HCDA board approves amended reserve-housing plan for Gentry development in Kahulu
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Summary
The Hawai—2 Community Development Authority approved revisions to Gentry's reserve-housing program for development permit KAL25-010, including converting 14 reserved units in the first tranche to market units, shortening the regulated term to two years, and increasing closing incentives; the motion passed 8-0 with one excused.
The Hawai—2 Community Development Authority approved revisions to the reserve-housing program for Gentry's Kahulu development permit (KAL25-010) on Feb. 4, 2026, voting 8-0 with one member excused.
The board acted after a staff report from Ryan Tam, the authority's director of planning and development, and a presentation by a Gentry representative. Tam said the amended program, submitted Jan. 16, 2026, proposes changes to the mix of reserved units and updates to marketing and program administration. "The amended reserve housing program includes the first tranche of 14 reserve units that would be converted to market units," Tam said during his report, and he noted a proposed shortened regulated term for future reserved units.
Gentry's presenter, Andrew Kungkawa, told the board the program remains intended to help working local families obtain homeownership while keeping reserved units distributed across the project rather than clustered. "The objective of this reserve housing program is to develop and sell reserve housing units in Kahului in compliance with all the HCDA requirements," Andrew said. He reviewed unit types (two-bedroom, two-bath and three-bedroom, two-bath), an updated marketing plan with a dedicated reserved-unit webpage and brochure, and a testimonial from a recent reserve-home buyer.
The presentation included specifics on incentives and external programs. Gentry said it plans to use a Hawaii Housing Finance and Development Corporation (HHFDC) dwelling-unit revolving fund equity program for four multifamily reserved units and will provide additional program details when HHFDC finalizes rules. The developer also proposed increasing closing-credit incentives: the original program listed roughly $8,000'$15,000 per unit; the amended plan raises that range to about $18,000'$27,000 per unit depending on mortgage type.
After the presentation the board took no public testimony. Member Evans moved to approve the revisions; the motion was seconded and carried on a roll call vote. The meeting minutes record the motion passed with 8 yes votes, 0 no votes, 1 excused, and no abstentions.
The board also heard a brief monthly report from Executive Director Nakamoto listing site inventory items and permit statuses; no action was taken on those items. The meeting adjourned at 9:17 a.m.
