Hawaii Housing Finance & Development Corporation Awards Construction Contract to Ahe Group (July 2026)

HHFDC awarded federal and state 9% LIHTC and a $5.14 million RHRF loan to Ahe Group for the 614 Wailepo project in Kailua, providing 38 affordable units at 30%–60% AMI with a 61-year affordability period. The financing, supplemented by prior city land acquisition funding, supports construction slated to begin in late 2026.

Document date · July 9, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$2,150,000 federal LIHTC (over 10 years); $2,150,000 state LIHTC (over 5 years); $5,144,364 RHRF loan; city land acquisition funding (amount not specified)

Contract type

CONSTRUCTION

Contract term

LIHTC: 10-year federal credit period and 5-year state credit period; affordability period 61 years

Renewal date

2087-12-31

Renewal

Affordability period committed for 61 years; RHRF loan terms include 0.5% interest and 85% cash flow payments after negotiation from a higher request.

Document type

Minutes

Source document

Hawaii Housing Finance and Development Corporation Minutes Annual Meeting and Regular Meeting 2026-07-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Hawaii Housing Finance & Development Corporation?

Ahe Group was awarded this construction contract by Hawaii Housing Finance & Development Corporation, as recorded on July 9, 2026. The contract value is $2,150,000 federal LIHTC (over 10 years); $2,150,000 state LIHTC (over 5 years); $5,144,364 RHRF loan; city land acquisition funding (amount not specified).

How much is the Ahe Group contract with Hawaii Housing Finance & Development Corporation worth?

The Ahe Group contract with Hawaii Housing Finance & Development Corporation is valued at $2,150,000 federal LIHTC (over 10 years); $2,150,000 state LIHTC (over 5 years); $5,144,364 RHRF loan; city land acquisition funding (amount not specified), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Hawaii Housing Finance and Development Corporation Minutes Annual Meeting and Regular Meeting 2026-07-09 (Minutes), dated July 9, 2026 from Hawaii Housing Finance & Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ahe Group hold?

Ahe Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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