Reserved Housing · Kakaʻako
40 reserved homes in Kakaʻako. Could one be yours?
Below-market 1-bedroom condos at Ālia, 888 Ala Moana, from $513,784. A two-person household can earn up to $149,400 and still qualify.
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.
Talk to me first
Not sure if Ālia is right for you?
Leave your number and I’ll call to go over your situation. If it’s a fit, I’ll set up your visit to the sales gallery.
- The buyer guide: prices, income limits and the document checklist
- A 15-minute call about your eligibility, budget and the resale rules
- A sales gallery visit, scheduled for you
Independent site, not the developer’s official website. Keishi Takashima (R) does not represent the developer or seller.
Rather message me directly?
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.
This is a self-check, not an official decision. Eligibility is decided by the developer and HCDA from your completed application and affidavits.
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
Spread across the ground floor and the sixth-floor deck, a short elevator ride from home.
Pools & wellness
Adult pool, family lap pool, spas, sauna, cold plunge and a health club.
Play
Pickleball, basketball gym, bocce, bowling alley, movie theater and game rooms.
Everyday living
Coworking space, central lawn, dog park, pet spa, grills, private dining room and library lounge.
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.
How to apply
How to apply, step by step
Applications are accepted for just five days, Oct 28 to Nov 1. Starting now leaves time to line up a lender and a notary.
Step 1 · Now: book a consultation
A 15-minute call about your eligibility, your budget and the resale rules, so you know if Ālia fits before you do any paperwork. Book your call.
Step 2 · Oct 15–29: visit the sales gallery
If Ālia fits, I’ll set up a visit to the sales gallery at Hokua Ala Moana (1288 Ala Moana Blvd., Suite 108). Ask your questions in person and pick up your application packet. Packets are handed out from 10:00 a.m. Thu, Oct 15 until 5:00 p.m. Thu, Oct 29.
Step 3 · Before Oct 28: get your documents ready
Get a pre-qualification letter from one of the project-approved lenders and have both affidavits notarized. These take the longest, so start right after your visit.
Step 4 · Oct 28 10:00 a.m. – Nov 1 5:00 p.m.: submit in person
Completed applications are accepted only during this window and only in person. Mail, email, fax and courier are not accepted. Handing yours in on the first day doesn’t help: every complete application gets the same chance in the lottery.
Step 5 · Sat, Nov 14, 11:00 a.m.: the lottery
Submitting an application doesn’t reserve a home. Every qualified applicant is drawn a random Unit Selection Number, and that number sets the order buyers choose in. You don’t need to attend.
Step 6 · Nov 18–22: unit selection
Attend your assigned appointment in person, choose an available home and sign the sales contract with a $500 deposit (personal or cashier’s check to Title Guaranty Escrow Services, Inc.).
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.
How I help
Where I come in
Consultation call
We go over your income, assets, past home ownership and goals, so you know if Ālia makes sense before you start on paperwork.
Sales gallery visit
I set up a visit to the sales gallery, where you can ask questions in person and pick up your application packet.
Lender introductions
I connect you with a project-approved lender for your pre-qualification letter.
Document check
I go through your packet before you hand it in, so nothing gets it rejected as incomplete.
Unit selection & closing
We plan your top choices for selection day, and I represent you through contract and closing.
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.
Can I submit my application online or by mail?
No. Packets must be picked up and completed applications delivered in person to the Sales Office between Wed, Oct 28 at 10:00 a.m. and Sun, Nov 1 at 5:00 p.m. Mail, email, fax and courier are not accepted.
I 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 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.
Do you work for the developer?
No. This is an independent site run by Keishi Takashima, a Realtor with Real Broker LLC. Heyer & Associates LLC is the developer’s Exclusive Project Broker and runs the Sales Office. I can help you get ready and represent you as your own agent.
Contact
Tell me where you are in the process
A few details help me prepare for our call. If Ālia is a good fit, I’ll set up your visit to the sales gallery and send you the buyer guide.
DISCLAIMER: This is an independent website and is not the official website of Ālia at 888 Ala Moana. Keishi Takashima (R) does not represent the developer or seller. Applications must be picked up and delivered in person by the applicant at the Sales Office.