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DHHL reintroduces project leases and outlines large Oʻahu rollout; 665 project‑leases to be signed March 22
Summary
DHHL is reintroducing an undivided interest model rebranded as a “project lease” to let beneficiaries secure priority in new Oʻahu developments before they must meet financial underwriting, and staff told the commission they expect to sign about 665 project leases March 22.
Department of Hawaiian Home Lands staff told the Hawaiian Homes Commission on Feb. 18 they will reintroduce an undivided interest lease program (now called the “project lease”) and use project leases to speed awards and design housing products that match beneficiary financial readiness.
Under the plan, DHHL will offer project leases to beneficiaries who express interest in a particular development area without requiring immediate financial qualification. The project lease secures an undivided interest in a designated area — not an individual lot — and gives a beneficiary priority in later lot selection once infrastructure and construction are underway. A project lease also allows an awardee to immediately designate a 25% successor to preserve family continuity.
Michelle Hitzman, Housing Project Branch manager, said the approach allows developers to assess demand and…
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