Reserved Housing · Kakaʻako
40 reserved homes in Kakaʻako. Could one be yours?
40 below-market condos from $513,784 at Ālia, a new Kakaʻako luxury tower, est. spring 2027.
Applications closeNov 1, 5:00 p.m.Book your consultation →Who qualifies
Own a below-market home in Kakaʻako
Under HCDA’s Kakaʻako rules, 40 homes at Ālia are sold below market to Hawaiʻi residents who will live in them. In return, you agree to live there and accept limits on renting and resale for 2 to 10 years.
Higher income limits than you might think
The limits are $130,700 for one person and $168,100 for three. These homes aren’t only for low-income buyers.
The same amenities as every owner
Pools, fitness center, courts, bowling alley, theater and lawn. Reserved owners use all of it.
New construction in Kakaʻako
Each home has central air, an in-home washer and dryer, Bosch appliances and quartz counters. Completion is estimated for Q2 2027.
60-second self-check
Do you qualify?
Nine questions, checked against the published rules for Ālia’s reserved homes.
2026 limits for Ālia
| Household | Max income | Max assets |
|---|---|---|
| 1 person | $130,700 | $163,375 |
| 2 people | $149,400 | $186,750 |
| 3 people | $168,100 | $210,125 |
Income limit is 140% of HUD's 2026 Honolulu median; the asset limit is 125% of the income limit. All homes are 1-bedroom, so households of 1–3 people may apply.
Let’s go over your eligibility and timeline. I’ll explain the next steps in the application process.
Ready for Next Steps for ApplicationThis is a quick self-check, not an official eligibility decision. It only gives you a general idea of whether you might qualify. To buy a reserved home, HCDA must still confirm your eligibility, and you'll need a pre-qualification letter from one of the project-approved lenders. Your answers stay on your device and aren't sent anywhere.
Next steps
Ready for the next step?
Let’s go over your eligibility and timeline. If Ālia fits, I’ll help you get your application ready before the Oct 28 – Nov 1 window.
Why work with a Realtor?
- A guide through every stepIt’s new construction, but there’s still a lot to navigate. I walk you through the details, deadlines and paperwork so nothing gets missed.
- A second set of eyes at inspectionNew homes can still have defects. When your home is finished, I walk it with you, help line up a home inspector, and make sure issues are documented for the developer to fix before closing.
- Someone on your sideThe Sales Office works for the developer. I work for you, from unit selection through the sales contract and closing. My compensation is paid by the developer, so having me on your side comes at no additional cost to you.
Helped buyers into reserved homes at ʻUlana Ward Village
Keishi Takashima
Realtor® · RS-87978
Real Broker LLC · RB-23337
Independent site, not the developer’s official website. Keishi Takashima (R) does not represent the developer or seller.
The homes
Four 1-bedroom layouts on levels 2–5
Prices are set by the developer and current as of the published announcement.
Amenities
Pools, courts and a bowling alley, in your building
Reserved Housing owners get full access to every amenity on the ground floor and the sixth-floor deck.
Ground floor
- Ālia Lounge
- Bowling alley
- Gymnasium / basketball court
- Pickleball court
- Movie theater
- Health club
- Movement studio
- Sauna & lockers
- Salon / spa
- Workspace
- Multimedia room
- Kitchen
- Playground
- Pet spa
- Lei Kou Garden
- Bike & water sport storage
- Laundry room
- Mail room
- Guest parking
- Lobby
Sixth floor
- Adult pool
- Adult wellness: sauna, cold plunge & spa
- Family lap pool & spa
- Cabanas
- Outdoor shower
- Central lawn
- Bocce court
- Dog park
- Grilling stations
- Game rooms
- Private dining room & kitchen
- Library lounge
- Salon / spa
- Lobby
Amenities as listed in the developer’s fact sheet (Rev. 10.2026). The project is still in development and amenities may change.
Key dates
Mark your calendar
Your first step, then the dates from the presale announcement. The highlighted ones can’t be missed.
Now
Wed, Oct 28, 2026 · 10:00 a.m. (key date)
First day completed applications are accepted.
Thu, Oct 29, 2026 · 5:00 p.m.
Last day to pick up an application packet.
Sun, Nov 1, 2026 · 5:00 p.m. (key date)
Deadline. Completed applications must be delivered in person.
Sat, Nov 14, 2026 · 11:00 a.m. (key date)
Public lottery. You don’t need to attend.
Wed, Nov 18 – Sun, Nov 22, 2026
Unit selection appointments, in person, in lottery order.
Good to know
Applying enters you in a lottery
There are only 40 homes, and a completed application doesn’t reserve one. The order buyers choose in is set by a random draw, not by who applies first.
- 1
By Nov 1
You hand in a complete application in person.
- 2
Nov 14
A public lottery gives every qualified applicant a random number.
- 3
Nov 18–22
Buyers choose homes in number order until all 40 are taken.
If the homes run out before your number, you go on a back-up list in order and are contacted if a home opens up.
Checklist
What your application needs
- Notarized Affidavit of Intent to Purchase and Reside in a Designated Owner-Occupant Reserved Housing Residential Unit
- Notarized Affidavit of Eligibility to Purchase a Reserved Housing Unit in the Project
- Ālia at 888 Ala Moana Registration Agreement – Reserved Housing Owner-Occupant
- Loan Pre-Qualification Letter from one of the Project Approved Lenders
- Reserved Housing Application Checklist
Every buyer on the application must complete and sign each document.
Know before you buy
The rules that come with the home
These rules keep the homes below market for the next buyer.
Regulated term
For 2, 5 or 10 years after purchase, depending on how affordably the home was priced, you must live in it and renting is restricted.
HCDA buy-back option
If you move out or sell during the term, HCDA has the first option to buy the home at a formula price.
Shared equity
When you sell after the term, or if HCDA declines to buy during it, HCDA receives a share of the equity by formula.
888 Ala Moana Blvd, Honolulu, HI 96814
FAQ
Frequently asked questions
Is this only for low-income buyers?
No. The income limit is 140% of the area median, which is $130,700 for one person, $149,400 for two and $168,100 for three. Two people each earning $70,000 a year, for example, are under the two-person limit.
How are buyers chosen?
By public lottery on Sat, Nov 14, 2026. Each qualified applicant gets a random Unit Selection Number that sets the order buyers choose homes in. If homes run out before your number, you go on a back-up list in order.
I owned or co-owned a home before. Can I still apply?
Only if neither you nor your spouse has owned a majority interest in a principal residence, anywhere, in the 3 years before you apply.
Are there restrictions after I buy?
Yes. For a regulated term of 2, 5 or 10 years (depending on how affordably the home was priced), you must live in the home, renting is restricted, and HCDA has the first option to buy it back if you move or sell. HCDA also shares in the equity when the home is eventually sold. Ask the Sales Office which term applies to each home.
When will the building be finished?
Completion is currently estimated for the second quarter of 2027. Timelines are set by the developer and may change.
What will the monthly HOA fee be?
A rough estimate is about $1.34 per square foot per month, or roughly $524 to $670 a month depending on the floor plan. This is an estimate only and is subject to change.
Does the home come with parking?
No. Parking is not included with these homes, but buyers have the option to purchase a parking stall separately. Ask the Sales Office about availability and price.
What do I need to bring?
A completed application including: Notarized Affidavit of Intent to Purchase and Reside in a Designated Owner-Occupant Reserved Housing Residential Unit; Notarized Affidavit of Eligibility to Purchase a Reserved Housing Unit in the Project; Ālia at 888 Ala Moana Registration Agreement – Reserved Housing Owner-Occupant; Loan Pre-Qualification Letter from one of the Project Approved Lenders; Reserved Housing Application Checklist.