OZ Investment Projects in Hawaii
The following is a list and description of some of the community-based projects in Hawaii’s Opportunity Zones that are seeking Opportunity Fund investment. These project descriptions should not be construed as any financial or investment solicitation, advice, recommendation, or guarantee by the State of Hawaii. Investors should consult their financial professional and conduct their own due diligence. Please check back often as projects will be added through 2020 as they become investment ready.
If you have a community-based OZ investment project you would like to submit to DBEDT for posting, please go to our OZ Project Registration page.
Opportunity Fund Investors can request more detailed information on any of these projects including the project owner’s contact information by completing our Opportunity Fund Investor Project Request Form. Also make sure to review the Factsheets on Hawaii’s Opportunity Zones.
Hawaii Opportunity Zone
Business Profile
(Project Code: OZB-DEB)
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| Opportunity Zone by Island & Region: | Oahu – Kalaeloa |
| Opportunity Zone by Census Track Number: | 85.02 |
| Amount of OZ Fund Investment Sought: | $5,000,000+ |
| Additional Incentives Available: | N/A |
| Business Sector (NAICS): | Education Services – Sector 61 |
| Stage of Business: | Existing business formed before 12/31/17 |
| Purpose of Investment: | Relocation and Expansion of Existing Business to an Opportunity Zone. Funds to be used to purchase land, support the development of infrastructure, and build a 21st century learning site at the new OZ location. |
| Brief Description of the Business: | DREAMHOUSE, INC. is a local 501(c)(3) non-profit that was founded in 2013 to support the launch and growth of DREAMHOUSE ‘EWA BEACH Public Charter School, which launched in August 2019 with the mission of developing local, homegrown leaders for our island community. The school opened with a 6th grade of 100 children and holds a charter with the State of Hawai‘i to grow one year at a time to eventually become a grades 6-12, 700-student, middle and high school. DREAMHOUSE, INC. is responsible for “Fundraising, Friendraising, and Facilities” to support the growth and success of the charter school. |
| Congressional District
District 1: Rep. Ed Case |
U.S. Senate
Senator Mazie Hirono |
Hawaii Opportunity Zone
Business Real Estate Profile
(Project Code: OZRE-ALP)
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| Opportunity Zone by Island & Region: | Maui – Hali’imaile |
| Opportunity Zone by Census Track Number: | Maui County 304.04 |
| Amount of OZ Fund Investment Sought: | $10,000,000+ |
| Additional Incentives Available: | Enterprise Zone Other – Residential Workforce Housing Credits (Maui Ordinance 2.96) |
| Type of Project: | Affordable Housing – Single Family Workforce For Sale & Multi Family Senior For Rent |
| Type of Construction: | New |
| Brief Description of the Project: | 196 Units of workforce housing for sale with target AMI of 80% to 140%
40+ Units of multifamily senior housing for rent with target AMI of 60% to 80% |
| Congressional District
District 2: Rep. Tulsi Gabbard |
U.S. Senate
Senator Mazie Hirono |