November 20, 2017

Steps and FAQs

Hi!  So you’ve made it this far… now what?
Below are the steps and the FAQs to getting approved and into The BLOCK!

For Market Rate Units:

  1. FIRST (before you come into the office) Get prequalified by either American Savings Bank or Honolulu Home Loans
  2. Once approved, visit our sales office
    1. Directions to our Sales Office at 770 Kapiolani Blvd., #200: We are located on Kapiolani, between Ward and Cooke Streets. Driving West on Kapiolani, toward Downtown, turn right on Clayton Street AFTER Yanagi Sushi,
    2. Parking for Sales Office: Guest Stalls 3-18 located at the end of Clayton Street on the right and left side of the road.
    3. Entering the Building:
      • Enter green & grey building double doors
      • Elevator is down the hallway, go up to the 2nd floor
      • Turn right and walk THROUGH the parking garage to the back (YES!  Our office is in the parking garage!)
      • Sales office is on the mauka side of the parking garage through the double doors
      • Call (808) 744-8181 for any further directions

 

For HHFDC Units: Do you QUALIFY?

  1. Do you qualify for the income limits: HHFDC Qualification and Project Information
  2. BEFORE coming into the office, get your prequalification letter by either American Savings Bank or Honolulu Home Loans
  3. Once approved, visit our sales office
    1. Directions to our Sales Office at 770 Kapiolani Blvd., #200: We are located on Kapiolani, between Ward and Cooke Streets. Driving West on Kapiolani, toward Downtown, turn right on Clayton Street AFTER Yanagi Sushi,
    2. Parking for Sales Office: Guest Stalls 3-18 located at the end of Clayton Street on the right and left-side of the road.
    3. Entering the Building:
      • Enter green & grey building double doors
      • Elevator is down the hallway, go up to the 2nd floor
      • Turn right and walk THROUGH the parking garage to the back (YES!  Our office is in the parking garage!)
      • Sales office is on the mauka side of the parking garage through the double doors
      • Call (808) 744-8181 for any further directions

HHFDC FAQs

  • What does HHFDC mean?
    • It stands for the Hawaii Housing Finance and Development.  That is the state department that has subsidized the project and in return, we offer a certain number of condos at a lower price starting at $276,100. Our market units which do not have the same restrictions start at $340,100.
  • What do I have to do to get that price?
    • You need to qualify. Check out the Affordability tab on the Menu for more information.
  • How much can I make per year?
    • $80,000
  • Can I own another home?
    • No, not over 50% of shared interest.
  • How long do I need to live in the unit?
    • 10 Years is the owner-occupant restriction.
  • How much do they cost?
    • HHFDC units start at $276,000 and go up from there.
  • What’s the downpayment?
    • For the HHFDC units, you can put 5% or more down.
  • What are the maintenance fees?
    • The Maintenance fees are estimated to be $152-$220 a month depending on the size of your unit.
  • Is there parking?
    • The majority of the HHFDC units do NOT have parking.
  • What do I do if there is no parking?
    • There are parking lots in the vicinity that currently rent at about $100-$200 per month. We also are gifting an Urban Mobility Program which gives one year each of biki, UBER, and Car Share.
  • Why do all of the studios look like 1-bedrooms?
    • All of the studios are functioning 1-bedrooms and when they are resold, can be sold as a 1-bedroom.
  • Is there a pool?
    • No. There are shared open air lounge areas.
  • Can I bring my dog?
    • Yes! Pets are allowed!