On Monday, a blessing ceremony was held that represents the next step in bringing affordable single-family homes to Lahaina for residents providing essential public services to the community, such as teachers, first responders, health care workers and county workers.
Twelve vacant home sites in the Kahoma Residential Subdivision on Komo Mai Street in Lahaina were blessed in a ceremony today. Construction of the first two homes will be completed by September.
Representatives of Na Hale O Maui, the nonprofit organization providing the homes through Hawaii’s only community land trust, were joined by state and county government officials and community leaders at today’s ceremony. Conducting the blessing was Kahu Kimokeo Kapahulehua.
Funding for the project is being provided by Na Hale O Maui, the County of Maui, State of Hawaii, a $100,000 donation from the Nareit Foundation’s REIT Way Hawaii Community Giving Campaign and other community organizations and individuals. Real Estate Investment Trusts (REITs) are long-term property holders that own, renovate and manage affordable housing, commercial buildings, medical facilities, shopping centers and hotels throughout Hawaii.
Na Hale O Maui’s innovative community land trust project is building the first new 100 percent permanently affordable residential single family homes in Lahaina. These homes will be sold to households earning 80 to 120 percent of Maui’s area medium income. The new homes will be added to the 34 permanently affordable homes that Na Hale O Maui has produced one home at a time on Maui.
Na Hale O Maui is the first and only fully operational community land trust in Hawaii. There are community land trusts in 43 states nationwide. Community land trust homes never go to market price and remain affordable in perpetuity. Community land trust homes are resold to households in the same income range.
Na Hale O Maui homes are planned as critically needed workforce housing to help keep Maui’s teachers, first responders, county workers, health care workers and others in Hawaii. Many Na Hale O Maui homeowners would have been forced to leave Maui if they were not able to qualify for a truly affordable home.