8331%$172,600$207,100$241,600$276,200$310,700$345,200$379,700$414,200$448,800$483,300Sales Price: 2 Bedroom:$204,400.00 $245,300.00 $286,200.00 $327,100.00 $368,000.00 $408,800.00 $449,700.00 $490,600.00 $531,500.00 $572,400.00 3 person max family income:49,900$ 59,880$ 69,860$ 79,840$ 89,820$ 99,800$ 109,780$ 119,760$ 129,740$ 139,720$ 4.8328% 4.8332% 4.8335% 4.8337%4.8339% 4.8328%4.8330% 4.8332%4.8334% 4.8335%$194,200$233,000$271,900$310,700$349,600$388,400$427,200$466,100$504,900$543,800Sales Price: 3 Bedroom:$227,000.00 $272,300.00 $317,700.00 $363,100.00 $408,500.00 $453,900.00 $499,300.00 $544,700.00 $590,100.00 $635,500.00 4 person max family income:55,400$ 66,480$ 77,560$ 88,640$ 99,720$ 110,800$ 121,880$ 132,960$ 144,040$ 155,120$ 4.8343% 4.8325% 4.8328% 4.8330%4.8331% 4.8333%4.8333% 4.8334%4.8335% 4.8336%$215,600$258,700$301,800$345,000$388,100$431,200$474,300$517,500$560,600$603,700Sales Price: 4 Bedroom:$245,200.00 $294,200.00 $343,300.00 $392,300.00 $441,300.00 $490,400.00 $539,400.00 $588,400.00 $637,500.00 $686,500.00 5 person max family income:59,850$ 71,820$ 83,790$ 95,760$ 107,730$ 119,700$ 131,670$ 143,640$ 155,610$ 167,580$ 4.8337% 4.8330% 4.8339% 4.8334%4.8330% 4.8337%4.8333% 4.8330%4.8335% 4.8332%$232,900$279,500$326,100$372,700$419,300$465,800$512,400$559,000$605,600$652,200Sales Price: 5 Bedroom:$263,400.00 $316,100.00 $368,800.00 $421,500.00 $474,100.00 $526,800.00 $579,500.00 $632,200.00 $684,900.00 $737,600.00 6 person max family income:64,300$ 77,160$ 90,020$ 102,880$ 115,740$ 128,600$ 141,460$ 154,320$ 167,180$ 180,040$ 4.8331%4.8334%4.8336%4.8338%4.8329%4.8331%4.8332%4.8334%4.8335%4.8336%$250,200 $300,300 $350,300 $400,400 $450,400 $500,500 $550,500 $600,600 $650,600 $700,700FOR-SALE FINISHED LOTS GUIDELINES (Effective 7/19/2024 )% of Median Income Affordable Home Price Cost/Unit Affordable Lot Price Credit80% 363,100$ - 236,423$ =126,677$ 1100% 453,900$ - 236,423$ =217,477$ 1/2FOR-RENT GUIDELINES (Effective 7/19/2024)% of Median Income 30% 50% 60% 80% 100% 120% 140%Unit Size 2 CREDITS 2 CREDITS 1.5 CREDITS 1.5 CREDITS 1 CREDIT 1/2 CREDIT 1/2 CREDITStudio$582 970$ 1,164$ 1,552$ 1,940$ 2,328$ 2,716$ 1 Bedroom$623 1,039$ 1,247$ 1,663$ 2,078$ 2,494$ 2,910$ 2 Bedroom$748 1,247$ 1,497$ 1,996$ 2,495$ 2,994$ 3,493$ 3 Bedroom$864 1,440$ 1,728$ 2,305$ 2,881$ 3,458$ 4,033$ 4 Bedroom$964 1,607$ 1,929$ 2,572$ 3,215$ 3,858$ 4,501$ This information is based on the affordable sales price for a completed unit for a household, earning eighty or one hundred percent of the median income in the County of Hawai'i, less the cost to build a single-family home of 1,100 square feet. *$214.93 per square foot cost is based on an estimated cost, as submitted to the County of Hawai`i, Department of Public Works, Building Division for construction in Hawai'ii County. Per Chapter 11 of the Hawai'i County Code §11-5(c)(9)(10)Affordable rents are based on 30% of gross monthly income, including utilities (water, sanitary sewage service, electricity and/or gas). Please refer to form HUD-52667 (Allowances for Tenant-Furnished Utilities and Other Services) for utilities for either single- and/or multi-family units.The following table presents income limits provided by Hawaii Housing Finance & Development Corporation (HHFDC), using the rates established by the U.S. Department of Housing and Urban Development (HUD) for various family sizes. The figures considers (1) a 30-year conventional fixed mortgage; (2) a fixed interest rate of 6%*; (3) a down payment equal to 5% of the sales price (4) housing expenses equal to 28% of gross annual income; *The interest rate used is the annual average interest rate for a 30-year conventional fixed mortgage, for the twelve months ending in the previous year rounded to the nearest half percent, as published by the Federal Home Loan Mortgage Corp (http://www.freddiemac.com/pmms/docs/30yr_pmmsmnth.xls). 2 CREDITS 1.5 CREDITS 1 CREDIT 1/2 CREDIT