Ke'olu is the affordable housing component of the Koa Ridge master-planned community in Central Oahu, designed to make homeownership accessible for local families and first-time buyers in 2026. With prices significantly below market rate, Ke'olu represents one of the best opportunities to own a brand-new home in one of Hawaii's most desirable new communities.

This guide covers everything you need to know about Ke'olu homes, pricing, eligibility, and how to apply.

What Is Ke'olu at Koa Ridge?

Ke'olu is a workforce and affordable housing neighborhood within the larger Koa Ridge development by Castle & Cooke. These homes are offered at below-market prices to qualified buyers who meet specific income and residency requirements set by the City and County of Honolulu.

The neighborhood features the same quality construction and community amenities as the market-rate sections of Koa Ridge, including access to parks, trails, the community pool, and the planned retail village.

Ke'olu Home Types and Pricing 2026

Ke'olu offers a mix of single-family homes and townhomes. Single-family residences typically range from 3 to 4 bedrooms with 1,200 to 1,800 square feet of living space. Townhome units offer 2 to 3 bedrooms in approximately 900 to 1,400 square feet.

Pricing is determined by the City and County affordable housing guidelines and is significantly below comparable market-rate homes in the area. Exact pricing varies by unit type and is subject to annual adjustments based on area median income.

Eligibility Requirements

To qualify for a Ke'olu home, buyers must meet several criteria. Household income must fall within the designated affordable income limits set by the City and County of Honolulu. Buyers must be Hawaii residents and cannot own other residential property at the time of purchase. The home must be used as the primary residence, and there are resale restrictions that typically last 10 years.

First-time homebuyers and families with children often receive priority in the selection process.

How to Apply for Ke'olu Homes

The application process begins when Castle & Cooke announces a new release of Ke'olu units. Interested buyers should register on the Koa Ridge website and monitor announcements for lottery or waitlist openings. Applications require proof of income, residency documentation, and pre-approval from an approved lender.

Working with a knowledgeable local real estate agent who understands the affordable housing process can significantly improve your chances and streamline the application.

Frequently Asked Questions About Ke'olu

Q: What is the income limit for Ke'olu affordable homes at Koa Ridge?

A: Income limits are set by the City and County of Honolulu based on area median income (AMI). For 2026, limits typically range from 80% to 140% AMI depending on household size and the specific affordable tier.

Q: Can I use a VA loan to buy a Ke'olu home?

A: Yes, VA loans are accepted for Ke'olu purchases provided you meet both the VA eligibility requirements and the Ke'olu affordable housing criteria.

Q: Are there HOA fees for Ke'olu homes?

A: Yes, Ke'olu homes are part of the Koa Ridge community association. HOA fees cover maintenance of common areas, parks, pools, and community facilities.

Q: What are the resale restrictions on Ke'olu homes?

A: Ke'olu homes come with a shared equity or buyback provision that typically lasts 10 years. During this period, resale prices are capped to maintain affordability for future buyers.

Q: How does the lottery process work?

A: When units become available, a lottery is held among qualified applicants. Winners are given the opportunity to select from available units in lottery order. Remaining applicants are placed on a waitlist.

Ready to explore Ke'olu affordable homes at Koa Ridge? Contact the Kristy and Austin Home Group at kahomegroup.com for expert guidance on the application process, eligibility requirements, and how to position yourself for the next release.